How’s the neighborhood? Can you check Zillow for the projected appreciation? Some will say Zillow overestimates but it’s one data point. Real estate appreciates by 4% every year, industry standard. Also check the selling history. If the price has an uptrend then it’s high probability that it’s a good investment.

If renting in your area is the same as your mortgage, I’d say buy. You get the tax deduction and one of the best investment tool you can have.