To calculate the price - rent ratio, you should take the median purchase price of a property in your area and divide this median number to 12 times the median rental price. (mortgagecalculator.biz)
A traditional loan will require a report that supports the sales price of a property by comparing recent home sales in the area with the subject property. (civicfs.com)
Please note that each point on this chart demonstrates the average sold price of the properties in a given period. (hiva.ca)