Median Home PriceBETTER
$264,378.2
Median RentBETTER
$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
$824,578.55
Median Rent
$3,016.38/mo
Price-to-Rent Ratio
22.8
Property Tax RateTIE
1.72%
Price Change (1Y)
+3.7%
Price Change (5Y)
+18.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$528,335
Key Differences
Home Prices
Syracuse's median home price of $264,378.2 is lower than Yonkers's $824,578.55 by 68%.
Monthly Rent
Renting in Syracuse costs $1,627.12/mo compared to $3,016.38/mo in Yonkers—a difference of $1,389.26/mo.
Buy vs Rent Verdict
Syracuse favors either option, while Yonkers favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.