Median Home PriceBETTER
$264,378.2
Median Rent
$1,627.12/mo
Price-to-Rent RatioBETTER
13.5
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+5.6%
Price Change (5Y)BETTER
+28.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$9,748
Median Home Price
$308,799.62
Median RentBETTER
$1,479.27/mo
Price-to-Rent Ratio
17.4
Property Tax RateTIE
1.72%
Price Change (1Y)
+4.5%
Price Change (5Y)
+22.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$123,804
Key Differences
Home Prices
Syracuse's median home price of $264,378.2 is lower than Troy's $308,799.62 by 14%.
Monthly Rent
Renting in Syracuse costs $1,627.12/mo compared to $1,479.27/mo in Troy—a difference of $147.85/mo.
Buy vs Rent Verdict
Syracuse favors either option, while Troy favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.