Median Home PriceTIE
$361,117.09
Median RentTIE
$1,877.7/mo
Price-to-Rent RatioTIE
16.0
Property Tax RateTIE
0.56%
Price Change (1Y)TIE
+3.8%
Price Change (5Y)TIE
+19.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceTIE
$59,256
Median Home PriceTIE
$361,117.09
Median RentTIE
$1,877.7/mo
Price-to-Rent RatioTIE
16.0
Property Tax RateTIE
0.56%
Price Change (1Y)TIE
+3.8%
Price Change (5Y)TIE
+19.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceTIE
$59,256
Key Differences
Home Prices
Newark's median home price of $361,117.09 is lower than Wilmington's $361,117.09 by 0%.
Monthly Rent
Renting in Newark costs $1,877.7/mo compared to $1,877.7/mo in Wilmington—a difference of $0/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.