Zillow Advice: Rent vs Buy - Alameda House Sales Price vs. Rental Prices http://www.zillow.com/advice-thread/Alameda-House-Sales-Price-vs-Rental-Prices/437640/ Zillow Advice | Zillow Real Estate Hello Nancy your question ... http://www.zillow.com/advice-thread/Alameda-House-Sales-Price-vs-Rental-Prices/437640/ Hello Nancy your question covers a lot of ground.&nbsp; Alameda County is a big place and prices cover a wide ground.&nbsp; A 3-4 bedroom house can cost less than 400k in some cities and over 1 million in others.<br/><br/>&nbsp; As for Sales price vs. Rental price&nbsp;in some towns the monthly payments are very close to each other.&nbsp; The other thing is availablility right now in the town of Alameda there is very low inventory both for rentals and sales with detached homes particularly hard to find for rent.&nbsp; <br/><br/>Property tax rates vary from town to town with the average rate being about 1.26% of the purchase price per year.&nbsp; <br/><br/>As an investment, long term residential realestate has been a winner.&nbsp; The thing to remember is that we had an unprecedented price drop so I think if you can plan on being in the property for at least 5 years you will do well.&nbsp; The other thing to remember is that there is never any appriciation in your equity when you rent only an increase in the amount you pay. Tue, 03 Apr 2012 15:28:00 GMT http://www.zillow.com/advice-thread/Alameda-House-Sales-Price-vs-Rental-Prices/437640/ 2012-04-03T15:28:00Z It's different for every ... http://www.zillow.com/advice-thread/Alameda-House-Sales-Price-vs-Rental-Prices/437640/ It's different for every city.<br/><br/>For example, in the city of Alameda, it's around 40% renters-60% owners, unlike in San Francisco where it's nearly 75% renters. It's possible the denser the area and the closer to the city hubs, the higher the renter % may be.<br/><br/>And average prices also differ. Expect to pay more for housing in Alameda, Albany, Berkeley, Piedmont and some parts of Oakland, Fremont. You'll find less expensive homes (and larger lots, too) in San Lorenzo, San Leandro, Hayward, Newark.<br/><br/>Count on around 1.125% tax rate.<br/><br/>Are you buying to live in the house, or are you looking for income properties? <br/><br/>If you want to rent out property, you may want to look at multi-unit properties, like a triplex. If you want to live in one and rent out the other, you can look for duplexes. If you want lower rates, then you can't go over a four-plex...because&nbsp; 1-4 units still have residential loans, but 5 or more units get&nbsp; commercial loans with higher down payment requirements and maybe even higher rates. Tue, 03 Apr 2012 05:38:00 GMT http://www.zillow.com/advice-thread/Alameda-House-Sales-Price-vs-Rental-Prices/437640/ 2012-04-03T05:38:00Z