Median Home PriceBETTER
$308,799.62
Median RentBETTER
$1,479.27/mo
Price-to-Rent RatioBETTER
17.4
Property Tax RateTIE
1.72%
Price Change (1Y)BETTER
+4.5%
Price Change (5Y)BETTER
+22.8%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$123,804
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
Troy's median home price of $308,799.62 is lower than Yonkers's $824,578.55 by 63%.
Monthly Rent
Renting in Troy costs $1,479.27/mo compared to $3,016.38/mo in Yonkers—a difference of $1,537.11/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.