December 9, 2008

Mortgage / Rent ratios for metro areas in 2007

The relationship between rent costs and home values varies a lot from city to city. You would think that the ratio of home values / rents would be fairly consistent, but it isn't. If home values are very high then mortgages can be a lot more expensive than renting. Rents don't seem to go up as fast as home values in general.

In general if the ratio of mortgage payment / rent is very high then buying is less of a good idea and vice versa if the ratio is very low then it makes more sense to buy. If its a lot cheaper to rent a home then it might be a better solution than buying. If I could rent a home for $500 a month and the mortgage would cost $3000 then it seems clear that I'd be better off renting and pocketing the $2500 monthly difference. On the other hand if a mortgage is only $500 a month and rent is $600 a month then buying should be to your advantage.

In the tables below I list the median gross rent and the median home value for metro / micro areas. I then calculate an estimate of the mortgage payment. I do that by assuming that a 30 year fixed loan and 6% interest resulting in a mortgage payment of $600 monthly. Then given the estimated mortgage payment I figure the ratio of mortgage payment / monthly rent.

The data is all from the 2007 version of the Census American Community Survey data.

Top 10 metros with the HIGHEST mortgage / rent ratios:


Median Gross Rent Median Home value Estimated mortgage Mortgage / Rent ratio
Santa Cruz-Watsonville, CA Metro Area $ 1,159 $756,800 $ 4,541 3.92
Salinas, CA Metro Area $ 1,061 $658,700 $ 3,952 3.72
San Francisco-Oakland-Fremont, CA Metro Area $ 1,210 $706,100 $ 4,237 3.50
San Jose-Sunnyvale-Santa Clara, CA Metro Area $ 1,314 $754,400 $ 4,526 3.44
Napa, CA Metro Area $ 1,152 $643,400 $ 3,860 3.35
Los Angeles-Long Beach-Santa Ana, CA Metro Area $ 1,101 $612,700 $ 3,676 3.34
San Luis Obispo-Paso Robles, CA Metro Area $ 1,071 $578,900 $ 3,473 3.24
Santa Barbara-Santa Maria-Goleta, CA Metro Area $ 1,205 $641,800 $ 3,851 3.20
Santa Rosa-Petaluma, CA Metro Area $ 1,171 $613,900 $ 3,683 3.15
Oxnard-Thousand Oaks-Ventura, CA Metro Area $ 1,326 $641,300 $ 3,848 2.90

10 metro areas with the LOWEST mortgage / rent ratios:


Median Gross Rent Median Home value Estimated mortgage Mortgage / Rent ratio
Abilene, TX Metro Area $ 668 $ 75,900 $ 455 0.68
Pine Bluff, AR Metro Area $ 573 $ 69,500 $ 417 0.73
McAllen-Edinburg-Mission, TX Metro Area $ 567 $ 69,700 $ 418 0.74
Danville, IL Metro Area $ 590 $ 73,000 $ 438 0.74
Odessa, TX Metro Area $ 568 $ 70,300 $ 422 0.74
San Angelo, TX Metro Area $ 667 $ 84,300 $ 506 0.76
Beaumont-Port Arthur, TX Metro Area $ 648 $ 83,600 $ 502 0.77
Wichita Falls, TX Metro Area $ 643 $ 84,800 $ 509 0.79
Lubbock, TX Metro Area $ 729 $ 96,500 $ 579 0.79
Corpus Christi, TX Metro Area $ 733 $ 99,500 $ 597 0.81

All 373 Metro areas


Median Gross Rent Median Home value Estimated Mortgage Mortgage / Rent ratio
Abilene, TX Metro Area $ 668 $ 75,900 $ 455 0.68
Akron, OH Metro Area $ 707 $ 147,000 $ 882 1.25
Albany, GA Metro Area $ 569 $ 99,500 $ 597 1.05
Albany-Schenectady-Troy, NY Metro Area $ 779 $ 184,600 $ 1,108 1.42
Albuquerque, NM Metro Area $ 679 $ 180,400 $ 1,082 1.59
Alexandria, LA Metro Area $ 629 $ 97,900 $ 587 0.93
Allentown-Bethlehem-Easton, PA-NJ Metro Area $ 779 $ 215,400 $ 1,292 1.66
Altoona, PA Metro Area $ 568 $ 96,200 $ 577 1.02
Amarillo, TX Metro Area $ 616 $ 101,900 $ 611 0.99
Ames, IA Metro Area $ 668 $ 156,500 $ 939 1.41
Anchorage, AK Metro Area $ 964 $ 261,900 $ 1,571 1.63
Anderson, IN Metro Area $ 579 $ 97,200 $ 583 1.01
Anderson, SC Metro Area $ 607 $ 111,900 $ 671 1.11
Ann Arbor, MI Metro Area $ 827 $ 230,800 $ 1,385 1.67
Anniston-Oxford, AL Metro Area $ 553 $ 94,200 $ 565 1.02
Appleton, WI Metro Area $ 640 $ 150,600 $ 904 1.41
Asheville, NC Metro Area $ 659 $ 183,900 $ 1,103 1.67
Athens-Clarke County, GA Metro Area $ 692 $ 165,000 $ 990 1.43
Atlanta-Sandy Springs-Marietta, GA Metro Area $ 877 $ 194,700 $ 1,168 1.33
Atlantic City, NJ Metro Area $ 915 $ 271,900 $ 1,631 1.78
Auburn-Opelika, AL Metro Area $ 613 $ 135,500 $ 813 1.33
Augusta-Richmond County, GA-SC Metro Area $ 620 $ 116,700 $ 700 1.13
Austin-Round Rock, TX Metro Area $ 841 $ 177,500 $ 1,065 1.27
Bakersfield, CA Metro Area $ 758 $ 256,800 $ 1,541 2.03
Baltimore-Towson, MD Metro Area $ 934 $ 312,500 $ 1,875 2.01
Bangor, ME Metro Area $ 621 $ 125,100 $ 751 1.21
Baton Rouge, LA Metro Area $ 682 $ 145,400 $ 872 1.28
Battle Creek, MI Metro Area $ 617 $ 113,600 $ 682 1.10
Bay City, MI Metro Area $ 509 $ 117,300 $ 704 1.38
Beaumont-Port Arthur, TX Metro Area $ 648 $ 83,600 $ 502 0.77
Bellingham, WA Metro Area $ 739 $ 305,500 $ 1,833 2.48
Bend, OR Metro Area $ 863 $ 356,700 $ 2,140 2.48
Billings, MT Metro Area $ 589 $ 163,800 $ 983 1.67
Binghamton, NY Metro Area $ 581 $ 98,600 $ 592 1.02
Birmingham-Hoover, AL Metro Area $ 680 $ 140,600 $ 844 1.24
Bismarck, ND Metro Area $ 513 $ 134,200 $ 805 1.57
Blacksburg-Christiansburg-Radford, VA Metro Area $ 618 $ 144,300 $ 866 1.40
Bloomington, IN Metro Area $ 648 $ 123,200 $ 739 1.14
Bloomington-Normal, IL Metro Area $ 671 $ 147,700 $ 886 1.32
Boise City-Nampa, ID Metro Area $ 711 $ 207,800 $ 1,247 1.75
Boston-Cambridge-Quincy, MA-NH Metro Area $ 1,064 $ 396,400 $ 2,378 2.24
Boulder, CO Metro Area $ 901 $ 342,400 $ 2,054 2.28
Bowling Green, KY Metro Area $ 609 $ 125,300 $ 752 1.23
Bremerton-Silverdale, WA Metro Area $ 853 $ 296,300 $ 1,778 2.08
Bridgeport-Stamford-Norwalk, CT Metro Area $ 1,190 $ 499,000 $ 2,994 2.52
Brownsville-Harlingen, TX Metro Area $ 492 $ 74,300 $ 446 0.91
Brunswick, GA Metro Area $ 729 $ 158,200 $ 949 1.30
Buffalo-Niagara Falls, NY Metro Area $ 637 $ 108,300 $ 650 1.02
Burlington, NC Metro Area $ 687 $ 139,800 $ 839 1.22
Burlington-South Burlington, VT Metro Area $ 890 $ 238,600 $ 1,432 1.61
Canton-Massillon, OH Metro Area $ 578 $ 130,000 $ 780 1.35
Cape Coral-Fort Myers, FL Metro Area $ 1,009 $ 241,100 $ 1,447 1.43
Casper, WY Metro Area $ 565 $ 170,400 $ 1,022 1.81
Cedar Rapids, IA Metro Area $ 543 $ 132,300 $ 794 1.46
Champaign-Urbana, IL Metro Area $ 662 $ 136,600 $ 820 1.24
Charleston, WV Metro Area $ 563 $ 98,300 $ 590 1.05
Charleston-North Charleston, SC Metro Area $ 808 $ 200,200 $ 1,201 1.49
Charlotte-Gastonia-Concord, NC-SC Metro Area $ 759 $ 167,000 $ 1,002 1.32
Charlottesville, VA Metro Area $ 879 $ 282,600 $ 1,696 1.93
Chattanooga, TN-GA Metro Area $ 594 $ 135,600 $ 814 1.37
Cheyenne, WY Metro Area $ 650 $ 170,800 $ 1,025 1.58
Chicago-Naperville-Joliet, IL-IN-WI Metro Area $ 849 $ 261,100 $ 1,567 1.85
Chico, CA Metro Area $ 818 $ 288,100 $ 1,729 2.11
Cincinnati-Middletown, OH-KY-IN Metro Area $ 652 $ 156,400 $ 938 1.44
Clarksville, TN-KY Metro Area $ 644 $ 114,900 $ 689 1.07
Cleveland, TN Metro Area $ 571 $ 128,400 $ 770 1.35
Cleveland-Elyria-Mentor, OH Metro Area $ 678 $ 152,100 $ 913 1.35
Coeur d'Alene, ID Metro Area $ 721 $ 241,600 $ 1,450 2.01
College Station-Bryan, TX Metro Area $ 663 $ 126,900 $ 761 1.15
Colorado Springs, CO Metro Area $ 782 $ 216,200 $ 1,297 1.66
Columbia, MO Metro Area $ 678 $ 141,400 $ 848 1.25
Columbia, SC Metro Area $ 705 $ 136,400 $ 818 1.16
Columbus, GA-AL Metro Area $ 679 $ 123,000 $ 738 1.09
Columbus, IN Metro Area $ 727 $ 128,900 $ 773 1.06
Columbus, OH Metro Area $ 708 $ 166,000 $ 996 1.41
Corpus Christi, TX Metro Area $ 733 $ 99,500 $ 597 0.81
Corvallis, OR Metro Area $ 686 $ 248,200 $ 1,489 2.17
Cumberland, MD-WV Metro Area $ 511 $ 109,700 $ 658 1.29
Dallas-Fort Worth-Arlington, TX Metro Area $ 798 $ 145,400 $ 872 1.09
Dalton, GA Metro Area $ 559 $ 124,500 $ 747 1.34
Danville, IL Metro Area $ 590 $ 73,000 $ 438 0.74
Danville, VA Metro Area $ 527 $ 89,900 $ 539 1.02
Davenport-Moline-Rock Island, IA-IL Metro Area $ 571 $ 117,100 $ 703 1.23
Dayton, OH Metro Area $ 658 $ 128,400 $ 770 1.17
Decatur, AL Metro Area $ 497 $ 104,300 $ 626 1.26
Decatur, IL Metro Area $ 585 $ 89,000 $ 534 0.91
Deltona-Daytona Beach-Ormond Beach, FL Metro Area $ 856 $ 203,500 $ 1,221 1.43
Denver-Aurora, CO Metro Area $ 802 $ 243,400 $ 1,460 1.82
Des Moines-West Des Moines, IA Metro Area $ 666 $ 151,900 $ 911 1.37
Detroit-Warren-Livonia, MI Metro Area $ 742 $ 170,800 $ 1,025 1.38
Dothan, AL Metro Area $ 573 $ 100,100 $ 601 1.05
Dover, DE Metro Area $ 899 $ 205,700 $ 1,234 1.37
Dubuque, IA Metro Area $ 538 $ 131,500 $ 789 1.47
Duluth, MN-WI Metro Area $ 593 $ 141,800 $ 851 1.43
Durham, NC Metro Area $ 744 $ 184,200 $ 1,105 1.49
Eau Claire, WI Metro Area $ 615 $ 141,300 $ 848 1.38
El Centro, CA Metro Area $ 615 $ 247,000 $ 1,482 2.41
Elizabethtown, KY Metro Area $ 559 $ 120,200 $ 721 1.29
Elkhart-Goshen, IN Metro Area $ 681 $ 128,200 $ 769 1.13
Elmira, NY Metro Area $ 583 $ 81,900 $ 491 0.84
El Paso, TX Metro Area $ 562 $ 98,500 $ 591 1.05
Erie, PA Metro Area $ 560 $ 107,600 $ 646 1.15
Eugene-Springfield, OR Metro Area $ 700 $ 230,500 $ 1,383 1.98
Evansville, IN-KY Metro Area $ 589 $ 112,700 $ 676 1.15
Fairbanks, AK Metro Area $ 940 $ 213,500 $ 1,281 1.36
Fajardo, PR Metro Area $ 406 $ 98,500 $ 591 1.46
Fargo, ND-MN Metro Area $ 567 $ 144,400 $ 866 1.53
Farmington, NM Metro Area $ 616 $ 148,200 $ 889 1.44
Fayetteville, NC Metro Area $ 746 $ 111,400 $ 668 0.90
Fayetteville-Springdale-Rogers, AR-MO Metro Area $ 649 $ 158,900 $ 953 1.47
Flagstaff, AZ Metro Area $ 864 $ 288,500 $ 1,731 2.00
Flint, MI Metro Area $ 619 $ 129,300 $ 776 1.25
Florence, SC Metro Area $ 544 $ 92,900 $ 557 1.02
Florence-Muscle Shoals, AL Metro Area $ 533 $ 92,500 $ 555 1.04
Fond du Lac, WI Metro Area $ 589 $ 140,800 $ 845 1.43
Fort Collins-Loveland, CO Metro Area $ 766 $ 240,100 $ 1,441 1.88
Fort Smith, AR-OK Metro Area $ 511 $ 89,300 $ 536 1.05
Fort Walton Beach-Crestview-Destin, FL Metro Area $ 953 $ 222,800 $ 1,337 1.40
Fort Wayne, IN Metro Area $ 597 $ 114,200 $ 685 1.15
Fresno, CA Metro Area $ 789 $ 296,300 $ 1,778 2.25
Gadsden, AL Metro Area $ 498 $ 95,600 $ 574 1.15
Gainesville, FL Metro Area $ 766 $ 198,600 $ 1,192 1.56
Gainesville, GA Metro Area $ 804 $ 178,700 $ 1,072 1.33
Glens Falls, NY Metro Area $ 720 $ 155,500 $ 933 1.30
Goldsboro, NC Metro Area $ 590 $ 101,600 $ 610 1.03
Grand Forks, ND-MN Metro Area $ 600 $ 127,700 $ 766 1.28
Grand Junction, CO Metro Area $ 768 $ 225,000 $ 1,350 1.76
Grand Rapids-Wyoming, MI Metro Area $ 647 $ 147,300 $ 884 1.37
Great Falls, MT Metro Area $ 477 $ 139,600 $ 838 1.76
Greeley, CO Metro Area $ 738 $ 197,300 $ 1,184 1.60
Green Bay, WI Metro Area $ 631 $ 157,600 $ 946 1.50
Greensboro-High Point, NC Metro Area $ 640 $ 138,200 $ 829 1.30
Greenville, NC Metro Area $ 659 $ 108,700 $ 652 0.99
Greenville-Mauldin-Easley, SC Metro Area $ 623 $ 136,200 $ 817 1.31
Guayama, PR Metro Area $ 350 $ 83,300 $ 500 1.43
Gulfport-Biloxi, MS Metro Area $ 826 $ 147,500 $ 885 1.07
Hagerstown-Martinsburg, MD-WV Metro Area $ 725 $ 226,900 $ 1,361 1.88
Hanford-Corcoran, CA Metro Area $ 716 $ 240,700 $ 1,444 2.02
Harrisburg-Carlisle, PA Metro Area $ 717 $ 156,200 $ 937 1.31
Harrisonburg, VA Metro Area $ 697 $ 204,800 $ 1,229 1.76
Hartford-West Hartford-East Hartford, CT Metro Area $ 880 $ 255,300 $ 1,532 1.74
Hattiesburg, MS Metro Area $ 641 $ 116,100 $ 697 1.09
Hickory-Lenoir-Morganton, NC Metro Area $ 549 $ 115,300 $ 692 1.26
Hinesville-Fort Stewart, GA Metro Area $ 718 $ 101,400 $ 608 0.85
Holland-Grand Haven, MI Metro Area $ 693 $ 164,000 $ 984 1.42
Honolulu, HI Metro Area $ 1,206 $ 574,400 $ 3,446 2.86
Hot Springs, AR Metro Area $ 602 $ 127,000 $ 762 1.27
Houma-Bayou Cane-Thibodaux, LA Metro Area $ 616 $ 109,900 $ 659 1.07
Houston-Sugar Land-Baytown, TX Metro Area $ 775 $ 135,800 $ 815 1.05
Huntington-Ashland, WV-KY-OH Metro Area $ 533 $ 87,900 $ 527 0.99
Huntsville, AL Metro Area $ 625 $ 145,300 $ 872 1.39
Idaho Falls, ID Metro Area $ 648 $ 144,900 $ 869 1.34
Indianapolis-Carmel, IN Metro Area $ 695 $ 141,900 $ 851 1.23
Iowa City, IA Metro Area $ 662 $ 163,700 $ 982 1.48
Ithaca, NY Metro Area $ 786 $ 159,600 $ 958 1.22
Jackson, MI Metro Area $ 664 $ 142,800 $ 857 1.29
Jackson, MS Metro Area $ 712 $ 121,100 $ 727 1.02
Jackson, TN Metro Area $ 641 $ 112,900 $ 677 1.06
Jacksonville, FL Metro Area $ 851 $ 201,400 $ 1,208 1.42
Jacksonville, NC Metro Area $ 712 $ 129,300 $ 776 1.09
Janesville, WI Metro Area $ 676 $ 139,500 $ 837 1.24
Jefferson City, MO Metro Area $ 524 $ 119,800 $ 719 1.37
Johnson City, TN Metro Area $ 507 $ 113,600 $ 682 1.34
Johnstown, PA Metro Area $ 451 $ 89,600 $ 538 1.19
Jonesboro, AR Metro Area $ 529 $ 91,900 $ 551 1.04
Joplin, MO Metro Area $ 541 $ 97,200 $ 583 1.08
Kalamazoo-Portage, MI Metro Area $ 628 $ 147,900 $ 887 1.41
Kankakee-Bradley, IL Metro Area $ 667 $ 139,400 $ 836 1.25
Kansas City, MO-KS Metro Area $ 711 $ 159,900 $ 959 1.35
Kennewick-Richland-Pasco, WA Metro Area $ 662 $ 157,100 $ 943 1.42
Killeen-Temple-Fort Hood, TX Metro Area $ 769 $ 107,500 $ 645 0.84
Kingsport-Bristol-Bristol, TN-VA Metro Area $ 481 $ 104,000 $ 624 1.30
Kingston, NY Metro Area $ 906 $ 254,200 $ 1,525 1.68
Knoxville, TN Metro Area $ 643 $ 143,100 $ 859 1.34
Kokomo, IN Metro Area $ 578 $ 111,300 $ 668 1.16
La Crosse, WI-MN Metro Area $ 654 $ 147,400 $ 884 1.35
Lafayette, IN Metro Area $ 650 $ 127,100 $ 763 1.17
Lafayette, LA Metro Area $ 640 $ 141,700 $ 850 1.33
Lake Charles, LA Metro Area $ 655 $ 108,800 $ 653 1.00
Lake Havasu City-Kingman, AZ Metro Area $ 811 $ 204,600 $ 1,228 1.51
Lakeland, FL Metro Area $ 792 $ 155,700 $ 934 1.18
Lancaster, PA Metro Area $ 726 $ 180,200 $ 1,081 1.49
Lansing-East Lansing, MI Metro Area $ 681 $ 151,600 $ 910 1.34
Laredo, TX Metro Area $ 627 $ 104,800 $ 629 1.00
Las Cruces, NM Metro Area $ 592 $ 132,100 $ 793 1.34
Las Vegas-Paradise, NV Metro Area $ 1,017 $ 315,300 $ 1,892 1.86
Lawrence, KS Metro Area $ 718 $ 179,400 $ 1,076 1.50
Lawton, OK Metro Area $ 612 $ 96,600 $ 580 0.95
Lebanon, PA Metro Area $ 606 $ 147,100 $ 883 1.46
Lewiston-Auburn, ME Metro Area $ 612 $ 150,000 $ 900 1.47
Lexington-Fayette, KY Metro Area $ 650 $ 154,900 $ 929 1.43
Lima, OH Metro Area $ 584 $ 105,300 $ 632 1.08
Lincoln, NE Metro Area $ 629 $ 143,000 $ 858 1.36
Little Rock-North Little Rock-Conway, AR Metro Area $ 672 $ 126,400 $ 758 1.13
Logan, UT-ID Metro Area $ 618 $ 166,100 $ 997 1.61
Longview, TX Metro Area $ 626 $ 96,700 $ 580 0.93
Longview, WA Metro Area $ 643 $ 177,500 $ 1,065 1.66
Los Angeles-Long Beach-Santa Ana, CA Metro Area $ 1,101 $ 612,700 $ 3,676 3.34
Louisville-Jefferson County, KY-IN Metro Area $ 621 $ 141,800 $ 851 1.37
Lubbock, TX Metro Area $ 729 $ 96,500 $ 579 0.79
Lynchburg, VA Metro Area $ 574 $ 150,500 $ 903 1.57
Macon, GA Metro Area $ 598 $ 114,200 $ 685 1.15
Madera, CA Metro Area $ 759 $ 332,200 $ 1,993 2.63
Madison, WI Metro Area $ 798 $ 220,800 $ 1,325 1.66
Manchester-Nashua, NH Metro Area $ 973 $ 283,400 $ 1,700 1.75
Mansfield, OH Metro Area $ 555 $ 122,200 $ 733 1.32
Mayagüez, PR Metro Area $ 349 $ 85,700 $ 514 1.47
McAllen-Edinburg-Mission, TX Metro Area $ 567 $ 69,700 $ 418 0.74
Medford, OR Metro Area $ 775 $ 301,800 $ 1,811 2.34
Memphis, TN-MS-AR Metro Area $ 733 $ 132,400 $ 794 1.08
Merced, CA Metro Area $ 770 $ 323,700 $ 1,942 2.52
Miami-Fort Lauderdale-Pompano Beach, FL Metro Area $ 1,031 $ 310,300 $ 1,862 1.81
Michigan City-La Porte, IN Metro Area $ 579 $ 122,400 $ 734 1.27
Midland, MI Micro Area $ 607 $ 139,400 $ 836 1.38
Midland, TX Metro Area $ 667 $ 111,300 $ 668 1.00
Milwaukee-Waukesha-West Allis, WI Metro Area $ 724 $ 203,700 $ 1,222 1.69
Minneapolis-St. Paul-Bloomington, MN-WI Metro Area $ 796 $ 244,700 $ 1,468 1.84
Missoula, MT Metro Area $ 651 $ 226,100 $ 1,357 2.08
Mobile, AL Metro Area $ 645 $ 114,700 $ 688 1.07
Modesto, CA Metro Area $ 914 $ 358,500 $ 2,151 2.35
Monroe, LA Metro Area $ 550 $ 100,000 $ 600 1.09
Monroe, MI Metro Area $ 678 $ 170,100 $ 1,021 1.51
Montgomery, AL Metro Area $ 683 $ 123,600 $ 742 1.09
Morgantown, WV Metro Area $ 575 $ 127,500 $ 765 1.33
Morristown, TN Metro Area $ 578 $ 107,000 $ 642 1.11
Mount Vernon-Anacortes, WA Metro Area $ 854 $ 288,700 $ 1,732 2.03
Muncie, IN Metro Area $ 605 $ 95,000 $ 570 0.94
Muskegon-Norton Shores, MI Metro Area $ 561 $ 117,400 $ 704 1.26
Myrtle Beach-Conway-North Myrtle Beach, SC Metro Area $ 753 $ 181,800 $ 1,091 1.45
Napa, CA Metro Area $ 1,152 $ 643,400 $ 3,860 3.35
Naples-Marco Island, FL Metro Area $ 1,047 $ 411,900 $ 2,471 2.36
Nashville-Davidson--Murfreesboro--Franklin, TN Metro Area $ 714 $ 166,400 $ 998 1.40
New Haven-Milford, CT Metro Area $ 922 $ 280,200 $ 1,681 1.82
New Orleans-Metairie-Kenner, LA Metro Area $ 856 $ 183,800 $ 1,103 1.29
New York-Northern New Jersey-Long Island, NY-NJ-PA Metro Area $ 1,032 $ 468,400 $ 2,810 2.72
Niles-Benton Harbor, MI Metro Area $ 551 $ 138,700 $ 832 1.51
Norwich-New London, CT Metro Area $ 902 $ 273,600 $ 1,642 1.82
Ocala, FL Metro Area $ 735 $ 162,700 $ 976 1.33
Ocean City, NJ Metro Area $ 1,052 $ 340,000 $ 2,040 1.94
Odessa, TX Metro Area $ 568 $ 70,300 $ 422 0.74
Ogden-Clearfield, UT Metro Area $ 677 $ 194,300 $ 1,166 1.72
Ogdensburg-Massena, NY Micro Area $ 543 $ 74,800 $ 449 0.83
Oklahoma City, OK Metro Area $ 629 $ 121,100 $ 727 1.16
Olympia, WA Metro Area $ 857 $ 267,000 $ 1,602 1.87
Omaha-Council Bluffs, NE-IA Metro Area $ 695 $ 142,200 $ 853 1.23
Orlando-Kissimmee, FL Metro Area $ 981 $ 246,800 $ 1,481 1.51
Oshkosh-Neenah, WI Metro Area $ 575 $ 139,500 $ 837 1.46
Owensboro, KY Metro Area $ 528 $ 104,200 $ 625 1.18
Oxnard-Thousand Oaks-Ventura, CA Metro Area $ 1,326 $ 641,300 $ 3,848 2.90
Palm Bay-Melbourne-Titusville, FL Metro Area $ 874 $ 202,600 $ 1,216 1.39
Palm Coast, FL Metro Area $ 1,053 $ 236,500 $ 1,419 1.35
Panama City-Lynn Haven, FL Metro Area $ 865 $ 185,900 $ 1,115 1.29
Parkersburg-Marietta-Vienna, WV-OH Metro Area $ 506 $ 101,700 $ 610 1.21
Pascagoula, MS Metro Area $ 824 $ 116,100 $ 697 0.85
Pensacola-Ferry Pass-Brent, FL Metro Area $ 763 $ 160,200 $ 961 1.26
Peoria, IL Metro Area $ 643 $ 122,100 $ 733 1.14
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metro Area $ 866 $ 240,300 $ 1,442 1.66
Phoenix-Mesa-Scottsdale, AZ Metro Area $ 877 $ 260,300 $ 1,562 1.78
Pine Bluff, AR Metro Area $ 573 $ 69,500 $ 417 0.73
Pittsburgh, PA Metro Area $ 608 $ 116,100 $ 697 1.15
Pittsfield, MA Metro Area $ 673 $ 192,300 $ 1,154 1.71
Pocatello, ID Metro Area $ 516 $ 127,000 $ 762 1.48
Ponce, PR Metro Area $ 329 $ 91,100 $ 547 1.66
Portland-South Portland-Biddeford, ME Metro Area $ 781 $ 241,300 $ 1,448 1.85
Portland-Vancouver-Beaverton, OR-WA Metro Area $ 794 $ 299,000 $ 1,794 2.26
Port St. Lucie, FL Metro Area $ 1,042 $ 231,500 $ 1,389 1.33
Poughkeepsie-Newburgh-Middletown, NY Metro Area $ 987 $ 331,800 $ 1,991 2.02
Prescott, AZ Metro Area $ 809 $ 253,400 $ 1,520 1.88
Providence-New Bedford-Fall River, RI-MA Metro Area $ 804 $ 302,100 $ 1,813 2.25
Provo-Orem, UT Metro Area $ 718 $ 237,900 $ 1,427 1.99
Pueblo, CO Metro Area $ 597 $ 139,500 $ 837 1.40
Punta Gorda, FL Metro Area $ 942 $ 199,100 $ 1,195 1.27
Racine, WI Metro Area $ 669 $ 180,000 $ 1,080 1.61
Raleigh-Cary, NC Metro Area $ 792 $ 190,000 $ 1,140 1.44
Rapid City, SD Metro Area $ 647 $ 148,200 $ 889 1.37
Reading, PA Metro Area $ 700 $ 173,100 $ 1,039 1.48
Redding, CA Metro Area $ 788 $ 255,500 $ 1,533 1.95
Reno-Sparks, NV Metro Area $ 872 $ 344,700 $ 2,068 2.37
Richmond, VA Metro Area $ 830 $ 222,000 $ 1,332 1.60
Riverside-San Bernardino-Ontario, CA Metro Area $ 1,046 $ 396,700 $ 2,380 2.28
Roanoke, VA Metro Area $ 657 $ 155,500 $ 933 1.42
Rochester, MN Metro Area $ 657 $ 172,400 $ 1,034 1.57
Rochester, NY Metro Area $ 709 $ 122,100 $ 733 1.03
Rockford, IL Metro Area $ 666 $ 131,300 $ 788 1.18
Rocky Mount, NC Metro Area $ 608 $ 99,800 $ 599 0.98
Rome, GA Metro Area $ 624 $ 122,700 $ 736 1.18
Sacramento--Arden-Arcade--Roseville, CA Metro Area $ 958 $ 400,800 $ 2,405 2.51
Saginaw-Saginaw Township North, MI Metro Area $ 618 $ 114,000 $ 684 1.11
St. Cloud, MN Metro Area $ 632 $ 183,900 $ 1,103 1.75
St. George, UT Metro Area $ 917 $ 248,700 $ 1,492 1.63
St. Joseph, MO-KS Metro Area $ 579 $ 106,400 $ 638 1.10
St. Louis, MO-IL Metro Area $ 685 $ 159,300 $ 956 1.40
Salem, OR Metro Area $ 684 $ 211,400 $ 1,268 1.85
Salinas, CA Metro Area $ 1,061 $ 658,700 $ 3,952 3.72
Salisbury, MD Metro Area $ 831 $ 197,700 $ 1,186 1.43
Salt Lake City, UT Metro Area $ 778 $ 241,900 $ 1,451 1.87
San Angelo, TX Metro Area $ 667 $ 84,300 $ 506 0.76
San Antonio, TX Metro Area $ 707 $ 119,200 $ 715 1.01
San Diego-Carlsbad-San Marcos, CA Metro Area $ 1,168 $ 556,500 $ 3,339 2.86
Sandusky, OH Metro Area $ 624 $ 135,600 $ 814 1.30
San Francisco-Oakland-Fremont, CA Metro Area $ 1,210 $ 706,100 $ 4,237 3.50
San Germán-Cabo Rojo, PR Metro Area $ 373 $ 80,100 $ 481 1.29
San Jose-Sunnyvale-Santa Clara, CA Metro Area $ 1,314 $ 754,400 $ 4,526 3.44
San Juan-Caguas-Guaynabo, PR Metro Area $ 417 $ 118,200 $ 709 1.70
San Luis Obispo-Paso Robles, CA Metro Area $ 1,071 $ 578,900 $ 3,473 3.24
Santa Barbara-Santa Maria-Goleta, CA Metro Area $ 1,205 $ 641,800 $ 3,851 3.20
Santa Cruz-Watsonville, CA Metro Area $ 1,159 $ 756,800 $ 4,541 3.92
Santa Fe, NM Metro Area $ 867 $ 302,700 $ 1,816 2.09
Santa Rosa-Petaluma, CA Metro Area $ 1,171 $ 613,900 $ 3,683 3.15
Sarasota-Bradenton-Venice, FL Metro Area $ 958 $ 244,500 $ 1,467 1.53
Savannah, GA Metro Area $ 803 $ 168,100 $ 1,009 1.26
Scranton--Wilkes-Barre, PA Metro Area $ 589 $ 121,400 $ 728 1.24
Seattle-Tacoma-Bellevue, WA Metro Area $ 908 $ 379,100 $ 2,275 2.51
Sebastian-Vero Beach, FL Metro Area $ 903 $ 213,500 $ 1,281 1.42
Sheboygan, WI Metro Area $ 571 $ 149,300 $ 896 1.57
Sherman-Denison, TX Metro Area $ 687 $ 98,800 $ 593 0.86
Shreveport-Bossier City, LA Metro Area $ 613 $ 111,100 $ 667 1.09
Sioux City, IA-NE-SD Metro Area $ 571 $ 94,400 $ 566 0.99
Sioux Falls, SD Metro Area $ 625 $ 143,200 $ 859 1.37
South Bend-Mishawaka, IN-MI Metro Area $ 639 $ 116,800 $ 701 1.10
Southern Pines-Pinehurst, NC Micro Area $ 655 $ 182,800 $ 1,097 1.67
Spartanburg, SC Metro Area $ 549 $ 110,800 $ 665 1.21
Spokane, WA Metro Area $ 659 $ 186,200 $ 1,117 1.70
Springfield, IL Metro Area $ 644 $ 115,500 $ 693 1.08
Springfield, MA Metro Area $ 733 $ 215,700 $ 1,294 1.77
Springfield, MO Metro Area $ 588 $ 130,200 $ 781 1.33
Springfield, OH Metro Area $ 580 $ 110,200 $ 661 1.14
State College, PA Metro Area $ 681 $ 165,900 $ 995 1.46
Statesville-Mooresville, NC Micro Area $ 627 $ 162,400 $ 974 1.55
Staunton-Waynesboro, VA Micro Area $ 629 $ 173,800 $ 1,043 1.66
Stockton, CA Metro Area $ 902 $ 399,500 $ 2,397 2.66
Sumter, SC Metro Area $ 618 $ 96,800 $ 581 0.94
Syracuse, NY Metro Area $ 666 $ 111,900 $ 671 1.01
Tallahassee, FL Metro Area $ 813 $ 179,100 $ 1,075 1.32
Tampa-St. Petersburg-Clearwater, FL Metro Area $ 859 $ 203,300 $ 1,220 1.42
Terre Haute, IN Metro Area $ 548 $ 86,700 $ 520 0.95
Texarkana, TX-Texarkana, AR Metro Area $ 571 $ 87,500 $ 525 0.92
Toledo, OH Metro Area $ 612 $ 134,400 $ 806 1.32
Topeka, KS Metro Area $ 581 $ 113,400 $ 680 1.17
Trenton-Ewing, NJ Metro Area $ 979 $ 322,400 $ 1,934 1.98
Tucson, AZ Metro Area $ 710 $ 210,700 $ 1,264 1.78
Tulsa, OK Metro Area $ 633 $ 119,700 $ 718 1.13
Tuscaloosa, AL Metro Area $ 630 $ 136,900 $ 821 1.30
Tyler, TX Metro Area $ 688 $ 120,200 $ 721 1.05
Utica-Rome, NY Metro Area $ 584 $ 97,100 $ 583 1.00
Valdosta, GA Metro Area $ 670 $ 116,000 $ 696 1.04
Vallejo-Fairfield, CA Metro Area $ 1,118 $ 479,500 $ 2,877 2.57
Victoria, TX Metro Area $ 584 $ 95,600 $ 574 0.98
Vineland-Millville-Bridgeton, NJ Metro Area $ 817 $ 173,600 $ 1,042 1.27
Virginia Beach-Norfolk-Newport News, VA-NC Metro Area $ 885 $ 239,100 $ 1,435 1.62
Visalia-Porterville, CA Metro Area $ 697 $ 235,100 $ 1,411 2.02
Waco, TX Metro Area $ 716 $ 98,300 $ 590 0.82
Warner Robins, GA Metro Area $ 690 $ 128,400 $ 770 1.12
Washington-Arlington-Alexandria, DC-VA-MD-WV Metro Area $ 1,187 $ 458,500 $ 2,751 2.32
Waterloo-Cedar Falls, IA Metro Area $ 561 $ 121,300 $ 728 1.30
Wausau, WI Metro Area $ 571 $ 141,200 $ 847 1.48
Weirton-Steubenville, WV-OH Metro Area $ 496 $ 86,800 $ 521 1.05
Wenatchee, WA Metro Area $ 581 $ 218,400 $ 1,310 2.26
Wheeling, WV-OH Metro Area $ 486 $ 88,700 $ 532 1.10
Wichita, KS Metro Area $ 591 $ 112,400 $ 674 1.14
Wichita Falls, TX Metro Area $ 643 $ 84,800 $ 509 0.79
Williamsport, PA Metro Area $ 579 $ 116,100 $ 697 1.20
Wilmington, NC Metro Area $ 779 $ 210,900 $ 1,265 1.62
Winchester, VA-WV Metro Area $ 916 $ 243,000 $ 1,458 1.59
Winston-Salem, NC Metro Area $ 631 $ 141,100 $ 847 1.34
Worcester, MA Metro Area $ 818 $ 287,300 $ 1,724 2.11
Yakima, WA Metro Area $ 615 $ 145,300 $ 872 1.42
Yauco, PR Metro Area $ 372 $ 71,900 $ 431 1.16
York-Hanover, PA Metro Area $ 699 $ 170,000 $ 1,020 1.46
Youngstown-Warren-Boardman, OH-PA Metro Area $ 556 $ 101,200 $ 607 1.09
Yuba City, CA Metro Area $ 766 $ 290,300 $ 1,742 2.27
Yuma, AZ Metro Area $ 701 $ 151,600 $ 910 1.30

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