Median Home PriceBETTER
$239,431.46
Median RentBETTER
$1,282.4/mo
Price-to-Rent Ratio
15.6
Property Tax RateTIE
0.82%
Price Change (1Y)
+0.8%
Price Change (5Y)
+4.2%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceTIE
$122,450
Median Home Price
$284,020.02
Median Rent
$1,556.55/mo
Price-to-Rent RatioBETTER
15.2
Property Tax RateTIE
0.82%
Price Change (1Y)BETTER
+1.2%
Price Change (5Y)BETTER
+6.2%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceTIE
$122,470
Key Differences
Home Prices
Lynchburg's median home price of $239,431.46 is lower than Newport News's $284,020.02 by 16%.
Monthly Rent
Renting in Lynchburg costs $1,282.4/mo compared to $1,556.55/mo in Newport News—a difference of $274.15/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.