Ratio of the median home price to the 20-year rent price
Based on the median rent price for that month
The ratio rose rapidly during the pandemic for the San Jose and San Francisco metro areas, from roughly 1.7 times and 1.4 times, respectively, to 2.2 times and 1.9 times. Over the same period, the ratio rose in the U.S. overall from about 0.9 times to 1.0 times.