New York vs Washington
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
$760,000
Median Rent
$3,450/mo
Price-to-Rent RatioBETTER
18.4
Property Tax Rate
1.72%
Price Change (1Y)BETTER
+3.3%
Price Change (5Y)
+21.0%
Break-Even YearsTIE
8 years
10-Year Wealth DifferenceBETTER
+$20,000
Median Home Price
$780,000
Median RentBETTER
$3,350/mo
Price-to-Rent Ratio
19.4
Property Tax RateBETTER
0.85%
Price Change (1Y)
+3.2%
Price Change (5Y)BETTER
+22.0%
Break-Even YearsTIE
8 years
10-Year Wealth Difference
$5,000
Key Differences
Home Prices
New York's median home price of $760,000 is lower than Washington's $780,000 by 3%.
Monthly Rent
Renting in New York costs $3,450/mo compared to $3,350/mo in Washington—a difference of $100/mo.
Buy vs Rent Verdict
Both cities currently favor either option.
Break-Even Timeline
Buying breaks even in 8 years in New York vs 8 years in Washington.
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.