Austin vs New York
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
New York has an edge
New York edges ahead based on overall market conditions.
Median Home PriceBETTER
$475,000
Median RentBETTER
$1,800/mo
Price-to-Rent Ratio
22.0
Property Tax Rate
1.80%
Price Change (1Y)BETTER
+4.3%
Price Change (5Y)
+20.0%
Break-Even YearsTIE
8 years
10-Year Wealth DifferenceBETTER
+$25,000
Median Home Price
$760,000
Median Rent
$3,450/mo
Price-to-Rent RatioBETTER
18.4
Property Tax RateBETTER
1.72%
Price Change (1Y)
+3.3%
Price Change (5Y)BETTER
+21.0%
Break-Even YearsTIE
8 years
10-Year Wealth Difference
+$20,000
Key Differences
Home Prices
Austin's median home price of $475,000 is lower than New York's $760,000 by 38%.
Monthly Rent
Renting in Austin costs $1,800/mo compared to $3,450/mo in New York—a difference of $1,650/mo.
Buy vs Rent Verdict
Both cities currently favor either option.
Break-Even Timeline
Buying breaks even in 8 years in Austin vs 8 years in New York.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.