Then, check rental listings in that area to get a feel for what
the average rent price is for different types of properties.
An earlier version of this story misstated the increase in monthly rent that would be paid on a 1,500 - square - foot office based on a recent uptick in
average rent price.
Not exact matches
They took into account
average prices for
rent, groceries, utilities, transportation, and health care.
Average home
price (2016): $ 349,549
Average income to home
price: 4.4 5 - year annual ROI: 2.5 %
Average 5 - year
rent increase: 11.9 % Previous year's unemploment rate (2015): 8.4 % Get more details on Montréal's real estate market.
We've also included the
average monthly mortgage payment, monthly
rent, and home
price, from SmartAsset's report:
Average home
price (2014): $ 387,492 Time to buy in years: 3.7 5 - year
price appreciation: 3.7 %
Average 5 - year
rent increase: 13 % Previous year's unemployment rate (2013): 7.9 % Get more details on Durham / Oshawa's housing market.
Average home
price (2014): $ 338,624 Time to buy in years: 3.7 5 - year
price appreciation: 5.7 %
Average 5 - year
rent increase: 16 % Previous year's unemployment rate (2013): 5.8 % Get more details on Barrie's housing market.
Average home
price (2014): $ 357,569 Time to buy in years: 3.7 5 - year
price appreciation: 5.7 %
Average 5 - year
rent increase: 12 % Previous year's unemployment rate (2013): 6.7 % Get more details on Guelph's housing market.
Average home
price (2014): $ 275,622 Time to buy in years: 3.4 5 - year
price appreciation: 5.0 %
Average 5 - year
rent increase: 14 % Previous year's unemployment rate (2013): 6 % Get more details on Brantford's housing market.
Average home
price (2014): $ 405,619 Time to buy in years: 4.4 5 - year
price appreciation: 6.7 %
Average 5 - year
rent increase: 15 % Previous year's unemployment rate (2013): 6 % Get more details on Hamilton's housing market.
Average home
price (2014): $ 459,980 Time to buy in years: 3.7 5 - year
price appreciation: 4.6 %
Average 5 - year
rent increase: 22 % Previous year's unemployment rate (2013): 5.5 % Get more details on Calgary housing market.
Average home
price (2014): $ 314,319 Time to buy in years: 3.3 5 - year
price appreciation: 4.4 %
Average 5 - year
rent increase: 30 % Previous year's unemployment rate (2013): 2.8 % Get more details on Regina's housing market.
Average home
price (2016): $ 528,475
Average income to home
price: 4.9 5 - year annual ROI: 10.9 %
Average 5 - year
rent increase: 21.5 % Previous year's unemploment rate (2015): 7.6 % Get more details on Durham / Oshawa's real estate market.
Average home
price (2016): $ 180,904
Average income to home
price: 2.5 5 - year annual ROI: 0.4 %
Average 5 - year
rent increase: 9.1 % Previous year's unemploment rate (2015): 8.0 % Get more details on Saguenay's real estate market.
Average home
price (2016): $ 490,486
Average income to home
price: 5.2 5 - year annual ROI: 8.0 %
Average 5 - year
rent increase: 20.9 % Previous year's unemploment rate (2015): 5.5 % Get more details on Hamilton's real estate market.
Average home
price (2016): $ 325,795
Average income to home
price: 3.9 5 - year annual ROI: 5.1 %
Average 5 - year
rent increase: 10.8 % Previous year's unemploment rate (2015): 7.6 % Get more details on Peterborough's real estate market.
Average home
price (2016): $ 335,584
Average income to home
price: 4.0 5 - year annual ROI: 7.0 %
Average 5 - year
rent increase: 18.5 % Previous year's unemploment rate (2015): 5.8 % Get more details on Brantford's real estate market.
Average home
price (2016): $ 342,342
Average income to home
price: 4.3 5 - year annual ROI: 7.0 %
Average 5 - year
rent increase: 17.2 % Previous year's unemploment rate (2015): 6.8 % Get more details on St. Catharines — Niagara's real estate market.
In Brooklyn, people on
average would spend 67.4 percent of their pay on
rent, but buying the median
priced home at $ 640,000 would require 110.9 percent of pay.
Today, the
average home -
price - to -
rent ratio is at its highest level on record, which means
renting may actually be more affordable than paying a mortgage.
To answer that question, SmartAsset gathered data on
average rents and home
prices, and compared buying to
renting in every county in America.
If rising
prices move these ratios above their long - run
averages, then either incomes or
rents are likely to rise, or house
prices to fall.
Another strong sign is that
average sales
prices and
rents were up in 1997 — a 14.3 percent rise in
average sales
price and a 9.6 percent rise in
average rent, according to the National Real Estate Index, published by CB Richard Ellis in association with E&Y Kenneth Leventhal Real Estate Group.
[6] Zillow data shows that
rent prices rose 11 % nationally between January 2012, when
prices averaged $ 1,227, and March 2015, when
prices hit $ 1,362.
Jacksonville, Florida has a combination of low
prices and high
rents that creates the cash flow opportunity which allows our clients to earn above -
average returns.
According to the latest quarterly Rental
Price Report by Ireland property website Daft.ie, residential
rents in Ireland rose nationwide by an
average of 13.4 % in the year to March 2017.
As home
prices have continued to creep higher in the area,
average rents for single - family homes in Denton County are not as strong.
Most Brooklyn neighborhoods experienced an increase in the
average price per square foot for mixed - use assets as investors anticipate the potential for strong retail
rent growth.
The S&P CoreLogic Case - Shiller National Home
Price Index rose 6.2 % in January from the same month a year earlier, while the
average apartment
rent increased a more manageable 3.9 % in the first quarter from a year earlier, according to real - estate research firm Reis Inc. -LRB-...)
The Economist calculates that Australian house
prices are overvalued 24 times against
average personal disposable income and 44 times against
rents.
If you compare home
prices and
rent prices in Jacksonville to the nation, the home
price is 21 % less and
rents are 4 % above the national
average.
Finally, Will Dunning, the chief economist at the Canadian Association of Accredited Mortgage Professionals, set out to dismantle the oft - cited claim that the
price - to -
rent ratio in Canada is 88 per cent higher than its long - term
average.
The Downtown market was the only one to see a decline in asking
rents, with
average prices falling by $ 0.11 per foot to $ 44.85 per square foot.
You can often
rent a small house or condo for the
price of an
average hotel room.
In most places it costs more to
rent than it does to buy and the problem is particularly acute in London, where those on national
average incomes find themselves
priced out to the very end of the Tube line.
Labour's energy
price freeze,
rent controls, guaranteed doctor appointments within 48 hours, lower university fees and a minimum wage linked to
average earnings are all part of that agenda.
With regards to
rent and sale of property owned by private developers, the President bemoaned
prices are too high for the
average Ghanaian, encouraging private sector investment in cheaper housing for people from varying economic divides.
«In this economic environment, with the
average rent - regulated family earning only $ 38,000 per year, we need better
rent laws to protect these families from landlord
price - gouging.
[1] To represent the median
rent, NCTQ uses the average Zillow Rent Index of the Median Rent List Price for a one bedroom apartment for the county where the district is located from 2011 to 2
rent, NCTQ uses the
average Zillow
Rent Index of the Median Rent List Price for a one bedroom apartment for the county where the district is located from 2011 to 2
Rent Index of the Median
Rent List Price for a one bedroom apartment for the county where the district is located from 2011 to 2
Rent List
Price for a one bedroom apartment for the county where the district is located from 2011 to 2015.
The
average price for buying was $ 9.99, while
renting was a paltry $ 2.99.
Its
average home
price is $ 151,905 and
average rent per month is $ 904.
The city's population has grown by 14.7 percent since 2008, with the
average housing
price at $ 282,438, and the
average rent per month at just $ 1,124.
The
average home
price in Richmond is increasing rapidly, at $ 272,456 but the
average rent is only $ 857.
St. Louis»
average home
price is $ 197,069 and the
average monthly
rent is $ 844, though it can be substantially lower than that in certain parts of the surrounding County.
Average home
price (2016): $ 349,549
Average income to home
price: 4.4 5 - year annual ROI: 2.5 %
Average 5 - year
rent increase: 11.9 % Previous year's unemployment rate (2015): 8.4 % Get more details on Montréal's real estate market.
Average home
price (2016): $ 245,149
Average income to home
price: 2.3 5 - year annual ROI: 1.1 %
Average 5 - year
rent increase: 6.9 % Previous year's unemployment rate (2015): 7.2 % Get more details on Gatineau's real estate market.
Average home
price (2016): $ 463,047
Average income to home
price: 3.4 5 - year annual ROI: 2.8 %
Average 5 - year
rent increase: 20.9 % Previous year's unemployment rate (2015): 6.2 % Get more details on Calgary's real estate market.
Average home
price (2016): $ 387,235
Average income to home
price: 4.0 5 - year annual ROI: 5.2 %
Average 5 - year
rent increase: 20.9 % Previous year's unemployment rate (2015): 5.8 % Get more details on Kitchener — Cambridge — Waterloo's real estate market.
My fiance and I live in a town where
rent prices are outrageous compared to the
average salaries.
Average home
price (2016): $ 528,475
Average income to home
price: 4.9 5 - year annual ROI: 10.9 %
Average 5 - year
rent increase: 21.5 % Previous year's unemployment rate (2015): 7.6 % Get more details on Durham / Oshawa's real estate market.