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Rent vs Buy: What the Numbers Show In Your City

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 –

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4 responses to “Rent vs Buy: What the Numbers Show In Your City”

  1. […] UPDATE: Great infographic from CreditSesame on Rent vs. Buy Ratios in your city, click here. […]

  2.'/ Eric Wolff says:

    When you say median rent, is that median house rent? Where did you get data on houses? Or is that apartments?

  3.'/ Aleksandra Todorova says:

    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:

  4. […] June 23rd, 2011 categories: Real Estate News via […]

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