Rent vs Buy by State — 2025
State-level aggregated rent vs buy data. Click a state to see individual cities.
| State | Cities | Avg Rent | Avg Home Price | Avg P/R Ratio | Avg Breakeven | Verdict |
|---|---|---|---|---|---|---|
| MI | 1 | $1,300/mo | $200K | 13x | 5 yrs | Buy |
| PA | 1 | $1,300/mo | $220K | 14x | 6 yrs | Buy |
| AL | 1 | $1,200/mo | $200K | 14x | 6 yrs | Buy |
| OH | 3 | $1,333/mo | $243K | 15x | 7 yrs | Neutral |
| MO | 2 | $1,350/mo | $245K | 15x | 7 yrs | Neutral |
| WI | 1 | $1,200/mo | $220K | 15x | 7 yrs | Neutral |
| OK | 2 | $1,150/mo | $205K | 15x | 7 yrs | Neutral |
| IL | 1 | $1,800/mo | $350K | 16x | 9 yrs | Neutral |
| KY | 1 | $1,300/mo | $250K | 16x | 8 yrs | Neutral |
| NE | 1 | $1,300/mo | $250K | 16x | 8 yrs | Neutral |
| TX | 6 | $1,567/mo | $325K | 17x | 9 yrs | Neutral |
| MN | 1 | $1,600/mo | $330K | 17x | 9 yrs | Neutral |
| IN | 1 | $1,400/mo | $280K | 17x | 8 yrs | Neutral |
| TN | 2 | $1,400/mo | $300K | 18x | 9 yrs | Neutral |
| NC | 2 | $1,700/mo | $365K | 18x | 10 yrs | Neutral |
| GA | 1 | $1,800/mo | $380K | 18x | 9 yrs | Neutral |
| NM | 1 | $1,300/mo | $280K | 18x | 9 yrs | Neutral |
| VA | 2 | $1,650/mo | $345K | 18x | 9 yrs | Neutral |
| FL | 4 | $1,950/mo | $420K | 19x | 10 yrs | Neutral |
| AZ | 2 | $1,500/mo | $335K | 19x | 10 yrs | Neutral |
| NY | 2 | $2,200/mo | $505K | 20x | 11 yrs | Neutral |
| NV | 1 | $1,700/mo | $400K | 20x | 10 yrs | Neutral |
| CO | 1 | $2,200/mo | $550K | 21x | 12 yrs | Rent |
| ID | 1 | $1,700/mo | $420K | 21x | 11 yrs | Rent |
| MA | 1 | $2,900/mo | $750K | 22x | 14 yrs | Rent |
| OR | 1 | $1,900/mo | $500K | 22x | 13 yrs | Rent |
| DC | 1 | $2,500/mo | $650K | 22x | 13 yrs | Rent |
| UT | 1 | $1,900/mo | $500K | 22x | 13 yrs | Rent |
| WA | 1 | $2,400/mo | $700K | 24x | 14 yrs | Rent |
| CA | 4 | $2,800/mo | $868K | 25x | 16 yrs | Rent |