Median Home PriceBETTER
$240,808.33
Median RentBETTER
$1,076.97/mo
Price-to-Rent Ratio
18.6
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+5.3%
Price Change (5Y)BETTER
+26.7%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$98,214
Median Home Price
$269,412.43
Median Rent
$1,499.49/mo
Price-to-Rent RatioBETTER
15.0
Property Tax RateTIE
1.72%
Price Change (1Y)
+3.0%
Price Change (5Y)
+14.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$113,698
Key Differences
Home Prices
Niagara Falls's median home price of $240,808.33 is lower than Rochester's $269,412.43 by 11%.
Monthly Rent
Renting in Niagara Falls costs $1,076.97/mo compared to $1,499.49/mo in Rochester—a difference of $422.52/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.