Price/Rent Ratio in Kenya compared to Africa
Last update:
Next update:
March 2017
This price-to-rent ratio helps assess whether it is more cost-effective to buy or rent a home in a given market. A high price-to-rent ratio suggests that buying a property is more expensive relative to renting, whereas a low ratio indicates that buying may be more favorable than renting.
- Price-to-Rent Ratio below 16: It's generally cheaper to buy a home than to rent.
- Price-to-Rent Ratio between 17 and 20: The cost of buying and renting is roughly comparable.
- Price-to-Rent Ratio above 21: It's generally cheaper to rent than to buy.
Compare Countries and Cities
Kenya does not publish house price statistics. Good general economics statistics and economic reviews are available from the Kenya National Bureau of Statistics and the Bank of Kenya.
