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Compare home prices to renting in your favorite retirement city or town. Is it more affordable to purchase that retirement home or to rent?
The Home Price/Rent Index is a tool to help with that decision.
Kingston, New York has the lowest Price/Rent indexes of any of our top 99 retirement cities, indicating a great retirement home purchase opportunity.
| Compare Home Prices to Rents | ||||
| 2018 | ||||
| Home Price | Monthly | County | Price/Rent | |
| City/Town | (000s) | Rent | (for Rent) | Index* |
| Kingston, NY | $182 | $1,479 | 8.3 | |
| Concord, NH | $221 | $1,722 | Merrimack | 8.6 |
| San Marcos, TX | $230 | $1,679 | Caldwell/Hays | 9.2 |
| Hanover, PA | $175 | $1,229 | York | 9.6 |
| Columbia, SC | $171 | $1,173 | 9.8 | |
| Winter Haven, FL | $168 | $1,134 | Polk | 9.9 |
| Bloomington, IN | $180 | $1,208 | 10.0 | |
| Valdosta, GA | $150 | $994 | 10.1 | |
| Fond du Lac, WI | $152 | $993 | 10.3 | |
| Lynchburg, VA | $166 | $1,079 | 10.3 | |
| Portland, ME | $278 | $1,805 | 10.3 | |
| Clarksville, TN | $181 | $1,169 | 10.4 | |
| Gatlinburg, TN | $165 | $1,061 | Sevier | 10.4 |
| Springfield, MO | $174 | $1,105 | 10.6 | |
| Green Bay, WI | $176 | $1,113 | 10.6 | |
| * A lower Price/Rent Index is a strong case for buying that retirement home, | ||||
| a higher index indicates you should consider renting. | ||||
| * Price/Rent Ratio = Percentage of the City Average Home Price (adjusted for the | ||||
| statistical difference between the average and median) to the Median | ||||
| Annual Rent of a similar house (assume a 3-bedroom house) | ||||
| Current Home Prices are through September 2018. Monthly Rents are for 2018. | ||||
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