Rent vs Buy: What the Numbers Show In Your City

on June 16, 2011
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With housing prices now down to 2002 levels throughout most of the country, many people who previously shied away from real estate are now thinking of locking in a deal. Not so fast! While affordability has certainly improved in many areas, prices in others remain high when compared to pre-bubble long-term averages. To visualize home affordability throughout the country, we compare price-to-rent ratios in various metro areas to where they were at the peak of the bubble (2006), as well as their long-term pre-bubble average (1989 to 2003).


Mortgages – CreditSesame.com

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Comments

  1. To Rent or To Buy? 8 Questions You Should Ask Yourself | Mango Blog , 8:23 am
    [...] UPDATE: Great infographic from CreditSesame on Rent vs. Buy Ratios in your city, click here. [...]
  2. Eric Wolff , 3:35 pm
    When you say median rent, is that median house rent? Where did you get data on houses? Or is that apartments?
  3. Aleksandra Todorova , 10:17 am
    Hi Eric, the data comes from Moody's Analyitics. It refers to median rent in the respective area. The report is not available online, but you can see more coverage from NPR: http://www.npr.org/blogs/money/2011/04/14/135380539/should-you-rent-or-buy-contd
  4. Columbus Home Blog » Rent or Buy? | Credit Sesame Blog , 9:14 am
    [...] June 23rd, 2011 categories: Real Estate News via creditsesame.com [...]
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