Avg Purchase Price Vs. Avg Rents in Your Town

[Corby Goade]

I am curious about the buy and hold markets in other cities in the US. I know there are MANY variables to this information, but let's attempt to keep it general for the sake of simplicity. In my town (Boise, ID) you could buy a basic duplex (2br/1ba each side) on the MLS for around $175K and rent each side for approx. $725. The vacancy rate in our area is about 2% and the population is around 400K.

Without getting into the details of any specific deals, how do those numbers match up with your town?