Buying pressure may be easing on the income-needed metro indicator, but rates, taxes, insurance, and HOA costs still determine the real rent-vs-buy answer for your budget. 8 of 30 tracked ZIPs (27%) show the current cooling flag. The median tracked ZIP has a home-value-to-annual-rent ratio of 18.3. The median tracked ZIP records about 69 pending homes per 100 new listings.
Key stats
- 8 of 30 tracked ZIPs (27%) show the current cooling flag.
- The median tracked ZIP has a home-value-to-annual-rent ratio of 18.3.
- The median tracked ZIP records about 69 pending homes per 100 new listings.
- The metro income-needed indicator changed -1.87% year over year.
- Tracked ZIP markets
- 30
- Median ZIP home value
- $606,807
- Median ZIP rent
- $2,761
- cooling share
- 8 of 30 tracked ZIPs (27%) show the current cooling flag.
- metro price to rent
- The median tracked ZIP has a home-value-to-annual-rent ratio of 18.3.
- median pending flow
- The median tracked ZIP records about 69 pending homes per 100 new listings.
Miami price-to-rent context
The median tracked ZIP has a home-value-to-annual-rent ratio of 18.3.
The income-needed indicator changed -1.87% year over year.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules