4 ms·
The HCOLA house my wife owns in which we live would rent for ~5,000 a month as it is inside our respective city beltway, in a good school district, in a low cri
by OrvalWintermute 4y ago
The HCOLA house my wife owns in which we live would rent for ~5,000 a month as it is inside our respective city beltway, in a good school district, in a low crime, historic area. When we got married $5,000 is pretty close to our much smaller apartment rental costs, summed. The vacancy rate is pretty low, and the demand is strong.
Like all real estate calculations though, this is completely local.
- refurb 4y agoJust look at the price to rent index - 15 to 16 is neutral (renting and owning cost the same). San Francisco is currently 52. In HCOL areas, renting tends to be cheaper than owning because home price reflect not only cash flow, but expected appreciation as well. https://smartasset.com/mortgage/price-to-rent-ratio-in-us-cities https://smartasset.com/mortgage/price-to-rent-ratio-in-us-ci...