CapRateCity · Vol. II No. 32Established 2025775 US Markets Tracked
CapRateCity
An independent investor's notebook on US rental markets.

Rental Property Data by State

Browse all 50 US states ranked by average cap rate. Click any state to see its cities ranked for rental property investing.

#1Mississippi9 cities
6.3%
#2West Virginia10 cities
5.9%
#3Louisiana13 cities
5.9%
#4Alabama18 cities
5.7%
#5Oklahoma18 cities
5.7%
#6New Mexico12 cities
5.0%
#7Georgia26 cities
5.0%
#8South Carolina15 cities
4.9%
#9Kentucky14 cities
4.8%
#10Florida31 cities
4.6%
#11Arkansas10 cities
4.5%
#12North Carolina36 cities
4.5%
#13Illinois17 cities
4.4%
#14New York24 cities
4.2%
#15Tennessee21 cities
4.1%
#16Alaska2 cities
4.1%
#17Virginia15 cities
4.1%
#18Delaware2 cities
4.1%
#19Indiana25 cities
4.0%
#20Texas52 cities
3.9%
#21Michigan22 cities
3.9%
#22Kansas14 cities
3.8%
#23Pennsylvania30 cities
3.8%
#24Ohio27 cities
3.7%
#25Maryland7 cities
3.6%
#26Maine4 cities
3.5%
#27Arizona17 cities
3.5%
#28Nebraska10 cities
3.3%
#29Missouri17 cities
3.3%
#30Iowa14 cities
3.1%
#31Nevada11 cities
3.1%
#32Minnesota16 cities
3.1%
#33Hawaii5 cities
3.1%
#34Massachusetts8 cities
3.0%
#35California38 cities
3.0%
#36Connecticut8 cities
2.9%
#37North Dakota8 cities
2.8%
#38Colorado18 cities
2.7%
#39Oregon19 cities
2.7%
#40DC1 city
2.7%
#41Wyoming7 cities
2.7%
#42Vermont3 cities
2.6%
#43Idaho16 cities
2.6%
#44New Hampshire6 cities
2.5%
#45New Jersey10 cities
2.5%
#46Montana7 cities
2.5%
#47Rhode Island3 cities
2.5%
#48Washington22 cities
2.4%
#49Utah8 cities
2.4%
#50South Dakota7 cities
2.2%
#51Wisconsin22 cities
1.8%
The CapRateCity Report
Weekly market analysis: highest cap rate cities, emerging markets, and deal breakdowns. Free, no spam.