[tcimac]

I use a very crass method of figuring out how much rent I will get on an investment property I am looking at by dividing the purchase price by 0.1%.

As I said, it is very crass, but it will at least give you a very ballpark figure on how much you can expect to pay for a property.

The other thing to bear in mind about median price is to ensure you are looking at a yearly median not a monthly one. Monthly median house prices that some real estate agents publish can be very misleading.