Use caution before assuming buying is improving; the rent-vs-buy decision needs monthly payment math plus city affordability and ZIP competition context. 18 of 56 tracked ZIPs (32%) show the current cooling flag. The median tracked ZIP has a home-value-to-annual-rent ratio of 15.1. The median tracked ZIP records about 82 pending homes per 100 new listings.
Key stats
- 18 of 56 tracked ZIPs (32%) show the current cooling flag.
- The median tracked ZIP has a home-value-to-annual-rent ratio of 15.1.
- The median tracked ZIP records about 82 pending homes per 100 new listings.
- The metro income-needed indicator changed 3.25% year over year.
- Tracked ZIP markets
- 56
- Median ZIP home value
- $340,167
- Median ZIP rent
- $1,883
- cooling share
- 18 of 56 tracked ZIPs (32%) show the current cooling flag.
- metro price to rent
- The median tracked ZIP has a home-value-to-annual-rent ratio of 15.1.
- median pending flow
- The median tracked ZIP records about 82 pending homes per 100 new listings.
Chicago price-to-rent context
The median tracked ZIP has a home-value-to-annual-rent ratio of 15.1.
The income-needed indicator changed 3.25% year over year.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules