DON'T BUY: Here Are The 12 Best Home Rental Markets Across America

San diego skyline

Photo: Brandon Leon via Flickr

As long as U.S. home prices have further to fall, Americans are less likely to buy.  Some experts argue that prices have bottomed, while others like Gary Shilling say prices have much further to fall.Across 45 major U.S. cities, the rental price for 2-bedroom units jumped 14.4 per cent in spring 2012 from a year ago, according to the latest housing report from HotPads.  This compared to a 4 per cent rise in sale prices.

We drew on the median rental and sale prices of 2 bedroom units, for 12 metros with the highest rent-buy ratio. The higher the rent ratio, the more attractive it is to rent than buy.

Note: The rent ratio is calculated by dividing the median home sale price by the 12-month median rent. All data is for two-bedroom homes in Spring 2012

Arlington, Texas

Rent-Buy ratio: 13

Average rent 2012: $2,650.67

Average sale 2012: $410,833.00

Source: HotPads

San Diego, California

Rent-Buy ratio: 14

Average rent 2012: $1,733.17

Average sale 2012: $283,633.33

Source: HotPads

Miami, Florida

Rent-Buy ratio: 14

Average rent 2012: $2,426.67

Average sale 2012: $284,666.67

Source: HotPads

Denver, Colorado

Rent-Buy ratio: 14

Average rent 2012: $1,200.83

Average sale 2012: $181,266.67

Source: HotPads

Boston, Massachusetts

Rent-Buy ratio: 14

Average rent 2012: $2,333.33

Average sale 2012: $354,333.33

Source: HotPads

Alexandria, Virginia

Rent-Buy ratio: 14

Average rent 2012: $2,014.67

Average sale 2012: $314,900.00

Source: HotPads

San Francisco, California

Rent-Buy ratio: 15

Average rent 2012: $3,698.33

Average sale 2012: $644,333.33

Source: HotPads

Portland, Oregon

Rent-Buy ratio: 15

Average rent 2012: $1,123.33

Average sale 2012: $181,814.00

Source: HotPads

Oakland, California

Rent-Buy ratio: 15

Average rent 2012: $1,283.33

Average sale 2012: $222,316

Source: HotPads

Austin, Texas

Rent-Buy ratio: 15

Average rent 2012: $1,142.50

Average sale 2012: $191,966.67

Source: HotPads

Seattle, Washington

Rent-Buy ratio: 16

Average rent 2012: $1,564.67

Average sale 2012: $299,950.00

Source: HotPads

Charleston, South Carolina

Rent-Buy ratio: 18

Average rent 2012: $1,074.17

Average sale 2012: $229,666.66

Source: HotPads

Now here's a great overview on the U.S. housing market...

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