8 of 10
BACKNEXT
8. Seattle: Rent
Seattle: Rent
Average list price: $461,000
Average annual rent: $18,600
Price to rent ratio: 24.9

This busy city in the Pacific Northwest has grown its economy through a combination of new tech and old manufacturing and extractive industries. The metro area's unemployment rate is healthier than the nation as a whole at 8.2% in April.

Home prices have boomed in the city, partly because of smart growth initiatives meant to promote greater density in the core while maintaining open areas nearby. That acts as an artifical constraint to development, raises acquisition costs for builders and boosts home prices.

Median metro area home prices have fallen more than 20% from their peak, according to the National Association of Home Builders and Wells Fargo, making home buying more affordable but rents have stagnated as well keeping the price-to-rent ratio high.

NEXT: Portland, Ore.: Rent
Last updated June 14 2010: 2:22 PM ET
  • Find Homes for sale
    Real estate and homes for sale on Trulia

  • Property Type
  • Find a home in:
  • New York | Atlanta | Chicago | Los Angeles
  • Washington D.C | Houston | Philadelphia | More options
More Galleries
What I gave up to save $1 million They may have million dollar-plus nest eggs, but they had to make some big sacrifices along the way to get there. Here's what these four savers did without in order to save seven-figures retirement. More
World's Top Employers for New Grads For an exclusive CNNMoney list, research firm Universum Global surveyed college students around the world to see where they most want to work. More
A cheapskate's guide to tech From ebooks to phone service, here are some tips for living your digital life on the cheap. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.