The price-to-rent ratio divides a city's typical list price by a year of its typical rent. The lower it is, the cheaper buying is compared with renting. Pick a city for its rent and home value forecasts, broken down by ZIP code.
Cities by price-to-rent ratio
| City | Typical rent | Typical list price | Price-to-rent |
|---|---|---|---|
| Detroit, MI | $1,245/mo | $116,000 | 7.8 |
| Philadelphia, PA | $1,475/mo | $189,000 | 10.7 |
| Memphis, TN | $1,370/mo | $176,000 | 10.7 |
| Baltimore, MD | $1,640/mo | $254,000 | 12.9 |
| Indianapolis, IN | $1,430/mo | $231,000 | 13.5 |
| Milwaukee, WI | $1,210/mo | $217,000 | 14.9 |
| Jacksonville, FL | $1,740/mo | $319,000 | 15.3 |
| San Antonio, TX | $1,570/mo | $288,000 | 15.3 |
| Houston, TX | $1,880/mo | $347,000 | 15.4 |
| Columbus, OH | $1,335/mo | $268,000 | 16.7 |
| Louisville, KY | $1,555/mo | $333,000 | 17.8 |
| Nashville, TN | $2,150/mo | $469,000 | 18.2 |
| Chicago, IL | $2,125/mo | $493,000 | 19.3 |
| Fresno, CA | $1,890/mo | $446,000 | 19.7 |
| Tucson, AZ | $1,060/mo | $252,000 | 19.8 |
| New York, NY | $3,690/mo | $893,000 | 20.2 |
| Charlotte, NC | $1,790/mo | $437,000 | 20.3 |
| Sacramento, CA | $2,035/mo | $506,000 | 20.7 |
| Washington, DC | $2,465/mo | $630,000 | 21.3 |
| Boston, MA | $3,050/mo | $805,000 | 22.0 |
| Albuquerque, NM | $1,445/mo | $384,000 | 22.1 |
| Dallas, TX | $1,455/mo | $387,000 | 22.2 |
| Phoenix, AZ | $1,515/mo | $404,000 | 22.2 |
| Las Vegas, NV | $1,790/mo | $502,000 | 23.4 |
| San Diego, CA | $3,190/mo | $907,000 | 23.7 |
| Austin, TX | $1,705/mo | $489,000 | 23.9 |
| Portland, OR | $1,585/mo | $495,000 | 26.0 |
| Denver, CO | $1,895/mo | $639,000 | 28.1 |
| Los Angeles, CA | $2,505/mo | $973,000 | 32.4 |
| Seattle, WA | $1,895/mo | $820,000 | 36.1 |
Rent and home value forecasts by city
- New York, NY: rent forecast · home value forecast
- Los Angeles, CA: rent forecast · home value forecast
- Chicago, IL: rent forecast · home value forecast
- Houston, TX: rent forecast · home value forecast
- Phoenix, AZ: rent forecast · home value forecast
- Philadelphia, PA: rent forecast · home value forecast
- San Antonio, TX: rent forecast · home value forecast
- San Diego, CA: rent forecast · home value forecast
- Dallas, TX: rent forecast · home value forecast
- Austin, TX: rent forecast · home value forecast
- Jacksonville, FL: rent forecast · home value forecast
- Columbus, OH: rent forecast · home value forecast
- Indianapolis, IN: rent forecast · home value forecast
- Charlotte, NC: rent forecast · home value forecast
- Seattle, WA: rent forecast · home value forecast
- Denver, CO: rent forecast · home value forecast
- Washington, DC: rent forecast · home value forecast
- Boston, MA: rent forecast · home value forecast
- Nashville, TN: rent forecast · home value forecast
- Portland, OR: rent forecast · home value forecast
- Las Vegas, NV: rent forecast · home value forecast
- Detroit, MI: rent forecast · home value forecast
- Memphis, TN: rent forecast · home value forecast
- Louisville, KY: rent forecast · home value forecast
- Milwaukee, WI: rent forecast · home value forecast
- Baltimore, MD: rent forecast · home value forecast
- Albuquerque, NM: rent forecast · home value forecast
- Tucson, AZ: rent forecast · home value forecast
- Fresno, CA: rent forecast · home value forecast
- Sacramento, CA: rent forecast · home value forecast
Frequently asked questions
Which of these cities has the lowest price-to-rent ratio?
Detroit, at 7.8: its typical list price equals 7.8 years of typical rent.
Which has the highest?
Seattle, at 36.1.
Where do these numbers come from?
RentCast market data for each city's most populous ZIP codes, counting only ZIPs with at least 20 active listings. Home value forecasts use the FHFA house price index for the same ZIP codes.