Median Home PriceBETTER
$228,588.5
Median Rent
$1,703.54/mo
Price-to-Rent RatioBETTER
11.2
Property Tax RateTIE
1.54%
Price Change (1Y)BETTER
+2.8%
Price Change (5Y)BETTER
+14.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$14,873
Median Home Price
$231,936.92
Median RentBETTER
$1,529.97/mo
Price-to-Rent Ratio
12.6
Property Tax RateTIE
1.54%
Price Change (1Y)
+1.5%
Price Change (5Y)
+7.7%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$78,277
Key Differences
Home Prices
Philadelphia's median home price of $228,588.5 is lower than Pittsburgh's $231,936.92 by 1%.
Monthly Rent
Renting in Philadelphia costs $1,703.54/mo compared to $1,529.97/mo in Pittsburgh—a difference of $173.57/mo.
Buy vs Rent Verdict
Philadelphia favors either option, while Pittsburgh favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.