New York vs Philadelphia
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Philadelphia has an edge
Philadelphia edges ahead based on overall market conditions.
Median Home Price
$1,182,635.83
Median Rent
$4,367.24/mo
Price-to-Rent Ratio
22.6
Property Tax Rate
1.72%
Price Change (1Y)
+1.4%
Price Change (5Y)
+7.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$967,229
Median Home PriceBETTER
$228,588.5
Median RentBETTER
$1,703.54/mo
Price-to-Rent RatioBETTER
11.2
Property Tax RateBETTER
1.54%
Price Change (1Y)BETTER
+2.8%
Price Change (5Y)BETTER
+14.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$14,873
Key Differences
Home Prices
New York's median home price of $1,182,635.83 is higher than Philadelphia's $228,588.5 by 417%.
Monthly Rent
Renting in New York costs $4,367.24/mo compared to $1,703.54/mo in Philadelphia—a difference of $2,663.7/mo.
Buy vs Rent Verdict
New York favors renting, while Philadelphia favors either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.
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.