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. 14 of 22 tracked ZIPs (64%) show the current cooling flag. The median tracked ZIP has a home-value-to-annual-rent ratio of 29.8. The median tracked ZIP records about 69 pending homes per 100 new listings.
Key stats
- 14 of 22 tracked ZIPs (64%) show the current cooling flag.
- The median tracked ZIP has a home-value-to-annual-rent ratio of 29.8.
- The median tracked ZIP records about 69 pending homes per 100 new listings.
- The metro income-needed indicator changed -2.79% year over year.
- Tracked ZIP markets
- 22
- Median ZIP home value
- $815,787
- Median ZIP rent
- $2,279
- cooling share
- 14 of 22 tracked ZIPs (64%) show the current cooling flag.
- metro price to rent
- The median tracked ZIP has a home-value-to-annual-rent ratio of 29.8.
- median pending flow
- The median tracked ZIP records about 69 pending homes per 100 new listings.
Seattle price-to-rent context
The median tracked ZIP has a home-value-to-annual-rent ratio of 29.8.
The income-needed indicator changed -2.79% year over year.
Sources and method
- HomeMarketCap.com data sources: ZIP and metro housing-market datasets
- HomeMarketCap.com methodology: calculation and missing-data rules