Home Price-to-Rent Ratio

Home price divided by annual rent — above 20x suggests renting is more favorable

22.7x76th percentile
1M: ↑ 0.1x

As of 2026-06-01 · Updated September 4, 2026

Geography:

What it means

  • The price-to-rent ratio divides the estimated home price by annual rent.
  • Below 15x: home prices are low relative to rents. 15–20x: moderate range. Above 20x: home prices are high relative to rents.
  • Anchored to $400k home / $2k monthly rent at Jan 2000, then scaled by Case-Shiller and CPI Rent indices.
Data Sources