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Rent vs Buy by State

Compare housing affordability across all 48 U.S. states. Each state shows the average price-to-rent ratio, median home price, and average rent across its cities — helping you identify which states favor buying and which favor renting.

48states analyzed
10buy-favored states
8rent-favored states

Alabama

8 cities analyzed

Neutral
$302K
Avg price
$2K/mo
Avg rent
16.7×
PTR
BirminghamGulf ShoresHooverHuntsville+4 more

Alaska

1 city analyzed

Neutral
$420K
Avg price
$2K/mo
Avg rent
16.7×
PTR
Anchorage

Arizona

24 cities analyzed

Rent-Favored
$338K
Avg price
$1K/mo
Avg rent
20.4×
PTR
BuckeyeCatalina FoothillsChandlerGilbert+20 more

Arkansas

7 cities analyzed

Neutral
$323K
Avg price
$2K/mo
Avg rent
16.7×
PTR
Bella VistaBentonvilleFayettevilleFort Smith+3 more

California

60 cities analyzed

Rent-Favored
$731K
Avg price
$2K/mo
Avg rent
28.8×
PTR
AnaheimApple ValleyBakersfieldCarlsbad+56 more

Colorado

20 cities analyzed

Rent-Favored
$497K
Avg price
$2K/mo
Avg rent
21.7×
PTR
ArvadaAuroraBoulderBroomfield+16 more

Connecticut

4 cities analyzed

Neutral
$463K
Avg price
$2K/mo
Avg rent
16.7×
PTR
BridgeportNorwalkStamfordWaterbury

Delaware

1 city analyzed

Neutral
$259K
Avg price
$1K/mo
Avg rent
16.7×
PTR
Wilmington

Florida

70 cities analyzed

Neutral
$364K
Avg price
$2K/mo
Avg rent
16.5×
PTR
ApopkaBoca RatonBonita SpringsBoynton Beach+66 more

Georgia

7 cities analyzed

Neutral
$323K
Avg price
$2K/mo
Avg rent
16.7×
PTR
AtlantaAugusta-Richmond CountyAugusta-Richmond County consolidated government (balance)Sandy Springs+3 more

Hawaii

1 city analyzed

Rent-Favored
$525K
Avg price
$2K/mo
Avg rent
23.3×
PTR
Honolulu

Idaho

6 cities analyzed

Neutral
$459K
Avg price
$2K/mo
Avg rent
16.7×
PTR
BoiseCaldwellCoeur d'AleneKuna+2 more

Illinois

11 cities analyzed

Buy-Favored
$193K
Avg price
$1K/mo
Avg rent
13.8×
PTR
AuroraBloomingtonChicagoDecatur+7 more

Indiana

10 cities analyzed

Buy-Favored
$361K
Avg price
$2K/mo
Avg rent
14.0×
PTR
CarmelEvansvilleFishersFort Wayne+6 more

Iowa

8 cities analyzed

Buy-Favored
$286K
Avg price
$2K/mo
Avg rent
13.3×
PTR
AnkenyCedar RapidsCouncil BluffsDavenport+4 more

Kansas

6 cities analyzed

Buy-Favored
$282K
Avg price
$2K/mo
Avg rent
13.3×
PTR
Kansas CityLenexaOlatheOverland Park+2 more

Kentucky

3 cities analyzed

Neutral
$339K
Avg price
$2K/mo
Avg rent
16.7×
PTR
GeorgetownLexingtonLexington-Fayette

Louisiana

5 cities analyzed

Neutral
$242K
Avg price
$1K/mo
Avg rent
16.7×
PTR
Baton RougeLafayetteMetairieNew Orleans+1 more

Maryland

6 cities analyzed

Neutral
$411K
Avg price
$2K/mo
Avg rent
16.7×
PTR
BaltimoreColumbiaDundalkFrederick+2 more

Massachusetts

7 cities analyzed

Rent-Favored
$504K
Avg price
$2K/mo
Avg rent
20.2×
PTR
BostonHaverhillNewtonPlymouth+3 more

Michigan

12 cities analyzed

Buy-Favored
$237K
Avg price
$3K/mo
Avg rent
5.9×
PTR
Ann ArborBattle CreekDearbornDetroit+8 more

Minnesota

9 cities analyzed

Buy-Favored
$357K
Avg price
$2K/mo
Avg rent
13.3×
PTR
BloomingtonBrooklyn ParkLakevilleMaple Grove+5 more

Mississippi

1 city analyzed

Neutral
$191K
Avg price
$954/mo
Avg rent
16.7×
PTR
Gulfport

Missouri

13 cities analyzed

Neutral
$324K
Avg price
$2K/mo
Avg rent
15.3×
PTR
Blue SpringsColumbiaIndependenceJoplin+9 more

Montana

1 city analyzed

Neutral
$370K
Avg price
$2K/mo
Avg rent
16.7×
PTR
Billings

Nebraska

2 cities analyzed

Buy-Favored
$293K
Avg price
$2K/mo
Avg rent
13.3×
PTR
LincolnOmaha

Nevada

9 cities analyzed

Neutral
$421K
Avg price
$2K/mo
Avg rent
17.5×
PTR
EnterpriseHendersonLas VegasNorth Las Vegas+5 more

New Hampshire

2 cities analyzed

Neutral
$470K
Avg price
$2K/mo
Avg rent
16.7×
PTR
ManchesterNashua

New Jersey

3 cities analyzed

Neutral
$577K
Avg price
$3K/mo
Avg rent
16.7×
PTR
Jersey CityNewarkToms River

New Mexico

2 cities analyzed

Neutral
$450K
Avg price
$2K/mo
Avg rent
16.7×
PTR
Las CrucesSanta Fe

New York

10 cities analyzed

Neutral
$498K
Avg price
$2K/mo
Avg rent
17.1×
PTR
AlbanyAmherstBuffaloCheektowaga+6 more

North Carolina

21 cities analyzed

Neutral
$370K
Avg price
$2K/mo
Avg rent
17.5×
PTR
ApexAshevilleCaryCharlotte+17 more

North Dakota

1 city analyzed

Neutral
$323K
Avg price
$2K/mo
Avg rent
16.7×
PTR
Bismarck

Ohio

10 cities analyzed

Buy-Favored
$174K
Avg price
$1K/mo
Avg rent
10.6×
PTR
AkronCincinnatiClevelandColumbus+6 more

Oklahoma

6 cities analyzed

Neutral
$270K
Avg price
$1K/mo
Avg rent
16.7×
PTR
Broken ArrowEdmondMooreNorman+2 more

Oregon

7 cities analyzed

Rent-Favored
$475K
Avg price
$2K/mo
Avg rent
23.3×
PTR
BeavertonBendEugeneGresham+3 more

Pennsylvania

5 cities analyzed

Buy-Favored
$220K
Avg price
$2K/mo
Avg rent
12.1×
PTR
AllentownEriePhiladelphiaPittsburgh+1 more

Rhode Island

2 cities analyzed

Neutral
$445K
Avg price
$2K/mo
Avg rent
16.7×
PTR
ProvidenceWarwick

South Carolina

11 cities analyzed

Neutral
$366K
Avg price
$2K/mo
Avg rent
17.5×
PTR
BlufftonCharlestonGoose CreekGreenville+7 more

South Dakota

2 cities analyzed

Neutral
$330K
Avg price
$2K/mo
Avg rent
16.7×
PTR
Rapid CitySioux Falls

Tennessee

12 cities analyzed

Neutral
$459K
Avg price
$2K/mo
Avg rent
17.1×
PTR
ClarksvilleColumbiaFranklinGallatin+8 more

Texas

50 cities analyzed

Neutral
$257K
Avg price
$1K/mo
Avg rent
18.4×
PTR
AbileneAllenAmarilloArlington+46 more

Utah

9 cities analyzed

Neutral
$499K
Avg price
$2K/mo
Avg rent
16.7×
PTR
Eagle MountainLehiOgdenSalt Lake City+5 more

Virginia

13 cities analyzed

Neutral
$383K
Avg price
$2K/mo
Avg rent
16.7×
PTR
AlexandriaArlingtonChesapeakeHampton+9 more

Washington

12 cities analyzed

Rent-Favored
$508K
Avg price
$2K/mo
Avg rent
24.6×
PTR
AuburnBellevueEverettKennewick+8 more

Washington D.C.

1 city analyzed

Rent-Favored
$700K
Avg price
$3K/mo
Avg rent
23.3×
PTR
Washington, DC

Wisconsin

7 cities analyzed

Buy-Favored
$339K
Avg price
$2K/mo
Avg rent
13.3×
PTR
Green BayJanesvilleKenoshaMadison+3 more

Wyoming

2 cities analyzed

Neutral
$349K
Avg price
$2K/mo
Avg rent
16.7×
PTR
CasperCheyenne

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