Median Home Price
$284,020.02
Median Rent
$1,556.55/mo
Price-to-Rent Ratio
15.2
Property Tax RateTIE
0.82%
Price Change (1Y)
+1.2%
Price Change (5Y)
+6.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$122,470
Median Home PriceBETTER
$215,832.95
Median RentBETTER
$1,270.69/mo
Price-to-Rent RatioBETTER
14.2
Property Tax RateTIE
0.82%
Price Change (1Y)BETTER
+2.9%
Price Change (5Y)BETTER
+14.4%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$51,843
Key Differences
Home Prices
Newport News's median home price of $284,020.02 is higher than Roanoke's $215,832.95 by 32%.
Monthly Rent
Renting in Newport News costs $1,556.55/mo compared to $1,270.69/mo in Roanoke—a difference of $285.86/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.