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The price-rent ratio is a great way to compare the costs of buying and renting both within a city and is useful to compare against other cities as well. Technically it is the average cost of ownership divided by the received rent income if buying to let. The formula is House Price / (Monthly Rent x 12).

Atlanta, GA

Home Price-Rent Ratio

Metric economists use this to compare housing affordability of different markets

13:1

Low Home Price-Rent Ratio

High Home Price-Rent Ratio

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