Charlotte 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
$425,000
Median RentBETTER
$1,900/mo
Price-to-Rent Ratio
18.6
Property Tax RateBETTER
0.84%
Price Change (1Y)TIE
+3.3%
Price Change (5Y)
+17.0%
Break-Even YearsBETTER
7 years
10-Year Wealth Difference
+$10,000
Median Home Price
$760,000
Median Rent
$3,450/mo
Price-to-Rent RatioBETTER
18.4
Property Tax Rate
1.72%
Price Change (1Y)TIE
+3.3%
Price Change (5Y)BETTER
+21.0%
Break-Even Years
8 years
10-Year Wealth DifferenceBETTER
+$20,000
Key Differences
Home Prices
Charlotte's median home price of $425,000 is lower than New York's $760,000 by 44%.
Monthly Rent
Renting in Charlotte costs $1,900/mo compared to $3,450/mo in New York—a difference of $1,550/mo.
Buy vs Rent Verdict
Both cities currently favor either option.
Break-Even Timeline
Buying breaks even in 7 years in Charlotte 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.