Median Home Price
$1,182,635.83
Median Rent
$4,367.24/mo
Price-to-Rent Ratio
22.6
Property Tax RateTIE
1.72%
Price Change (1Y)
+1.4%
Price Change (5Y)
+7.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$967,229
Median Home PriceBETTER
$264,378.2
Median RentBETTER
$1,627.12/mo
Price-to-Rent RatioBETTER
13.5
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+5.6%
Price Change (5Y)BETTER
+28.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$9,748
Key Differences
Home Prices
New York's median home price of $1,182,635.83 is higher than Syracuse's $264,378.2 by 347%.
Monthly Rent
Renting in New York costs $4,367.24/mo compared to $1,627.12/mo in Syracuse—a difference of $2,740.12/mo.
Buy vs Rent Verdict
New York favors renting, while Syracuse favors either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.