Median Home Price
$360,670.01
Median Rent
$1,699.79/mo
Price-to-Rent Ratio
17.7
Property Tax RateTIE
0.97%
Price Change (1Y)BETTER
+1.3%
Price Change (5Y)BETTER
+6.4%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$207,433
Median Home PriceBETTER
$248,367.11
Median RentBETTER
$1,254.09/mo
Price-to-Rent RatioBETTER
16.5
Property Tax RateTIE
0.97%
Price Change (1Y)
+0.9%
Price Change (5Y)
+4.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$146,286
Key Differences
Home Prices
O'Fallon's median home price of $360,670.01 is higher than Springfield's $248,367.11 by 45%.
Monthly Rent
Renting in O'Fallon costs $1,699.79/mo compared to $1,254.09/mo in Springfield—a difference of $445.7/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.