The price-to-rent ratio measures the relative affordability of renting and buying in a given housing market. It’s a good factor to consider if you’re deciding whether to rent or buy. It’s especially useful if you’re considering a move, because it allows you to see what prices look like in your new city. As a general rule, a lower price-to-rent ratio indicates that a place is more favorable to homebuyers. A higher ratio indicates a better environment for renters.

A financial advisor can help you put a financial plan together for your home buying needs and goals.

参考译文：房价租金比衡量特定住房市场中租房和购买的相对负担能力。如果您决定是租还是买，这是一个很好的考虑因素。如果您正在考虑搬家，它特别有用，因为它可以让您了解您的新城市的价格。一般来说，较低的房价租金比表明一个地方对购房者更有利。较高的比率表明租房者的环境更好。

财务顾问可以帮助您针对您的购房需求和目标制定财务计划。

How to Calculate Price-to-Rent Ratio 如何计算价格租金比 

To calculate the price-to-rent ratio, we used the following equation:

Median Home Value ÷ Median Annual Rent = Price-to-Rent Ratio

Our data comes from the U.S. Census Bureau, which provides median home values and median monthly rent. As a simple example of the how the formula works, consider Phoenix, Arizona. Phoenix has a median home value of $266,600 and a median annual rent of $13,284. So its price-to-rent ratio is 20.07, which you get by dividing $13,284 into $266,600.

参考译文：为了计算价格与租金的比率，我们使用了以下等式： 房屋价值中位数÷年租金中位数=价格租金比 我们的数据来自美国人口普查局，它提供房屋价值中值和月租金中值。作为公式如何工作的一个简单示例，以亚利桑那州凤凰城为例。凤凰城的房价中位数为 266,600 美元，年租金中位数为 13,284 美元。所以它的房价租金比是 20.07，你可以将 13,284 美元除以 266,600 美元得到。

Price-to-Rent Ratio by City 各城市的房价租金比

To help you in your renting and buying decisions, we found the price-to-rent ratio in the 50 largest U.S. cities. Median home value data comes from the Census Bureau’s 2019 1-year Community Survey. Note that these home values are just projections. Actual home values will vary based on other factors such as proximity to commercial centers, access to transit and home size. Rentals tend to be smaller (and therefore less expensive) than for-sale properties, so these values may overestimate true market prices.

The cities with the highest price-to-rent ratios are San Francisco, Oakland and New York. That means they’re the least friendly to homebuyers (since home values are significantly higher than what you’d pay in rent). At the other end of the spectrum are cities like Detroit, Memphis and Milwaukee. These markets are very favorable to homebuyers, with ratios below 13.

参考译文：

为了帮助您做出租房和购买决策，我们找到了美国 50 个最大城市的房价租金比。房屋价值中位数数据来自人口普查局的 2019 年 1 年社区调查。请注意，这些房屋价值只是预测。实际房屋价值将根据其他因素而有所不同，例如靠近商业中心、交通便利和房屋大小。与待售物业相比，租金往往更小（因此更便宜），因此这些价值可能会高估真实的市场价格。

房价租金比最高的城市是旧金山、奥克兰和纽约。这意味着他们对购房者最不友好（因为房屋价值明显高于您支付的租金）。另一端是底特律、孟菲斯和密尔沃基等城市。这些市场对购房者非常有利，比率低于 13。