Median Home Price
$264,378.2
Median Rent
$1,627.12/mo
Price-to-Rent Ratio
13.5
Property Tax RateTIE
1.72%
Price Change (1Y)
+5.6%
Price Change (5Y)
+28.0%
Break-Even Years
N/A
10-Year Wealth Difference
$9,748
Median Home PriceBETTER
$225,469.56
Median RentBETTER
$1,472.17/mo
Price-to-Rent RatioBETTER
12.8
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+7.2%
Price Change (5Y)BETTER
+36.1%
Break-Even YearsBETTER
4 years
10-Year Wealth DifferenceBETTER
+$49,393
Key Differences
Home Prices
Syracuse's median home price of $264,378.2 is higher than Utica's $225,469.56 by 17%.
Monthly Rent
Renting in Syracuse costs $1,627.12/mo compared to $1,472.17/mo in Utica—a difference of $154.95/mo.
Buy vs Rent Verdict
Syracuse favors either option, while Utica favors buying.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.