The “price-to-rent” ratio can help you decide whether it is better financially to rent or buy a home in a specific area. A ratio of more than 16 means renting is better than buying…ratios below 16 favor buying over renting. Among the 20 large cities with the highest price-to-rent ratios, 15 are in California–led by Sunnyvale with a ratio of 39.31.
While these ratios can exceed 16 for homes inside the Austin city limits, it is easy to find homes below this threshold in most of the area suburbs. Contact the Thomas & Kauffman Team today so we can help you buy a home in the Austin metro area – (512) 730-1252 or info@AustinTxHomeSales.com.