Median Home PriceTIE
$228,588.5
Median Rent
$1,703.54/mo
Price-to-Rent RatioBETTER
11.2
Property Tax RateTIE
1.54%
Price Change (1Y)
+2.8%
Price Change (5Y)
+14.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$14,873
Median Home PriceTIE
$227,995.8
Median RentBETTER
$1,313.14/mo
Price-to-Rent Ratio
14.5
Property Tax RateTIE
1.54%
Price Change (1Y)BETTER
+5.7%
Price Change (5Y)BETTER
+28.4%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$19,920
Key Differences
Home Prices
Philadelphia's median home price of $228,588.5 is higher than Scranton's $227,995.8 by 0%.
Monthly Rent
Renting in Philadelphia costs $1,703.54/mo compared to $1,313.14/mo in Scranton—a difference of $390.4/mo.
Buy vs Rent Verdict
Both cities currently favor either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.