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price to rent ratio (Winter Garden Florida)
Hi All,
So I have already chosen a market (Winter Garden FL).
However, I did an analysis of the price to rent ratio and learned that in last 12 months the average price to rent ratio in this market is 14.62%. ShouldI be concerned about this?
The other markets that I was considering before I made a decision were League City TX (10%), Pearland Tx (11%), Texas City TX (8%), Norman OK (12%) all have a price to rent ratio that is lower than Winter Garden. I. understand that the lower the ratio the better. I read that a good ratio is under 15%. Is that right?
According to the data Winter Garden is "Size/ranked" 150. I read it should be ranked above 110 though?
I got this data from:
https://www.zillow.com/research/data/