Median Home PriceBETTER
$493,150.76
Median RentBETTER
$1,686.65/mo
Price-to-Rent RatioBETTER
24.4
Property Tax RateBETTER
0.97%
Price Change (1Y)BETTER
-1.2%
Price Change (5Y)BETTER
-6.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$363,323
Median Home Price
$841,148.88
Median Rent
$2,267.38/mo
Price-to-Rent Ratio
30.9
Property Tax Rate
0.98%
Price Change (1Y)
-1.8%
Price Change (5Y)
-9.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$714,572
Key Differences
Home Prices
Portland's median home price of $493,150.76 is lower than Seattle's $841,148.88 by 41%.
Monthly Rent
Renting in Portland costs $1,686.65/mo compared to $2,267.38/mo in Seattle—a difference of $580.73/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.