How to analyze a submarket for renting versus buying a house..

[Clayton Hepler]

I have some level 1 market research done on my local city and some others... Are there any indicators of a market that would be strong for a renting market, because of it's ratio to house prices? That is, I do not want to compete with house prices...

My niche is 800-1100 Class B and C value add properties.

Are there house price to rent ratios to consider when evaluating a submarket, especially in the rent range above?