Home Price-to-Rent Ratio

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

22.7x76th percentile
1M: ↓ 0.0x

As of 2026-07-01 · Updated October 20, 2026

Geography:

What it means

  • Compares the price of a typical home to a year of rent for a similar place.
  • Below 15: home prices are low relative to rents. 15–20: a typical range. Above 20: home prices are high relative to rents.
  • Anchored to a $400K home and $2,000/month rent in Jan 2000, then scaled forward by the Case-Shiller home price index and the CPI rent index.
Data Sources