Median Home Price
$859,957.76
Median Rent
$2,809.35/mo
Price-to-Rent Ratio
25.5
Property Tax Rate
0.73%
Price Change (1Y)BETTER
-1.8%
Price Change (5Y)BETTER
-9.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$597,809
Median Home PriceBETTER
$455,489.79
Median RentBETTER
$1,736.14/mo
Price-to-Rent RatioBETTER
21.9
Property Tax RateBETTER
0.62%
Price Change (1Y)
-3.4%
Price Change (5Y)
-17.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$276,367
Key Differences
Home Prices
Los Angeles's median home price of $859,957.76 is higher than Phoenix's $455,489.79 by 89%.
Monthly Rent
Renting in Los Angeles costs $2,809.35/mo compared to $1,736.14/mo in Phoenix—a difference of $1,073.21/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.