Since the beginning of 2020, the house price to rent ratio has increased dramatically in the United States. In the fourth quarter of 2021, the house price to rent ratio in the United States equaled 134.7, up by about 17 percent from the fourth quarter of 2020.
House price to rent ratio
The house-price-to-rent-ratio measures the evolution of house prices compared to rents. It is calculated by dividing the median house price by the median annual rent. In this statistic, the values have been normalized with 100 equaling the 2015 ratio. Consequentially, a value under 100 means that rental rates have risen more than house prices. Compared to the OECD countries average, the gap between house prices and rents in the United States was wider.
Ratio in different countries
The house price to rent ratio followed a similar trend in the United Kingdom, despite the ratio seeing a slight decrease in the second quarter of 2020. In Germany and the Netherlands, however, growth was uninterrupted by the pandemic.
House price to rent ratio in the United States from 1st quarter 2015 to 4th quarter 2021
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OECD. (May 10, 2022). House price to rent ratio in the United States from 1st quarter 2015 to 4th quarter 2021 [Graph]. In Statista. Retrieved May 28, 2022, from https://www.statista.com/statistics/591978/house-price-to-rent-ratio-usa/
OECD. "House price to rent ratio in the United States from 1st quarter 2015 to 4th quarter 2021." Chart. May 10, 2022. Statista. Accessed May 28, 2022. https://www.statista.com/statistics/591978/house-price-to-rent-ratio-usa/
OECD. (2022). House price to rent ratio in the United States from 1st quarter 2015 to 4th quarter 2021. Statista. Statista Inc.. Accessed: May 28, 2022. https://www.statista.com/statistics/591978/house-price-to-rent-ratio-usa/
OECD. "House Price to Rent Ratio in The United States from 1st Quarter 2015 to 4th Quarter 2021." Statista, Statista Inc., 10 May 2022, https://www.statista.com/statistics/591978/house-price-to-rent-ratio-usa/
OECD, House price to rent ratio in the United States from 1st quarter 2015 to 4th quarter 2021 Statista, https://www.statista.com/statistics/591978/house-price-to-rent-ratio-usa/ (last visited May 28, 2022)