Housing price to rent ratio in the USA 2015-2023 | Statista | Blog

Housing price to rent ratio in the USA 2015-2023 | Statista

Housing price to rent ratio index in the USADecreased in the second half of 2022, indicating a slowdown in housing price growth compared to the increase in rental rates. This was the first decline after a long period of steady growth. Housing prices surged since the onset of the coronavirus pandemic. At the same time, rental rates increased significantly, but at a slower pace.

The house price to rent ratio index measures theThe way housing prices change compared to rental rates is calculated by dividing the median housing price by the median annual rent payment. In this statistic, the values have been normalized so that 100 corresponds to the ratio in 2015.

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Therefore, a value below 100 means that rental rates have increased more than housing prices. Compared to the average across OECD countries, the gap between housing prices and rental payments in the U.S. was wider.

The index of the price-to-rent ratio for housing in the UKcontinued to grow in the second half of 2022, but the growth rate slowed down as the housing market cooled. On the other hand, the index in Germany sharply declined between the second quarter of 2022 and the second quarter of 2023. A similar trend was observed in France.