Median Home PriceBETTER
$437,106.46
Median RentBETTER
$1,651.85/mo
Price-to-Rent RatioBETTER
22.1
Property Tax RateTIE
0.97%
Price Change (1Y)BETTER
+0.2%
Price Change (5Y)BETTER
+1.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$360,036
Median Home Price
$556,184.12
Median Rent
$1,892.63/mo
Price-to-Rent Ratio
24.5
Property Tax RateTIE
0.97%
Price Change (1Y)
-2.2%
Price Change (5Y)
-11.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$407,179
Key Differences
Home Prices
Salem's median home price of $437,106.46 is lower than Tigard's $556,184.12 by 21%.
Monthly Rent
Renting in Salem costs $1,651.85/mo compared to $1,892.63/mo in Tigard—a difference of $240.78/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.