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
The stock market's wild week in 6 pictures It was the wildest week in stocks in recent memory. Here's photos and CNNMoney's tweets of reactions to the panicked selling on Monday and Tuesday, which gave way to a mad buying scramble on Wednesday and Thursday. And then...a selloff on Friday again. More
How New Orleans is learning to live with water After Hurricane Katrina, the city of New Orleans had to reinvent the way it manages water and protects itself from future storms. More
Your degree will earn you the most from these colleges Art majors can make big bucks, too. Find out which school has the highest paid grads in your major. More

Special Offer