Price to Rent Ratio in the United States increased to 134.04 in the fourth quarter of 2024 from 133.46 in the third quarter of 2024. This dataset includes a chart with historical data for the United States Price to Rent Ratio.

Price to Rent Ratio in Norway increased to 119.06 in the third quarter of 2025 from 118.62 in the second quarter of 2025. This dataset includes a chart with historical data for Norway Price to Rent Ratio.

The house price to rent ratio index in the U.S. declined in the second half of 2022 and remained stable until the end of 2024, indicating that house price growth slowed down compared to rental growth. At its peak, in the second quarter of 2022, the index stood at *****. House prices increased dramatically since the coronavirus pandemic. Meanwhile, rents have grown notably, but at a slower rate. What does the house price to rent ratio index measure? 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. The house price to rent ratio in different countries The house price to rent ratio in the United Kingdom continued to increase in the second half of 2022, but growth softened, as the housing market cooled. On the other hand, the index in Germany fell drastically between the second quarter of 2022 and the second quarter of 2023. A similar trend was observed in France.

United States US: Price to Rent Ratio: sa data was reported at 133.530 2015=100 in 2024. This records an increase from the previous number of 133.173 2015=100 for 2023. United States US: Price to Rent Ratio: sa data is updated yearly, averaging 89.750 2015=100 from Dec 1970 (Median) to 2024, with 55 observations. The data reached an all-time high of 137.339 2015=100 in 2022 and a record low of 89.750 2015=100 in 1997. United States US: Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by rent price indices

Price to Rent Ratio in Poland increased to 124.98 in the second quarter of 2025 from 124.75 in the first quarter of 2025. This dataset includes a chart with historical data for Poland Price to Rent Ratio.

Australia Standardised Price-Rent Ratio: sa data was reported at 168.732 Ratio in Dec 2024. This records a decrease from the previous number of 171.919 Ratio for Sep 2024. Australia Standardised Price-Rent Ratio: sa data is updated quarterly, averaging 70.511 Ratio from Sep 1972 (Median) to Dec 2024, with 210 observations. The data reached an all-time high of 189.671 Ratio in Mar 2022 and a record low of 48.119 Ratio in Sep 1972. Australia Standardised Price-Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by rent price indices. The long-term average is calculated over the whole period available when the indicator begins after 1980 or after 1980 if the indicator is longer. This value is used as a reference value. The ratio is calculated by dividing the indicator source on this long-term average, and indexed to a reference value equal to 100.

Price to Rent Ratio in Mexico increased to 168.20 in the second quarter of 2025 from 165.20 in the first quarter of 2025. This dataset includes a chart with historical data for Mexico Price to Rent Ratio.

France FR: Price to Rent Ratio: sa data was reported at 117.734 2015=100 in 2024. This records a decrease from the previous number of 125.604 2015=100 for 2023. France FR: Price to Rent Ratio: sa data is updated yearly, averaging 75.149 2015=100 from Dec 1970 (Median) to 2024, with 55 observations. The data reached an all-time high of 129.085 2015=100 in 2022 and a record low of 58.056 2015=100 in 1997. France FR: Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s France – Table FR.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by rent price indices

Price to Rent Ratio in Austria decreased to 114.16 in the second quarter of 2025 from 114.42 in the first quarter of 2025. This dataset includes a chart with historical data for Austria Price to Rent Ratio.

Price to Rent Ratio in Slovakia increased to 158.06 in the second quarter of 2025 from 157.08 in the first quarter of 2025. This dataset includes a chart with historical data for Slovakia Price to Rent Ratio.

Japan JP: Price to Rent Ratio: sa data was reported at 132.703 2015=100 in 2024. This records an increase from the previous number of 129.382 2015=100 for 2023. Japan JP: Price to Rent Ratio: sa data is updated yearly, averaging 125.671 2015=100 from Dec 1970 (Median) to 2024, with 55 observations. The data reached an all-time high of 185.251 2015=100 in 1991 and a record low of 91.768 2015=100 in 2009. Japan JP: Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by rent price indices

The house price to rent ratio in Canada stood at ****** points in the first quarter of 2025. This is lower than the observation from the first quarter one year earlier, when the ratio had been ****** points.

The house price to rent ratio in Spain stood at ****** points in the first quarter of 2025. This is higher than the observation from the first quarter one year earlier, when the ratio had been ****** points.

Price to Rent Ratio in Sweden decreased to 106.16 in the second quarter of 2025 from 107.82 in the first quarter of 2025. This dataset includes a chart with historical data for Sweden Price to Rent Ratio.

Switzerland Price to Rent Ratio: sa data was reported at 125.208 2015=100 in 2024. This records a decrease from the previous number of 125.755 2015=100 for 2023. Switzerland Price to Rent Ratio: sa data is updated yearly, averaging 97.525 2015=100 from Dec 1970 (Median) to 2024, with 55 observations. The data reached an all-time high of 141.820 2015=100 in 1989 and a record low of 74.756 2015=100 in 2002. Switzerland Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Switzerland – Table CH.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by rent price indices

Romania Price to Rent Ratio: sa data was reported at 105.906 2015=100 in Dec 2024. This records a decrease from the previous number of 108.438 2015=100 for Sep 2024. Romania Price to Rent Ratio: sa data is updated quarterly, averaging 111.883 2015=100 from Mar 2009 (Median) to Dec 2024, with 64 observations. The data reached an all-time high of 140.668 2015=100 in Dec 2009 and a record low of 97.263 2015=100 in Jun 2014. Romania Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Romania – Table RO.OECD.AHPI: House Price Index: Seasonally Adjusted: Non OECD Member: Quarterly. Nominal house prices divided by rent price indices

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Price to Rent Ratio in Netherlands increased to 167.47 in the second quarter of 2025 from 166.18 in the first quarter of 2025. This dataset includes a chart with historical data for Netherlands Price to Rent Ratio.

Ireland IE: Price to Rent Ratio: sa data was reported at 111.339 2015=100 in Dec 2024. This records an increase from the previous number of 110.118 2015=100 for Sep 2024. Ireland IE: Price to Rent Ratio: sa data is updated quarterly, averaging 71.365 2015=100 from Mar 1970 (Median) to Dec 2024, with 220 observations. The data reached an all-time high of 181.775 2015=100 in Dec 2005 and a record low of 26.556 2015=100 in Mar 1973. Ireland IE: Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Ireland – Table IE.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by rent price indices

The average agreed rent for new tenancies in the UK ranged from *** British pounds to ***** British pounds, depending on the region. On average, renters outside of London paid ***** British pounds, whereas in London, this figure amounted to ***** British pounds. Rents have been on the rise for many years, but the period after the COVID-19 pandemic accelerated this trend. Since 2015, the average rent in the UK increased by about ** percent, with about half of that gain achieved in the period after the pandemic. Why have UK rents increased so much? One of the main reasons driving up rental prices is the declining affordability of homeownership. Historically, house prices grew faster than rents, making renting more financially feasible than buying. In 2022, when the house price to rent ratio index peaked, house prices had outgrown rents by nearly ** percent since 2015. As house prices peaked in 2022, home buying slowed, exacerbating demand for rental properties and leading to soaring rental prices. How expensive is too expensive? Although there is no official requirement about the proportion of income spent on rent for it to be considered affordable, a popular rule is that rent should not exceed more than ** percent of income. In 2024, most renters in the UK exceeded that threshold, with the southern regions significantly more likely to spend upward of ** percent of their income on rent. Rental affordability has sparked a move away from the capital to other regions in the UK, such as the South East (Brighton and Southampton), the West Midlands (Birmingham) and the North West (Liverpool, Manchester, Blackpool and Preston).