Use caution before assuming buying is improving; the rent-vs-buy decision needs monthly payment math plus city affordability and ZIP competition context. 57 of 174 tracked ZIPs (33%) show the current cooling flag. The median tracked ZIP has a home-value-to-annual-rent ratio of 21.0. The median tracked ZIP records about 68 pending homes per 100 new listings.
Key stats
- 57 of 174 tracked ZIPs (33%) show the current cooling flag.
- The median tracked ZIP has a home-value-to-annual-rent ratio of 21.0.
- The median tracked ZIP records about 68 pending homes per 100 new listings.
- The metro income-needed indicator changed 2.99% year over year.
- Tracked ZIP markets
- 174
- Median ZIP home value
- $780,921
- Median ZIP rent
- $3,100
- cooling share
- 57 of 174 tracked ZIPs (33%) show the current cooling flag.
- metro price to rent
- The median tracked ZIP has a home-value-to-annual-rent ratio of 21.0.
- median pending flow
- The median tracked ZIP records about 68 pending homes per 100 new listings.
New York price-to-rent context
The median tracked ZIP has a home-value-to-annual-rent ratio of 21.0.
The income-needed indicator changed 2.99% year over year.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules