Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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
Five most expensive cars sold at Pebble Beach These classic cars went for seven figure sums at the world's premier classic car event. More
Seats that move! Rain! Movie-watching goes beyond 3D How can movie theaters compete when many prefer to watch streaming video from their own comfy couches? Some hope a new interactive technology will lure audiences with immersive effects. More
15 cool cars for sale at Pebble Beach While these events are best known for seven-figure classics, just about everything crosses the block at Pebble Beach. More

Special Offer