Northern America: Property Prices Index by City 2023 Mid-Year

Chart: Price to Income Ratio
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Rank
City
Price To Income Ratio
Gross Rental Yield City Centre
Gross Rental Yield Outside of Centre
Price To Rent Ratio City Centre
Price To Rent Ratio Outside Of City Centre
Mortgage As A Percentage Of Income
Affordability Index
Vancouver, Canada 14.4 4.0 4.2 25.0 23.6 126.8 0.8
Victoria, Canada 14.4 3.9 3.7 25.9 26.7 131.2 0.8
Toronto, Canada 13.3 4.0 4.2 25.1 23.9 113.8 0.9
Quebec City, Canada 10.2 2.0 5.5 50.2 18.3 96.4 1.0
New York, NY, United States 10.0 5.5 5.3 18.1 18.8 90.0 1.1
Mississauga, Canada 9.7 4.5 5.1 22.0 19.5 87.5 1.1
Ottawa, Canada 9.7 4.2 4.1 23.5 24.5 91.3 1.1
San Diego, CA, United States 9.5 5.7 5.0 17.6 20.0 84.6 1.2
San Jose, CA, United States 9.3 3.8 4.7 26.1 21.4 83.9 1.2
San Francisco, CA, United States 9.1 6.2 5.2 16.2 19.3 81.1 1.2
Honolulu, HI, United States 9.0 5.9 6.5 16.9 15.5 81.2 1.2
Montreal, Canada 8.4 3.8 5.1 26.5 19.5 70.7 1.4
Boston, MA, United States 8.2 5.3 6.3 18.8 15.9 74.3 1.3
Madison, WI, United States 8.0 5.2 6.0 19.2 16.7 70.5 1.4
Columbus, OH, United States 7.8 3.9 6.6 25.4 15.2 68.7 1.5
Raleigh, NC, United States 7.3 5.3 7.4 18.8 13.4 65.1 1.5
Los Angeles, CA, United States 6.7 6.2 6.9 16.2 14.4 60.7 1.6
Nanaimo, BC, Canada 6.7 7.2 6.2 13.9 16.0 60.7 1.6
Austin, TX, United States 6.5 5.8 9.0 17.1 11.1 59.1 1.7
Winnipeg, Canada 6.5 6.1 6.4 16.4 15.7 58.7 1.7
Seattle, WA, United States 6.4 6.4 6.9 15.7 14.5 57.2 1.7
Portland, OR, United States 6.1 6.2 6.8 16.3 14.7 55.8 1.8
Calgary, Canada 6.0 5.8 6.6 17.3 15.1 54.7 1.8
Miami, FL, United States 6.0 8.6 13.2 11.7 7.5 54.7 1.8
Kelowna, Canada 6.0 6.7 7.8 14.9 12.9 53.6 1.9
Boise, ID, United States 6.0 6.9 7.2 14.4 13.8 54.5 1.8
Washington, DC, United States 6.0 6.5 7.9 15.4 12.6 53.6 1.9
Reno, NV, United States 5.3 9.3 9.5 10.8 10.5 48.8 2.1
San Antonio, TX, United States 5.2 6.6 5.9 15.2 17.0 46.3 2.2
Oklahoma City, OK, United States 5.0 8.0 7.8 12.5 12.8 45.1 2.2
Jacksonville, FL, United States 4.9 6.7 6.5 14.9 15.5 42.7 2.3
London, Canada 4.9 7.0 7.4 14.4 13.5 41.0 2.4
Tampa, FL, United States 4.7 7.6 11.3 13.1 8.9 41.2 2.4
Charlotte, NC, United States 4.4 10.0 10.6 10.0 9.4 39.5 2.5
Orlando, FL, United States 4.3 8.0 11.5 12.5 8.7 37.8 2.6
Dallas, TX, United States 4.2 7.9 12.0 12.6 8.3 37.6 2.7
Albuquerque, NM, United States 4.2 6.2 7.9 16.1 12.7 37.4 2.7
Fort Lauderdale, FL, United States 4.2 9.4 12.3 10.7 8.2 38.5 2.6
Las Vegas, NV, United States 3.9 11.5 9.9 8.7 10.1 35.5 2.8
Ann Arbor, MI, United States 3.8 9.3 10.1 10.8 9.9 34.5 2.9
Denver, CO, United States 3.8 9.0 9.3 11.1 10.7 33.4 3.0
Nashville, TN, United States 3.7 10.1 12.3 9.9 8.2 33.7 3.0
Edmonton, Canada 3.4 9.0 8.5 11.2 11.8 29.6 3.4
Salt Lake City, UT, United States 3.4 9.6 10.8 10.4 9.3 31.1 3.2
Phoenix, AZ, United States 2.8 11.8 12.2 8.5 8.2 24.3 4.1
Chicago, IL, United States 2.7 12.2 11.9 8.2 8.4 24.3 4.1
Atlanta, GA, United States 2.7 13.1 14.0 7.6 7.1 23.4 4.3
Colorado Springs, CO, United States 2.4 12.3 12.3 8.1 8.1 21.8 4.6
Houston, TX, United States 2.1 11.8 15.7 8.5 6.4 19.2 5.2