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Rent vs P&I is the median rent as a share of principal and interest at 20 percent down and 6.5 percent over 30 years, before every other cost; 100 percent means rent covers principal and interest and nothing else, not taxes or insurance. Across all 597 cities, rent clears that bar in 373 (62 percent).
Market Analysis
September 2, 2026· Updated September 10, 2026
8 min read
Cap Rate by City: Gross Rental Yields for 597 US Cities (2026)
Gross rental yield, the number every cap rate starts from, ranked for 597 US cities from Resideline's closings and rental listings. Median city 6.57 percent; 94 cities at 8 percent or more.
Resideline Team
A cap rate is net operating income over price. The number every cap rate starts from is gross yield, twelve months of rent over the price, and that is what this page ranks, city by city, from the closings and rental listings Resideline tracks. 597 cities clear the bar: at least 150 rentals leaving the market in the last 12 months, a median closed home price, and a Resideline market page to link to. The median city yields 6.57 percent gross; the middle 80 percent run 4.5 to 8.5 percent; 94 cities (16 percent) reach 8 percent or more.
Two things this is not. It is not a cap rate, because taxes, insurance, vacancy, repairs and management are not subtracted, and they differ from one property to the next far more than rents do. And the rent is a market level rather than a quote: a blend of confirmed lease closes and the last rent asked on rentals that left the market, labelled observed rent throughout. Rows marked condo-heavy draw more than half their rentals from condos and apartments, so the rent is for a unit while the price mixes units and houses; rows marked thin sample rest on fewer than 200 rentals. Treat the ranking as the screen that comes before underwriting, not as the underwriting.
The top 50
| # | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 1 | Gary, IN | 20.0% | $1,500 | $90,000 | 330% | 285 |
| 2 | Detroit, MI | 17.3% | $1,300 | $90,000 | 286% | 2,203 |
| 3 | Lauderhill, FL (condo-heavy) | 13.8% | $1,900 | $165,000 | 228% | 553 |
| 4 | Flint, MI | 13.6% | $975 | $86,000 | 224% | 205 |
| 5 | Binghamton, NY (condo-heavy, thin sample) | 12.8% | $1,900 | $178,250 | 211% | 187 |
| 6 | Deerfield Beach, FL (condo-heavy) | 12.8% | $2,475 | $232,500 | 211% | 598 |
| 7 | Euclid, OH (thin sample) | 12.4% | $1,500 | $145,000 | 205% | 172 |
| 8 | Montgomery, AL | 12.3% | $1,450 | $142,000 | 202% | 404 |
| 9 | Abilene, TX | 11.3% | $2,499 | $265,000 | 186% | 221 |
| 10 | Cleveland, OH | 11.1% | $1,465 | $158,000 | 183% | 2,966 |
| 11 | Peoria, IL | 11.1% | $1,200 | $130,000 | 183% | 286 |
| 12 | Toledo, OH | 10.9% | $1,230 | $136,000 | 179% | 728 |
| 13 | Jackson, MS | 10.8% | $1,350 | $149,900 | 178% | 432 |
| 14 | Decatur, IL (thin sample) | 10.5% | $995 | $114,005 | 173% | 198 |
| 15 | Akron, OH | 10.3% | $1,250 | $145,000 | 170% | 648 |
| 16 | Rockford, IL | 10.3% | $1,550 | $180,000 | 170% | 295 |
| 17 | Syracuse, NY | 10.3% | $1,850 | $215,000 | 170% | 273 |
| 18 | Florissant, MO | 10.2% | $1,685 | $198,737 | 168% | 237 |
| 19 | Memphis, TN | 10.1% | $1,395 | $165,000 | 167% | 2,294 |
| 20 | Delray Beach, FL (condo-heavy) | 10.1% | $2,700 | $320,000 | 167% | 1,503 |
| 21 | Mesquite, TX | 10.1% | $2,400 | $285,000 | 167% | 276 |
| 22 | Lansing, MI (condo-heavy) | 9.9% | $1,350 | $163,000 | 164% | 235 |
| 23 | Rochester, NY | 9.9% | $1,850 | $225,000 | 163% | 622 |
| 24 | Bloomington, IN | 9.9% | $2,750 | $335,000 | 162% | 309 |
| 25 | Warren, MI | 9.7% | $1,550 | $191,000 | 160% | 347 |
| 26 | Lawton, OK | 9.7% | $1,200 | $149,000 | 159% | 367 |
| 27 | Schaumburg, IL (thin sample) | 9.5% | $2,500 | $315,000 | 157% | 155 |
| 28 | Cleveland Heights, OH (thin sample) | 9.5% | $1,899 | $241,000 | 156% | 169 |
| 29 | Forney, TX | 9.4% | $2,649 | $336,500 | 156% | 341 |
| 30 | Coconut Creek, FL (condo-heavy) | 9.4% | $2,200 | $280,000 | 155% | 276 |
| 31 | Toms River, NJ | 9.3% | $3,300 | $425,000 | 154% | 222 |
| 32 | Saginaw, MI (thin sample) | 9.3% | $1,100 | $142,000 | 153% | 161 |
| 33 | Port Richey, FL (thin sample) | 9.3% | $1,700 | $220,000 | 153% | 190 |
| 34 | Springfield, IL (thin sample) | 9.3% | $1,388 | $180,000 | 152% | 188 |
| 35 | Parkville, MD (thin sample) | 9.2% | $2,350 | $305,000 | 152% | 163 |
| 36 | Baltimore, MD | 9.2% | $1,995 | $260,000 | 152% | 3,239 |
| 37 | Boynton Beach, FL | 9.2% | $2,750 | $360,000 | 151% | 974 |
| 38 | Aurora, IL | 9.1% | $2,500 | $330,000 | 150% | 232 |
| 39 | Columbus, GA | 9.0% | $1,395 | $185,000 | 149% | 523 |
| 40 | Columbia, SC | 9.0% | $1,795 | $239,000 | 149% | 700 |
| 41 | Lithonia, GA | 9.0% | $1,875 | $250,000 | 148% | 303 |
| 42 | Scranton, PA (condo-heavy) | 9.0% | $1,500 | $200,000 | 148% | 207 |
| 43 | Pompano Beach, FL (condo-heavy) | 9.0% | $2,500 | $335,000 | 148% | 1,950 |
| 44 | Macon, GA | 8.9% | $1,300 | $175,000 | 147% | 517 |
| 45 | Pittsburgh, PA | 8.9% | $1,800 | $242,500 | 147% | 1,562 |
| 46 | South Bend, IN | 8.8% | $1,450 | $197,000 | 146% | 256 |
| 47 | Stone Mountain, GA | 8.8% | $1,950 | $265,000 | 146% | 205 |
| 48 | Hallandale Beach, FL (condo-heavy) | 8.8% | $2,500 | $340,000 | 145% | 1,130 |
| 49 | Hinesville, GA (thin sample) | 8.8% | $1,838 | $250,000 | 145% | 154 |
| 50 | Philadelphia, PA | 8.8% | $1,800 | $245,000 | 145% | 4,422 |
What the top of the list has in common
Of the 25 highest yields, 18 sit in cities where the median closed price is under $200,000 and 5 are condo-heavy rental markets, where the rent is for a unit and the price is for a mix of units and houses. High yield is mostly a low denominator. A 20.0 percent yield on a $90,000 home in Gary and a 9.3 percent yield on a $425,000 home in Toms River are different businesses: the first has a far lower dollar rent behind each point of yield and, in most such cities, a thinner resale market; the second has a much larger dollar rent for each point of yield.
The bottom of the ranking is where prices ran ahead of rents: Beverly Hills at 2.4 percent, Newport Beach at 2.5 percent, Berkeley at 2.8 percent. For cities like those, the realized appreciation study is the better lens, because rent is not what buyers there are paying for.
Every city, by state
Alabama (7)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 8 | Montgomery, AL | 12.3% | $1,450 | $142,000 | 202% | 404 |
| 122 | Tuscaloosa, AL (thin sample) | 7.8% | $1,745 | $269,155 | 128% | 185 |
| 129 | Mobile, AL | 7.7% | $1,450 | $225,000 | 127% | 467 |
| 272 | Daphne, AL | 6.7% | $1,962 | $350,000 | 111% | 200 |
| 326 | Huntsville, AL | 6.4% | $1,595 | $300,000 | 105% | 550 |
| 343 | Birmingham, AL | 6.2% | $1,300 | $250,000 | 103% | 1,252 |
| 355 | Madison, AL | 6.2% | $1,937 | $374,900 | 102% | 258 |
Arizona (21)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 236 | Casa Grande, AZ (thin sample) | 7.0% | $1,745 | $300,000 | 115% | 161 |
| 306 | Tempe, AZ | 6.5% | $2,500 | $459,500 | 108% | 477 |
| 317 | Glendale, AZ | 6.4% | $2,199 | $410,000 | 106% | 384 |
| 320 | Kingman, AZ (thin sample) | 6.4% | $1,425 | $266,500 | 106% | 151 |
| 324 | Bullhead City, AZ | 6.4% | $1,650 | $309,490 | 105% | 258 |
| 327 | Tucson, AZ | 6.4% | $1,854 | $350,000 | 105% | 1,445 |
| 334 | Yuma, AZ | 6.3% | $1,650 | $315,000 | 104% | 205 |
| 336 | Mesa, AZ | 6.3% | $2,250 | $430,000 | 103% | 773 |
| 340 | Buckeye, AZ | 6.3% | $2,085 | $399,990 | 103% | 204 |
| 351 | Surprise, AZ | 6.2% | $2,200 | $424,900 | 102% | 400 |
| 381 | Phoenix, AZ | 6.0% | $2,150 | $428,000 | 99% | 2,621 |
| 388 | Goodyear, AZ | 6.0% | $2,300 | $460,000 | 99% | 244 |
| 401 | Chandler, AZ | 5.9% | $2,495 | $508,400 | 97% | 413 |
| 433 | Peoria, AZ | 5.6% | $2,395 | $515,000 | 92% | 326 |
| 441 | Prescott Valley, AZ (thin sample) | 5.5% | $2,200 | $478,750 | 91% | 150 |
| 451 | Queen Creek, AZ | 5.5% | $2,300 | $505,000 | 90% | 316 |
| 475 | Gilbert, AZ | 5.3% | $2,500 | $570,000 | 87% | 433 |
| 509 | Lake Havasu City, AZ | 4.9% | $1,900 | $469,900 | 80% | 343 |
| 511 | Scottsdale, AZ | 4.8% | $3,699 | $919,500 | 80% | 1,243 |
| 527 | Prescott, AZ (thin sample) | 4.5% | $2,350 | $620,000 | 75% | 190 |
| 535 | Flagstaff, AZ (thin sample) | 4.5% | $2,500 | $671,000 | 74% | 164 |
Arkansas (6)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 59 | North Little Rock, AR (thin sample) | 8.6% | $1,295 | $181,000 | 141% | 177 |
| 73 | Jonesboro, AR (thin sample) | 8.2% | $1,550 | $226,400 | 135% | 176 |
| 130 | Fort Smith, AR (thin sample) | 7.7% | $1,350 | $209,525 | 127% | 154 |
| 378 | Little Rock, AR | 6.0% | $1,350 | $268,000 | 100% | 490 |
| 423 | Fayetteville, AR | 5.7% | $1,875 | $396,080 | 94% | 357 |
| 503 | Bentonville, AR | 4.9% | $1,850 | $448,950 | 81% | 223 |
California (99)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 58 | La Quinta, CA | 8.6% | $5,000 | $696,347 | 142% | 378 |
| 62 | Indio, CA (thin sample) | 8.5% | $3,775 | $535,000 | 140% | 190 |
| 124 | Laguna Woods, CA (condo-heavy, thin sample) | 7.8% | $2,850 | $440,000 | 128% | 180 |
| 191 | Lancaster, CA | 7.3% | $2,800 | $460,000 | 120% | 310 |
| 199 | Palm Desert, CA | 7.3% | $3,500 | $577,500 | 120% | 403 |
| 207 | Palmdale, CA | 7.2% | $3,000 | $500,000 | 119% | 259 |
| 213 | Fresno, CA | 7.2% | $2,395 | $400,000 | 118% | 549 |
| 216 | Desert Hot Springs, CA (thin sample) | 7.2% | $2,362 | $395,000 | 118% | 174 |
| 237 | Victorville, CA | 7.0% | $2,500 | $429,900 | 115% | 265 |
| 247 | Bakersfield, CA | 6.9% | $2,295 | $399,900 | 113% | 612 |
| 267 | Hemet, CA | 6.8% | $2,462 | $436,750 | 111% | 246 |
| 290 | Menifee, CA | 6.6% | $3,199 | $580,000 | 109% | 433 |
| 295 | Merced, CA (thin sample) | 6.6% | $2,200 | $400,000 | 109% | 186 |
| 298 | Stockton, CA | 6.6% | $2,300 | $420,000 | 108% | 270 |
| 303 | Moreno Valley, CA | 6.5% | $3,000 | $550,000 | 108% | 227 |
| 315 | Modesto, CA | 6.5% | $2,400 | $445,000 | 107% | 211 |
| 353 | Sacramento, CA | 6.2% | $2,500 | $483,000 | 102% | 1,132 |
| 360 | Fontana, CA | 6.2% | $3,295 | $640,000 | 102% | 306 |
| 369 | Lake Elsinore, CA (thin sample) | 6.1% | $3,000 | $590,000 | 101% | 168 |
| 374 | Santa Clarita, CA | 6.1% | $3,994 | $790,000 | 100% | 292 |
| 380 | Clovis, CA | 6.0% | $2,500 | $497,000 | 99% | 210 |
| 383 | Palm Springs, CA (condo-heavy) | 6.0% | $3,000 | $599,000 | 99% | 362 |
| 392 | Manteca, CA | 6.0% | $2,995 | $600,000 | 99% | 240 |
| 406 | Ontario, CA | 5.8% | $3,162 | $649,104 | 96% | 412 |
| 413 | Chula Vista, CA | 5.8% | $3,895 | $810,000 | 95% | 398 |
| 415 | Corona, CA | 5.8% | $3,550 | $740,000 | 95% | 393 |
| 417 | Elk Grove, CA | 5.7% | $2,950 | $620,000 | 94% | 316 |
| 418 | Simi Valley, CA | 5.7% | $3,800 | $800,000 | 94% | 226 |
| 424 | Riverside, CA | 5.7% | $3,090 | $655,000 | 93% | 622 |
| 428 | Oxnard, CA | 5.6% | $3,500 | $749,000 | 92% | 265 |
| 429 | Chino, CA | 5.6% | $3,500 | $749,995 | 92% | 200 |
| 430 | Laguna Hills, CA (condo-heavy) | 5.6% | $3,395 | $727,500 | 92% | 365 |
| 431 | Temecula, CA | 5.6% | $3,497 | $750,000 | 92% | 358 |
| 434 | San Bernardino, CA | 5.6% | $2,325 | $500,000 | 92% | 292 |
| 437 | Roseville, CA | 5.6% | $2,995 | $646,000 | 92% | 307 |
| 442 | Murrieta, CA | 5.5% | $3,100 | $675,000 | 91% | 329 |
| 454 | Reseda, CA | 5.4% | $3,649 | $805,000 | 90% | 297 |
| 457 | Oceanside, CA | 5.4% | $3,900 | $862,500 | 89% | 331 |
| 464 | Santa Rosa, CA (thin sample) | 5.3% | $3,200 | $719,995 | 88% | 183 |
| 465 | Rancho Cucamonga, CA | 5.3% | $3,390 | $765,000 | 88% | 394 |
| 467 | Pomona, CA | 5.3% | $2,900 | $655,000 | 88% | 216 |
| 468 | West Hills, CA (thin sample) | 5.3% | $4,600 | $1,040,000 | 87% | 162 |
| 481 | Redlands, CA (thin sample) | 5.2% | $2,850 | $655,000 | 86% | 174 |
| 488 | Tracy, CA | 5.1% | $3,000 | $700,000 | 85% | 218 |
| 498 | San Marcos, CA (thin sample) | 5.0% | $3,672 | $880,000 | 83% | 150 |
| 500 | Woodland Hills, CA | 5.0% | $5,300 | $1,278,000 | 82% | 516 |
| 502 | Upland, CA (thin sample) | 5.0% | $3,300 | $799,999 | 82% | 183 |
| 505 | Thousand Oaks, CA | 4.9% | $4,525 | $1,099,000 | 81% | 276 |
| 510 | Ventura, CA | 4.8% | $3,498 | $867,470 | 80% | 218 |
| 517 | Van Nuys, CA | 4.7% | $3,495 | $899,450 | 77% | 555 |
| 518 | El Cajon, CA (thin sample) | 4.6% | $2,995 | $775,000 | 76% | 192 |
| 519 | San Diego, CA | 4.6% | $3,650 | $945,000 | 76% | 3,563 |
| 521 | Inglewood, CA (thin sample) | 4.6% | $3,000 | $779,500 | 76% | 191 |
| 522 | Lake Forest, CA | 4.6% | $4,500 | $1,175,000 | 76% | 296 |
| 525 | Garden Grove, CA | 4.6% | $3,700 | $970,000 | 75% | 226 |
| 526 | Escondido, CA (thin sample) | 4.6% | $3,150 | $829,999 | 75% | 179 |
| 530 | Mission Viejo, CA | 4.5% | $4,500 | $1,199,990 | 74% | 500 |
| 531 | Davis, CA (thin sample) | 4.5% | $3,000 | $800,000 | 74% | 152 |
| 534 | Chino Hills, CA (thin sample) | 4.5% | $3,700 | $990,000 | 74% | 193 |
| 537 | West Hollywood, CA | 4.5% | $4,600 | $1,238,500 | 73% | 489 |
| 540 | Fullerton, CA | 4.4% | $3,650 | $987,950 | 73% | 274 |
| 541 | Diamond Bar, CA (thin sample) | 4.4% | $3,580 | $970,000 | 73% | 185 |
| 542 | North Hollywood, CA | 4.4% | $3,500 | $949,450 | 73% | 653 |
| 543 | San Pedro, CA (thin sample) | 4.4% | $3,000 | $815,000 | 73% | 190 |
| 544 | Whittier, CA (thin sample) | 4.4% | $3,000 | $820,000 | 72% | 189 |
| 547 | Tustin, CA | 4.3% | $4,200 | $1,159,500 | 72% | 209 |
| 548 | Torrance, CA | 4.3% | $3,800 | $1,049,675 | 72% | 405 |
| 549 | Oakland, CA (condo-heavy) | 4.3% | $2,729 | $755,000 | 71% | 624 |
| 550 | Rancho Santa Margarita, CA | 4.3% | $4,100 | $1,142,000 | 71% | 247 |
| 553 | Los Angeles, CA | 4.2% | $3,700 | $1,050,000 | 70% | 7,516 |
| 554 | Santa Ana, CA | 4.2% | $3,050 | $870,000 | 69% | 286 |
| 558 | Yorba Linda, CA (thin sample) | 4.2% | $4,500 | $1,300,000 | 68% | 179 |
| 561 | Orange, CA | 4.1% | $3,900 | $1,145,000 | 67% | 333 |
| 562 | Huntington Beach, CA | 4.1% | $4,400 | $1,293,000 | 67% | 645 |
| 563 | Encino, CA | 4.1% | $4,577 | $1,355,000 | 67% | 275 |
| 564 | Irvine, CA | 4.1% | $4,850 | $1,436,500 | 67% | 1,988 |
| 565 | Sherman Oaks, CA | 4.0% | $4,750 | $1,420,000 | 66% | 412 |
| 566 | Santa Barbara, CA | 4.0% | $6,150 | $1,850,000 | 66% | 269 |
| 568 | Long Beach, CA | 4.0% | $2,800 | $850,000 | 65% | 975 |
| 569 | Laguna Niguel, CA | 3.9% | $5,000 | $1,520,000 | 65% | 568 |
| 571 | San Francisco, CA (condo-heavy) | 3.9% | $4,895 | $1,505,000 | 64% | 507 |
| 572 | Carlsbad, CA | 3.9% | $4,950 | $1,525,000 | 64% | 299 |
| 575 | San Mateo, CA (thin sample) | 3.8% | $5,000 | $1,560,000 | 63% | 156 |
| 576 | Costa Mesa, CA | 3.8% | $4,500 | $1,425,000 | 62% | 289 |
| 577 | Burbank, CA | 3.8% | $3,500 | $1,115,000 | 62% | 400 |
| 579 | Redondo Beach, CA | 3.7% | $4,950 | $1,620,000 | 60% | 415 |
| 580 | Encinitas, CA (thin sample) | 3.6% | $6,000 | $1,975,000 | 60% | 162 |
| 582 | Alhambra, CA | 3.6% | $2,700 | $892,500 | 60% | 211 |
| 583 | San Jose, CA | 3.6% | $4,000 | $1,345,000 | 59% | 762 |
| 584 | La Jolla, CA | 3.5% | $6,500 | $2,200,000 | 58% | 250 |
| 588 | Pasadena, CA | 3.4% | $3,500 | $1,233,000 | 56% | 471 |
| 589 | Arcadia, CA | 3.3% | $3,950 | $1,450,000 | 54% | 249 |
| 590 | San Clemente, CA | 3.2% | $4,675 | $1,749,500 | 53% | 352 |
| 591 | Fremont, CA (thin sample) | 3.1% | $3,798 | $1,450,000 | 52% | 188 |
| 593 | Santa Monica, CA | 3.1% | $4,595 | $1,803,400 | 50% | 634 |
| 594 | Glendale, CA | 2.9% | $3,000 | $1,250,000 | 47% | 665 |
| 595 | Berkeley, CA (condo-heavy) | 2.8% | $3,250 | $1,405,000 | 46% | 211 |
| 596 | Newport Beach, CA | 2.5% | $7,200 | $3,435,000 | 41% | 559 |
| 597 | Beverly Hills, CA | 2.4% | $6,200 | $3,072,000 | 40% | 349 |
Colorado (13)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 307 | Aurora, CO | 6.5% | $2,582 | $475,000 | 108% | 720 |
| 348 | Pueblo, CO | 6.2% | $1,500 | $289,450 | 102% | 201 |
| 396 | Colorado Springs, CO | 5.9% | $2,200 | $445,000 | 98% | 1,236 |
| 411 | Arvada, CO (thin sample) | 5.8% | $2,945 | $610,200 | 95% | 165 |
| 414 | Grand Junction, CO (thin sample) | 5.8% | $2,000 | $416,750 | 95% | 189 |
| 448 | Denver, CO | 5.5% | $2,600 | $569,000 | 90% | 2,195 |
| 449 | Fort Collins, CO | 5.5% | $2,470 | $540,700 | 90% | 478 |
| 453 | Parker, CO (thin sample) | 5.4% | $3,095 | $682,250 | 90% | 189 |
| 458 | Lakewood, CO (thin sample) | 5.4% | $2,575 | $570,000 | 89% | 181 |
| 462 | Longmont, CO (thin sample) | 5.4% | $2,500 | $560,000 | 88% | 199 |
| 466 | Castle Rock, CO (thin sample) | 5.3% | $3,100 | $700,000 | 88% | 164 |
| 479 | Littleton, CO | 5.2% | $2,798 | $641,500 | 86% | 200 |
| 581 | Boulder, CO (condo-heavy) | 3.6% | $2,800 | $924,500 | 60% | 491 |
Connecticut (12)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 240 | Milford, CT | 6.9% | $2,800 | $485,000 | 114% | 203 |
| 261 | Waterbury, CT | 6.8% | $1,650 | $290,000 | 113% | 344 |
| 316 | Bridgeport, CT | 6.5% | $2,100 | $390,000 | 106% | 600 |
| 325 | New Haven, CT | 6.4% | $2,050 | $385,000 | 105% | 622 |
| 329 | New Britain, CT (thin sample) | 6.4% | $1,800 | $340,000 | 105% | 181 |
| 342 | Danbury, CT | 6.2% | $2,500 | $480,000 | 103% | 211 |
| 382 | Hartford, CT (condo-heavy) | 6.0% | $1,718 | $342,250 | 99% | 360 |
| 399 | West Hartford, CT | 5.9% | $2,500 | $508,000 | 97% | 205 |
| 469 | Norwalk, CT | 5.3% | $3,300 | $747,000 | 87% | 377 |
| 482 | Stamford, CT | 5.2% | $3,045 | $700,000 | 86% | 433 |
| 507 | Fairfield, CT | 4.9% | $3,900 | $950,000 | 81% | 235 |
| 573 | Greenwich, CT | 3.9% | $6,000 | $1,850,000 | 64% | 329 |
Delaware (1)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 171 | Wilmington, DE | 7.4% | $1,945 | $315,000 | 122% | 281 |
Florida (130)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 3 | Lauderhill, FL (condo-heavy) | 13.8% | $1,900 | $165,000 | 228% | 553 |
| 6 | Deerfield Beach, FL (condo-heavy) | 12.8% | $2,475 | $232,500 | 211% | 598 |
| 20 | Delray Beach, FL (condo-heavy) | 10.1% | $2,700 | $320,000 | 167% | 1,503 |
| 30 | Coconut Creek, FL (condo-heavy) | 9.4% | $2,200 | $280,000 | 155% | 276 |
| 33 | Port Richey, FL (thin sample) | 9.3% | $1,700 | $220,000 | 153% | 190 |
| 37 | Boynton Beach, FL | 9.2% | $2,750 | $360,000 | 151% | 974 |
| 43 | Pompano Beach, FL (condo-heavy) | 9.0% | $2,500 | $335,000 | 148% | 1,950 |
| 48 | Hallandale Beach, FL (condo-heavy) | 8.8% | $2,500 | $340,000 | 145% | 1,130 |
| 51 | Holiday, FL (thin sample) | 8.8% | $1,648 | $225,000 | 145% | 192 |
| 54 | Tamarac, FL (condo-heavy) | 8.7% | $2,100 | $290,000 | 143% | 511 |
| 60 | Margate, FL | 8.5% | $2,093 | $295,100 | 140% | 388 |
| 65 | Fort Pierce, FL | 8.4% | $2,200 | $315,000 | 138% | 675 |
| 69 | Jensen Beach, FL (condo-heavy) | 8.3% | $2,900 | $420,000 | 137% | 230 |
| 71 | Sunrise, FL | 8.2% | $2,400 | $350,000 | 136% | 472 |
| 84 | Clearwater, FL (condo-heavy) | 8.1% | $2,100 | $310,000 | 134% | 917 |
| 85 | Daytona Beach, FL | 8.1% | $1,890 | $279,000 | 134% | 534 |
| 88 | Lake Wales, FL (thin sample) | 8.1% | $1,848 | $275,000 | 133% | 168 |
| 89 | Venice, FL | 8.1% | $2,500 | $372,500 | 133% | 511 |
| 92 | Sebring, FL (thin sample) | 8.0% | $1,700 | $254,990 | 132% | 177 |
| 93 | Dunnellon, FL (thin sample) | 8.0% | $1,800 | $269,999 | 132% | 178 |
| 94 | Aventura, FL (condo-heavy) | 8.0% | $3,000 | $450,000 | 132% | 922 |
| 96 | Winter Haven, FL | 8.0% | $1,849 | $277,900 | 132% | 529 |
| 110 | Wellington, FL | 7.9% | $4,200 | $641,250 | 130% | 862 |
| 111 | Ocala, FL | 7.9% | $1,800 | $274,900 | 129% | 1,483 |
| 113 | Tarpon Springs, FL | 7.8% | $1,830 | $280,000 | 129% | 311 |
| 114 | Bonita Springs, FL | 7.8% | $3,495 | $534,900 | 129% | 547 |
| 116 | Altamonte Springs, FL (condo-heavy) | 7.8% | $1,606 | $246,000 | 129% | 294 |
| 120 | Estero, FL | 7.8% | $3,250 | $500,000 | 129% | 323 |
| 121 | Palmetto, FL | 7.8% | $2,399 | $370,000 | 128% | 217 |
| 126 | Punta Gorda, FL | 7.8% | $2,100 | $325,000 | 128% | 643 |
| 127 | Naples, FL | 7.7% | $3,500 | $542,500 | 128% | 2,770 |
| 131 | Haines City, FL | 7.7% | $1,995 | $310,000 | 127% | 359 |
| 134 | Seminole, FL | 7.7% | $2,400 | $375,000 | 127% | 214 |
| 139 | Panama City, FL | 7.7% | $1,914 | $300,000 | 126% | 270 |
| 141 | Vero Beach, FL | 7.6% | $2,350 | $368,645 | 126% | 495 |
| 142 | Pensacola, FL | 7.6% | $1,795 | $282,000 | 126% | 596 |
| 146 | Greenacres, FL | 7.6% | $2,400 | $380,000 | 125% | 540 |
| 147 | Leesburg, FL | 7.6% | $1,800 | $285,000 | 125% | 213 |
| 149 | Poinciana, FL (thin sample) | 7.6% | $1,800 | $286,000 | 124% | 168 |
| 150 | New Port Richey, FL | 7.5% | $1,725 | $275,000 | 124% | 448 |
| 151 | North Port, FL | 7.5% | $1,975 | $315,000 | 124% | 393 |
| 153 | Parrish, FL | 7.5% | $2,500 | $398,950 | 124% | 273 |
| 154 | Bradenton, FL | 7.5% | $2,500 | $399,000 | 124% | 1,372 |
| 158 | Stuart, FL (condo-heavy) | 7.5% | $2,400 | $385,000 | 123% | 430 |
| 162 | Port Charlotte, FL | 7.4% | $1,800 | $290,000 | 123% | 511 |
| 167 | Fort Myers, FL | 7.4% | $2,000 | $323,000 | 122% | 1,862 |
| 169 | North Fort Myers, FL | 7.4% | $1,850 | $299,000 | 122% | 286 |
| 172 | Palm Bay, FL | 7.4% | $1,975 | $319,900 | 122% | 808 |
| 174 | Deltona, FL | 7.4% | $1,850 | $300,000 | 122% | 221 |
| 182 | Spring Hill, FL | 7.3% | $1,945 | $318,000 | 121% | 252 |
| 192 | Riverview, FL | 7.3% | $2,250 | $370,000 | 120% | 691 |
| 193 | Gainesville, FL | 7.3% | $1,800 | $296,000 | 120% | 824 |
| 198 | Doral, FL (condo-heavy) | 7.3% | $3,000 | $495,000 | 120% | 1,161 |
| 200 | Davenport, FL | 7.3% | $2,150 | $355,000 | 120% | 1,243 |
| 201 | Sunny Isles Beach, FL (condo-heavy) | 7.2% | $3,625 | $600,000 | 119% | 774 |
| 204 | Miami Gardens, FL | 7.2% | $2,800 | $465,000 | 119% | 314 |
| 206 | Loxahatchee, FL | 7.2% | $3,900 | $650,000 | 119% | 267 |
| 209 | Tallahassee, FL | 7.2% | $1,800 | $300,000 | 119% | 656 |
| 210 | Kissimmee, FL | 7.2% | $2,100 | $350,000 | 119% | 2,563 |
| 212 | Apopka, FL | 7.2% | $2,395 | $400,000 | 118% | 348 |
| 214 | Ormond Beach, FL (thin sample) | 7.2% | $2,275 | $380,000 | 118% | 161 |
| 217 | Largo, FL | 7.2% | $2,000 | $334,900 | 118% | 320 |
| 218 | Lehigh Acres, FL | 7.2% | $1,830 | $307,000 | 118% | 1,120 |
| 219 | Fort Walton Beach, FL | 7.1% | $1,995 | $335,000 | 118% | 259 |
| 221 | Rockledge, FL (thin sample) | 7.1% | $2,200 | $370,000 | 118% | 195 |
| 222 | West Palm Beach, FL (condo-heavy) | 7.1% | $2,200 | $370,000 | 118% | 2,590 |
| 223 | Miami Beach, FL (condo-heavy) | 7.1% | $3,000 | $505,000 | 117% | 2,697 |
| 224 | Hollywood, FL | 7.1% | $2,700 | $455,000 | 117% | 2,446 |
| 226 | Apollo Beach, FL | 7.1% | $2,400 | $405,000 | 117% | 201 |
| 227 | Dunedin, FL (thin sample) | 7.1% | $2,400 | $405,000 | 117% | 194 |
| 229 | North Miami Beach, FL (condo-heavy) | 7.1% | $2,600 | $440,000 | 117% | 1,077 |
| 231 | Crestview, FL | 7.1% | $1,800 | $306,000 | 116% | 235 |
| 233 | Titusville, FL | 7.0% | $1,700 | $289,900 | 116% | 292 |
| 234 | Boca Raton, FL | 7.0% | $3,342 | $570,000 | 116% | 2,242 |
| 235 | Deland, FL | 7.0% | $1,992 | $340,000 | 116% | 238 |
| 242 | Cocoa, FL | 6.9% | $1,800 | $312,000 | 114% | 254 |
| 244 | Jacksonville, FL | 6.9% | $1,700 | $295,000 | 114% | 2,473 |
| 245 | Plantation, FL | 6.9% | $2,450 | $426,000 | 114% | 452 |
| 250 | Homestead, FL | 6.9% | $2,550 | $445,000 | 113% | 2,001 |
| 251 | Zephyrhills, FL | 6.9% | $2,200 | $383,995 | 113% | 711 |
| 252 | Pembroke Pines, FL | 6.9% | $2,800 | $488,875 | 113% | 1,093 |
| 254 | Brooksville, FL (thin sample) | 6.9% | $1,875 | $327,990 | 113% | 183 |
| 256 | Lakeland, FL | 6.9% | $1,800 | $315,000 | 113% | 766 |
| 262 | Jupiter, FL | 6.8% | $3,750 | $660,000 | 112% | 884 |
| 263 | Lake Worth, FL | 6.8% | $2,500 | $440,000 | 112% | 1,010 |
| 264 | Englewood, FL | 6.8% | $1,950 | $345,000 | 112% | 210 |
| 265 | Miramar, FL | 6.8% | $2,600 | $460,000 | 112% | 949 |
| 266 | Tampa, FL | 6.8% | $2,300 | $407,750 | 112% | 3,644 |
| 271 | Land O Lakes, FL | 6.7% | $2,300 | $409,390 | 111% | 324 |
| 273 | Valrico, FL (thin sample) | 6.7% | $2,325 | $415,000 | 111% | 156 |
| 274 | Sarasota, FL | 6.7% | $2,500 | $447,000 | 111% | 1,595 |
| 277 | Lake Mary, FL (thin sample) | 6.7% | $2,400 | $430,000 | 110% | 179 |
| 278 | Panama City Beach, FL | 6.7% | $2,400 | $430,000 | 110% | 213 |
| 282 | New Smyrna Beach, FL | 6.7% | $2,415 | $435,000 | 110% | 201 |
| 286 | Wesley Chapel, FL | 6.6% | $2,350 | $425,000 | 109% | 484 |
| 288 | Orlando, FL | 6.6% | $2,155 | $389,990 | 109% | 4,935 |
| 289 | Sanford, FL | 6.6% | $2,000 | $362,000 | 109% | 417 |
| 292 | Fort Lauderdale, FL | 6.6% | $2,700 | $490,000 | 109% | 4,155 |
| 294 | Palm Harbor, FL | 6.6% | $2,100 | $381,350 | 109% | 243 |
| 297 | Brandon, FL | 6.6% | $2,000 | $365,000 | 108% | 278 |
| 301 | Saint Cloud, FL | 6.6% | $2,240 | $409,400 | 108% | 712 |
| 304 | Satellite Beach, FL | 6.5% | $2,700 | $495,500 | 108% | 201 |
| 305 | Lutz, FL (thin sample) | 6.5% | $2,530 | $465,000 | 108% | 175 |
| 308 | Oakland Park, FL | 6.5% | $2,500 | $460,000 | 107% | 1,259 |
| 309 | Palm Coast, FL | 6.5% | $1,950 | $359,995 | 107% | 655 |
| 310 | Hialeah, FL | 6.5% | $2,490 | $460,000 | 107% | 1,525 |
| 313 | Weston, FL | 6.5% | $3,700 | $685,000 | 107% | 591 |
| 314 | Miami, FL (condo-heavy) | 6.5% | $3,050 | $565,000 | 107% | 14,983 |
| 318 | Clermont, FL | 6.4% | $2,405 | $449,000 | 106% | 592 |
| 322 | Orange Park, FL | 6.4% | $1,778 | $332,877 | 106% | 208 |
| 323 | Royal Palm Beach, FL | 6.4% | $2,400 | $450,000 | 105% | 440 |
| 328 | Riviera Beach, FL | 6.4% | $2,500 | $472,000 | 105% | 703 |
| 331 | Cape Coral, FL | 6.3% | $1,900 | $360,000 | 104% | 1,740 |
| 333 | Cocoa Beach, FL (condo-heavy) | 6.3% | $2,500 | $475,000 | 104% | 244 |
| 344 | Davie, FL | 6.2% | $2,650 | $510,000 | 103% | 469 |
| 345 | Melbourne, FL | 6.2% | $2,000 | $385,000 | 103% | 786 |
| 350 | Merritt Island, FL | 6.2% | $2,460 | $474,750 | 102% | 250 |
| 352 | Saint Augustine, FL | 6.2% | $2,200 | $425,000 | 102% | 561 |
| 359 | Winter Park, FL | 6.2% | $2,395 | $465,000 | 102% | 355 |
| 365 | Palm Beach Gardens, FL | 6.1% | $3,765 | $735,000 | 101% | 906 |
| 372 | Winter Springs, FL (thin sample) | 6.1% | $2,100 | $413,990 | 100% | 158 |
| 405 | Winter Garden, FL | 5.9% | $2,834 | $580,000 | 97% | 699 |
| 416 | Oviedo, FL | 5.8% | $2,300 | $480,000 | 95% | 231 |
| 425 | Lake Worth Beach, FL | 5.6% | $1,950 | $415,000 | 93% | 283 |
| 461 | North Miami, FL | 5.4% | $2,195 | $491,000 | 88% | 670 |
| 474 | Cutler Bay, FL | 5.3% | $2,500 | $570,000 | 87% | 306 |
| 523 | Coral Springs, FL | 4.6% | $2,350 | $615,000 | 76% | 909 |
| 532 | Palm Beach, FL (condo-heavy, thin sample) | 4.5% | $5,900 | $1,575,000 | 74% | 177 |
| 545 | Windermere, FL | 4.4% | $2,850 | $780,300 | 72% | 290 |
| 578 | Coral Gables, FL | 3.7% | $3,850 | $1,250,000 | 61% | 559 |
Georgia (29)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 39 | Columbus, GA | 9.0% | $1,395 | $185,000 | 149% | 523 |
| 41 | Lithonia, GA | 9.0% | $1,875 | $250,000 | 148% | 303 |
| 44 | Macon, GA | 8.9% | $1,300 | $175,000 | 147% | 517 |
| 47 | Stone Mountain, GA | 8.8% | $1,950 | $265,000 | 146% | 205 |
| 49 | Hinesville, GA (thin sample) | 8.8% | $1,838 | $250,000 | 145% | 154 |
| 64 | Warner Robins, GA | 8.5% | $1,550 | $220,000 | 139% | 210 |
| 97 | Decatur, GA | 8.0% | $1,995 | $300,000 | 132% | 416 |
| 99 | Douglasville, GA | 7.9% | $1,995 | $302,000 | 131% | 231 |
| 102 | Augusta, GA | 7.9% | $1,450 | $220,000 | 130% | 635 |
| 104 | Covington, GA | 7.9% | $1,940 | $295,000 | 130% | 217 |
| 105 | Savannah, GA | 7.9% | $2,300 | $350,000 | 130% | 684 |
| 107 | Conyers, GA (thin sample) | 7.9% | $2,000 | $305,000 | 130% | 157 |
| 137 | Stockbridge, GA (thin sample) | 7.7% | $1,850 | $289,700 | 126% | 172 |
| 168 | Grovetown, GA | 7.4% | $1,949 | $315,000 | 122% | 271 |
| 177 | Snellville, GA | 7.4% | $2,214 | $360,000 | 122% | 200 |
| 185 | Valdosta, GA | 7.3% | $1,400 | $229,000 | 121% | 214 |
| 211 | Lawrenceville, GA | 7.2% | $2,300 | $384,000 | 118% | 620 |
| 243 | Atlanta, GA | 6.9% | $2,370 | $410,990 | 114% | 2,808 |
| 276 | Athens, GA | 6.7% | $1,900 | $340,250 | 110% | 359 |
| 280 | Dacula, GA (thin sample) | 6.7% | $2,400 | $431,345 | 110% | 160 |
| 281 | Kennesaw, GA (thin sample) | 6.7% | $2,225 | $400,000 | 110% | 179 |
| 287 | Dallas, GA | 6.6% | $1,990 | $360,000 | 109% | 234 |
| 296 | Smyrna, GA (thin sample) | 6.6% | $2,498 | $455,000 | 109% | 150 |
| 332 | Marietta, GA | 6.3% | $2,400 | $455,000 | 104% | 439 |
| 366 | Buford, GA | 6.1% | $2,400 | $470,000 | 101% | 238 |
| 375 | Woodstock, GA (thin sample) | 6.1% | $2,350 | $465,000 | 100% | 157 |
| 426 | Duluth, GA | 5.6% | $2,300 | $490,000 | 93% | 217 |
| 455 | Cumming, GA | 5.4% | $2,695 | $595,000 | 90% | 237 |
| 557 | Alpharetta, GA | 4.2% | $2,650 | $762,000 | 69% | 235 |
Idaho (2)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 484 | Boise, ID | 5.2% | $2,300 | $529,900 | 86% | 210 |
| 552 | Coeur D Alene, ID (thin sample) | 4.2% | $2,225 | $630,000 | 70% | 156 |
Illinois (10)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 11 | Peoria, IL | 11.1% | $1,200 | $130,000 | 183% | 286 |
| 14 | Decatur, IL (thin sample) | 10.5% | $995 | $114,005 | 173% | 198 |
| 16 | Rockford, IL | 10.3% | $1,550 | $180,000 | 170% | 295 |
| 27 | Schaumburg, IL (thin sample) | 9.5% | $2,500 | $315,000 | 157% | 155 |
| 34 | Springfield, IL (thin sample) | 9.3% | $1,388 | $180,000 | 152% | 188 |
| 38 | Aurora, IL | 9.1% | $2,500 | $330,000 | 150% | 232 |
| 56 | Plainfield, IL (thin sample) | 8.6% | $2,950 | $409,257 | 143% | 172 |
| 68 | Champaign, IL (thin sample) | 8.3% | $1,594 | $230,000 | 137% | 176 |
| 161 | Chicago, IL (condo-heavy) | 7.5% | $2,300 | $369,900 | 123% | 4,237 |
| 412 | Naperville, IL (thin sample) | 5.8% | $2,750 | $570,000 | 95% | 184 |
Indiana (8)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 1 | Gary, IN | 20.0% | $1,500 | $90,000 | 330% | 285 |
| 24 | Bloomington, IN | 9.9% | $2,750 | $335,000 | 162% | 309 |
| 46 | South Bend, IN | 8.8% | $1,450 | $197,000 | 146% | 256 |
| 63 | Indianapolis, IN | 8.5% | $1,700 | $241,195 | 139% | 1,776 |
| 77 | Muncie, IN (thin sample) | 8.2% | $1,125 | $165,000 | 135% | 185 |
| 181 | Lafayette, IN (thin sample) | 7.3% | $1,768 | $289,000 | 121% | 184 |
| 194 | Fort Wayne, IN | 7.3% | $1,595 | $262,500 | 120% | 249 |
| 195 | Evansville, IN | 7.3% | $1,295 | $213,250 | 120% | 207 |
Iowa (1)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 165 | Des Moines, IA | 7.4% | $1,395 | $225,000 | 123% | 300 |
Kansas (2)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 66 | Kansas City, KS (thin sample) | 8.3% | $1,600 | $230,000 | 138% | 189 |
| 358 | Overland Park, KS (thin sample) | 6.2% | $2,500 | $485,000 | 102% | 182 |
Kentucky (3)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 260 | Louisville, KY | 6.8% | $1,495 | $262,350 | 113% | 1,314 |
| 311 | Lexington, KY | 6.5% | $1,850 | $342,000 | 107% | 523 |
| 370 | Bowling Green, KY (thin sample) | 6.1% | $1,500 | $295,000 | 101% | 172 |
Louisiana (5)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 170 | Baton Rouge, LA | 7.4% | $1,700 | $274,995 | 122% | 745 |
| 208 | Lafayette, LA | 7.2% | $1,500 | $250,000 | 119% | 221 |
| 253 | Shreveport, LA | 6.9% | $1,200 | $209,900 | 113% | 294 |
| 361 | New Orleans, LA | 6.2% | $1,800 | $349,900 | 102% | 1,439 |
| 436 | Metairie, LA | 5.6% | $1,600 | $345,000 | 92% | 234 |
Maryland (18)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 35 | Parkville, MD (thin sample) | 9.2% | $2,350 | $305,000 | 152% | 163 |
| 36 | Baltimore, MD | 9.2% | $1,995 | $260,000 | 152% | 3,239 |
| 79 | Hyattsville, MD | 8.2% | $2,516 | $370,000 | 134% | 294 |
| 118 | Upper Marlboro, MD | 7.8% | $3,000 | $461,372 | 129% | 317 |
| 119 | Glen Burnie, MD (thin sample) | 7.8% | $2,600 | $400,000 | 129% | 197 |
| 133 | Bowie, MD | 7.7% | $3,200 | $500,000 | 127% | 220 |
| 179 | Silver Spring, MD | 7.4% | $2,850 | $465,000 | 121% | 566 |
| 203 | Frederick, MD | 7.2% | $2,650 | $440,000 | 119% | 570 |
| 220 | Waldorf, MD | 7.1% | $2,500 | $419,900 | 118% | 215 |
| 241 | Laurel, MD | 6.9% | $2,800 | $485,000 | 114% | 265 |
| 249 | Germantown, MD | 6.9% | $2,550 | $445,000 | 113% | 347 |
| 258 | Hagerstown, MD | 6.9% | $1,690 | $296,000 | 113% | 203 |
| 284 | Columbia, MD | 6.7% | $2,600 | $469,000 | 110% | 293 |
| 346 | Gaithersburg, MD | 6.2% | $2,700 | $520,500 | 103% | 363 |
| 398 | Rockville, MD | 5.9% | $3,030 | $614,105 | 98% | 607 |
| 410 | Annapolis, MD | 5.8% | $2,850 | $590,000 | 96% | 208 |
| 494 | Ellicott City, MD (thin sample) | 5.1% | $3,000 | $710,000 | 84% | 163 |
| 560 | Bethesda, MD | 4.1% | $3,850 | $1,125,000 | 68% | 540 |
Massachusetts (8)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 397 | Worcester, MA (condo-heavy) | 5.9% | $2,295 | $465,000 | 98% | 323 |
| 472 | Dorchester, MA (condo-heavy) | 5.3% | $3,300 | $750,000 | 87% | 227 |
| 487 | Medford, MA (condo-heavy) | 5.2% | $3,700 | $861,500 | 85% | 268 |
| 513 | Boston, MA (condo-heavy) | 4.8% | $3,500 | $880,000 | 79% | 3,029 |
| 555 | Waltham, MA (condo-heavy, thin sample) | 4.2% | $2,925 | $835,000 | 69% | 158 |
| 559 | Brookline, MA (condo-heavy) | 4.1% | $4,352 | $1,265,000 | 68% | 524 |
| 570 | Somerville, MA (condo-heavy) | 3.9% | $3,450 | $1,055,250 | 65% | 813 |
| 587 | Cambridge, MA (condo-heavy) | 3.4% | $3,500 | $1,225,000 | 57% | 922 |
Michigan (13)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 2 | Detroit, MI | 17.3% | $1,300 | $90,000 | 286% | 2,203 |
| 4 | Flint, MI | 13.6% | $975 | $86,000 | 224% | 205 |
| 22 | Lansing, MI (condo-heavy) | 9.9% | $1,350 | $163,000 | 164% | 235 |
| 25 | Warren, MI | 9.7% | $1,550 | $191,000 | 160% | 347 |
| 32 | Saginaw, MI (thin sample) | 9.3% | $1,100 | $142,000 | 153% | 161 |
| 67 | Dearborn, MI | 8.3% | $1,700 | $245,000 | 137% | 221 |
| 76 | Sterling Heights, MI (thin sample) | 8.2% | $2,100 | $308,000 | 135% | 167 |
| 100 | Kalamazoo, MI (condo-heavy) | 7.9% | $1,600 | $242,250 | 131% | 201 |
| 132 | Grand Rapids, MI | 7.7% | $2,042 | $319,000 | 127% | 440 |
| 155 | Troy, MI (thin sample) | 7.5% | $2,224 | $355,000 | 124% | 190 |
| 166 | Ypsilanti, MI (thin sample) | 7.4% | $1,750 | $282,500 | 123% | 181 |
| 176 | Royal Oak, MI | 7.4% | $2,250 | $365,000 | 122% | 206 |
| 387 | Ann Arbor, MI (condo-heavy) | 6.0% | $2,500 | $500,000 | 99% | 383 |
Minnesota (3)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 57 | Duluth, MN (condo-heavy, thin sample) | 8.6% | $2,137 | $297,500 | 142% | 168 |
| 190 | Saint Paul, MN (condo-heavy) | 7.3% | $2,100 | $345,000 | 120% | 566 |
| 225 | Minneapolis, MN (condo-heavy) | 7.1% | $2,100 | $354,000 | 117% | 1,122 |
Mississippi (2)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 13 | Jackson, MS | 10.8% | $1,350 | $149,900 | 178% | 432 |
| 75 | Gulfport, MS (thin sample) | 8.2% | $1,675 | $244,950 | 135% | 163 |
Missouri (5)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 18 | Florissant, MO | 10.2% | $1,685 | $198,737 | 168% | 237 |
| 81 | Independence, MO (thin sample) | 8.2% | $1,495 | $220,000 | 134% | 164 |
| 239 | Springfield, MO | 7.0% | $1,448 | $250,000 | 115% | 362 |
| 302 | Columbia, MO | 6.6% | $1,845 | $338,000 | 108% | 238 |
| 347 | Kansas City, MO | 6.2% | $1,550 | $299,000 | 103% | 1,037 |
Montana (1)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 529 | Bozeman, MT | 4.5% | $3,000 | $794,000 | 75% | 220 |
Nebraska (2)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 136 | Omaha, NE | 7.7% | $1,950 | $305,000 | 126% | 749 |
| 285 | Lincoln, NE | 6.6% | $1,700 | $307,000 | 110% | 442 |
Nevada (5)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 354 | North Las Vegas, NV | 6.2% | $2,100 | $406,000 | 102% | 435 |
| 391 | Las Vegas, NV | 6.0% | $2,132 | $427,000 | 99% | 4,034 |
| 438 | Sparks, NV | 5.6% | $2,500 | $539,950 | 92% | 307 |
| 444 | Henderson, NV | 5.5% | $2,226 | $485,000 | 91% | 835 |
| 476 | Reno, NV | 5.3% | $2,495 | $570,000 | 87% | 714 |
New Jersey (7)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 31 | Toms River, NJ | 9.3% | $3,300 | $425,000 | 154% | 222 |
| 125 | Trenton, NJ | 7.8% | $2,200 | $340,000 | 128% | 440 |
| 400 | Edison, NJ | 5.9% | $2,825 | $575,000 | 97% | 313 |
| 473 | Princeton, NJ (thin sample) | 5.3% | $3,600 | $820,000 | 87% | 199 |
| 496 | Newark, NJ (condo-heavy) | 5.0% | $2,250 | $535,000 | 83% | 598 |
| 515 | Jersey City, NJ (condo-heavy) | 4.7% | $2,700 | $689,500 | 77% | 778 |
| 536 | Paterson, NJ (condo-heavy, thin sample) | 4.5% | $2,100 | $565,000 | 74% | 156 |
New Mexico (2)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 283 | Albuquerque, NM | 6.7% | $2,025 | $365,000 | 110% | 774 |
| 508 | Santa Fe, NM | 4.9% | $2,750 | $673,600 | 81% | 245 |
New York (11)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 5 | Binghamton, NY (condo-heavy, thin sample) | 12.8% | $1,900 | $178,250 | 211% | 187 |
| 17 | Syracuse, NY | 10.3% | $1,850 | $215,000 | 170% | 273 |
| 23 | Rochester, NY | 9.9% | $1,850 | $225,000 | 163% | 622 |
| 135 | Albany, NY (condo-heavy, thin sample) | 7.7% | $1,975 | $308,750 | 127% | 199 |
| 180 | Buffalo, NY | 7.3% | $1,500 | $245,000 | 121% | 831 |
| 403 | Bronx, NY (condo-heavy) | 5.9% | $3,225 | $660,000 | 97% | 518 |
| 427 | Flushing, NY (condo-heavy) | 5.6% | $3,200 | $683,850 | 93% | 211 |
| 470 | Staten Island, NY | 5.3% | $3,200 | $725,000 | 87% | 342 |
| 490 | Yonkers, NY | 5.1% | $2,800 | $659,000 | 84% | 242 |
| 539 | Brooklyn, NY (condo-heavy) | 4.4% | $3,800 | $1,025,000 | 73% | 927 |
| 546 | New York City, NY | 4.4% | $6,000 | $1,650,000 | 72% | 621 |
North Carolina (21)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 101 | Greenville, NC | 7.9% | $1,650 | $250,000 | 131% | 205 |
| 148 | Greensboro, NC | 7.6% | $1,732 | $275,000 | 125% | 648 |
| 157 | Fayetteville, NC | 7.5% | $1,500 | $240,000 | 124% | 1,491 |
| 197 | Gastonia, NC | 7.3% | $1,745 | $287,800 | 120% | 241 |
| 270 | Raeford, NC | 6.8% | $1,800 | $319,900 | 111% | 210 |
| 279 | Sanford, NC (thin sample) | 6.7% | $1,800 | $323,355 | 110% | 177 |
| 312 | Concord, NC | 6.5% | $2,000 | $370,000 | 107% | 221 |
| 337 | Durham, NC | 6.3% | $2,095 | $400,500 | 103% | 903 |
| 357 | Charlotte, NC | 6.2% | $2,165 | $420,000 | 102% | 2,206 |
| 363 | Clayton, NC | 6.2% | $1,850 | $360,000 | 102% | 236 |
| 373 | Monroe, NC (thin sample) | 6.1% | $2,045 | $404,000 | 100% | 161 |
| 389 | Garner, NC (thin sample) | 6.0% | $1,998 | $400,000 | 99% | 158 |
| 404 | Wilmington, NC | 5.9% | $2,150 | $440,000 | 97% | 360 |
| 432 | Asheville, NC | 5.6% | $2,210 | $475,000 | 92% | 330 |
| 460 | Wake Forest, NC | 5.4% | $2,198 | $490,700 | 89% | 264 |
| 478 | Fuquay Varina, NC | 5.2% | $1,967 | $450,000 | 86% | 256 |
| 485 | Raleigh, NC | 5.2% | $1,944 | $449,000 | 86% | 1,756 |
| 486 | Mooresville, NC (thin sample) | 5.2% | $2,160 | $500,000 | 85% | 159 |
| 520 | Cary, NC | 4.6% | $2,295 | $594,500 | 76% | 486 |
| 533 | Chapel Hill, NC | 4.5% | $2,300 | $615,000 | 74% | 244 |
| 551 | Apex, NC | 4.3% | $2,200 | $615,590 | 71% | 347 |
North Dakota (1)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 501 | Fargo, ND (condo-heavy, thin sample) | 5.0% | $1,322 | $319,900 | 82% | 174 |
Ohio (12)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 7 | Euclid, OH (thin sample) | 12.4% | $1,500 | $145,000 | 205% | 172 |
| 10 | Cleveland, OH | 11.1% | $1,465 | $158,000 | 183% | 2,966 |
| 12 | Toledo, OH | 10.9% | $1,230 | $136,000 | 179% | 728 |
| 15 | Akron, OH | 10.3% | $1,250 | $145,000 | 170% | 648 |
| 28 | Cleveland Heights, OH (thin sample) | 9.5% | $1,899 | $241,000 | 156% | 169 |
| 74 | Cincinnati, OH | 8.2% | $1,830 | $267,500 | 135% | 1,602 |
| 86 | Loveland, OH (thin sample) | 8.1% | $1,450 | $214,250 | 134% | 171 |
| 90 | Canton, OH (thin sample) | 8.0% | $1,195 | $179,000 | 132% | 189 |
| 117 | Dayton, OH | 7.8% | $1,350 | $206,900 | 129% | 892 |
| 140 | Columbus, OH | 7.7% | $1,700 | $266,500 | 126% | 1,977 |
| 422 | Dublin, OH (thin sample) | 5.7% | $2,450 | $517,400 | 94% | 151 |
| 463 | Lakewood, OH (condo-heavy, thin sample) | 5.3% | $1,500 | $337,000 | 88% | 153 |
Oklahoma (7)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 26 | Lawton, OK | 9.7% | $1,200 | $149,000 | 159% | 367 |
| 103 | Oklahoma City, OK | 7.9% | $1,450 | $220,000 | 130% | 1,606 |
| 138 | Tulsa, OK | 7.7% | $1,500 | $235,000 | 126% | 762 |
| 189 | Yukon, OK | 7.3% | $1,695 | $278,000 | 121% | 275 |
| 215 | Broken Arrow, OK | 7.2% | $1,795 | $299,900 | 118% | 223 |
| 268 | Norman, OK | 6.8% | $1,585 | $281,625 | 111% | 316 |
| 364 | Edmond, OK | 6.2% | $1,850 | $360,000 | 102% | 435 |
Oregon (5)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 394 | Salem, OR | 5.9% | $2,200 | $444,000 | 98% | 233 |
| 420 | Portland, OR | 5.7% | $2,500 | $526,361 | 94% | 1,127 |
| 446 | Beaverton, OR (thin sample) | 5.5% | $2,472 | $539,000 | 91% | 194 |
| 471 | Eugene, OR (thin sample) | 5.3% | $2,100 | $477,000 | 87% | 173 |
| 514 | Bend, OR | 4.8% | $2,972 | $749,900 | 78% | 299 |
Pennsylvania (8)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 42 | Scranton, PA (condo-heavy) | 9.0% | $1,500 | $200,000 | 148% | 207 |
| 45 | Pittsburgh, PA | 8.9% | $1,800 | $242,500 | 147% | 1,562 |
| 50 | Philadelphia, PA | 8.8% | $1,800 | $245,000 | 145% | 4,422 |
| 55 | Erie, PA (thin sample) | 8.7% | $1,300 | $180,000 | 143% | 152 |
| 80 | Reading, PA | 8.2% | $1,700 | $250,000 | 134% | 230 |
| 108 | Allentown, PA | 7.9% | $2,000 | $305,000 | 130% | 230 |
| 123 | Harrisburg, PA | 7.8% | $1,620 | $249,900 | 128% | 254 |
| 144 | York, PA (thin sample) | 7.6% | $1,650 | $260,000 | 126% | 159 |
Rhode Island (1)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 445 | Providence, RI | 5.5% | $2,340 | $510,000 | 91% | 572 |
South Carolina (10)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 40 | Columbia, SC | 9.0% | $1,795 | $239,000 | 149% | 700 |
| 115 | Spartanburg, SC | 7.8% | $1,665 | $254,900 | 129% | 278 |
| 145 | Summerville, SC | 7.6% | $2,465 | $390,000 | 125% | 263 |
| 156 | North Charleston, SC | 7.5% | $2,250 | $360,000 | 124% | 208 |
| 163 | Conway, SC (thin sample) | 7.4% | $1,900 | $306,115 | 123% | 177 |
| 188 | Aiken, SC | 7.3% | $1,895 | $310,550 | 121% | 221 |
| 248 | Myrtle Beach, SC | 6.9% | $1,850 | $322,610 | 113% | 591 |
| 293 | Charleston, SC | 6.6% | $3,200 | $580,878 | 109% | 451 |
| 321 | Greenville, SC | 6.4% | $1,950 | $365,000 | 106% | 358 |
| 524 | Mount Pleasant, SC (thin sample) | 4.6% | $3,300 | $865,000 | 75% | 162 |
South Dakota (1)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 339 | Sioux Falls, SD | 6.3% | $1,725 | $330,000 | 103% | 255 |
Tennessee (12)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 19 | Memphis, TN | 10.1% | $1,395 | $165,000 | 167% | 2,294 |
| 82 | Cordova, TN | 8.2% | $1,970 | $289,900 | 134% | 248 |
| 83 | Jackson, TN (thin sample) | 8.1% | $1,800 | $265,606 | 134% | 196 |
| 246 | Chattanooga, TN | 6.9% | $1,850 | $322,000 | 114% | 543 |
| 259 | Antioch, TN (thin sample) | 6.8% | $2,200 | $386,000 | 113% | 150 |
| 299 | Johnson City, TN (thin sample) | 6.6% | $1,850 | $338,000 | 108% | 198 |
| 338 | Clarksville, TN | 6.3% | $1,700 | $325,000 | 103% | 684 |
| 349 | Knoxville, TN | 6.2% | $1,995 | $385,000 | 102% | 766 |
| 379 | Murfreesboro, TN | 6.0% | $2,195 | $435,990 | 100% | 325 |
| 435 | Nashville, TN | 5.6% | $2,500 | $539,000 | 92% | 1,382 |
| 504 | Cookeville, TN (thin sample) | 4.9% | $1,400 | $340,000 | 81% | 157 |
| 567 | Franklin, TN (thin sample) | 4.0% | $3,200 | $965,000 | 66% | 160 |
Texas (49)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 9 | Abilene, TX | 11.3% | $2,499 | $265,000 | 186% | 221 |
| 21 | Mesquite, TX | 10.1% | $2,400 | $285,000 | 167% | 276 |
| 29 | Forney, TX | 9.4% | $2,649 | $336,500 | 156% | 341 |
| 52 | Rowlett, TX (thin sample) | 8.7% | $2,799 | $385,000 | 144% | 151 |
| 53 | Humble, TX | 8.7% | $2,175 | $299,925 | 143% | 224 |
| 61 | Midland, TX | 8.5% | $2,475 | $350,000 | 140% | 280 |
| 70 | Garland, TX | 8.3% | $2,100 | $304,450 | 136% | 291 |
| 72 | Grand Prairie, TX | 8.2% | $2,400 | $350,000 | 136% | 252 |
| 78 | Converse, TX | 8.2% | $1,700 | $249,999 | 134% | 300 |
| 87 | Princeton, TX | 8.1% | $1,993 | $295,000 | 134% | 520 |
| 91 | Katy, TX | 8.0% | $2,395 | $359,000 | 132% | 799 |
| 95 | Royse City, TX (thin sample) | 8.0% | $2,230 | $335,000 | 132% | 162 |
| 98 | Arlington, TX | 7.9% | $2,250 | $339,900 | 131% | 651 |
| 106 | Aubrey, TX | 7.9% | $2,299 | $349,900 | 130% | 209 |
| 109 | Fort Worth, TX | 7.9% | $2,195 | $335,000 | 130% | 1,855 |
| 112 | Richmond, TX | 7.8% | $2,450 | $374,850 | 129% | 235 |
| 128 | Anna, TX (thin sample) | 7.7% | $2,320 | $359,990 | 127% | 175 |
| 159 | Little Elm, TX | 7.5% | $2,499 | $401,224 | 123% | 255 |
| 173 | Conroe, TX | 7.4% | $2,027 | $328,500 | 122% | 268 |
| 175 | Corpus Christi, TX | 7.4% | $1,695 | $274,949 | 122% | 409 |
| 178 | Waco, TX | 7.4% | $1,595 | $259,900 | 121% | 222 |
| 183 | El Paso, TX | 7.3% | $1,700 | $277,950 | 121% | 871 |
| 184 | Sherman, TX | 7.3% | $1,799 | $294,245 | 121% | 208 |
| 186 | Temple, TX | 7.3% | $1,695 | $277,381 | 121% | 252 |
| 187 | Spring, TX | 7.3% | $2,324 | $380,495 | 121% | 440 |
| 196 | Lubbock, TX | 7.3% | $1,495 | $246,250 | 120% | 826 |
| 202 | Bryan, TX | 7.2% | $1,898 | $314,900 | 119% | 254 |
| 228 | Killeen, TX | 7.1% | $1,450 | $245,000 | 117% | 644 |
| 230 | Houston, TX | 7.1% | $1,950 | $330,000 | 117% | 4,753 |
| 232 | Cypress, TX | 7.1% | $2,500 | $425,000 | 116% | 280 |
| 238 | Richardson, TX (thin sample) | 7.0% | $2,695 | $465,000 | 115% | 164 |
| 257 | San Antonio, TX | 6.9% | $1,700 | $297,599 | 113% | 3,480 |
| 269 | Tyler, TX | 6.8% | $1,795 | $319,000 | 111% | 201 |
| 300 | Mission, TX (condo-heavy) | 6.6% | $1,450 | $265,000 | 108% | 217 |
| 319 | College Station, TX | 6.4% | $1,900 | $354,900 | 106% | 601 |
| 330 | Denton, TX | 6.4% | $1,985 | $374,990 | 105% | 318 |
| 335 | Plano, TX | 6.3% | $2,750 | $525,000 | 104% | 440 |
| 362 | Allen, TX (thin sample) | 6.2% | $2,698 | $525,000 | 102% | 188 |
| 368 | Celina, TX (thin sample) | 6.1% | $2,695 | $530,000 | 101% | 167 |
| 377 | Leander, TX (thin sample) | 6.0% | $2,300 | $456,400 | 100% | 166 |
| 385 | Georgetown, TX (thin sample) | 6.0% | $2,200 | $440,000 | 99% | 171 |
| 386 | New Braunfels, TX | 6.0% | $1,750 | $350,000 | 99% | 365 |
| 390 | Irving, TX (condo-heavy) | 6.0% | $1,993 | $399,000 | 99% | 414 |
| 447 | Amarillo, TX (condo-heavy, thin sample) | 5.5% | $1,191 | $259,900 | 91% | 179 |
| 450 | San Marcos, TX (condo-heavy) | 5.5% | $1,595 | $349,250 | 90% | 214 |
| 452 | Frisco, TX | 5.5% | $3,000 | $660,000 | 90% | 458 |
| 477 | Dallas, TX (condo-heavy) | 5.2% | $2,095 | $479,000 | 86% | 2,192 |
| 483 | Edinburg, TX (condo-heavy) | 5.2% | $1,200 | $276,000 | 86% | 274 |
| 497 | Austin, TX | 5.0% | $2,300 | $550,000 | 83% | 1,964 |
Utah (2)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 493 | Saint George, UT (thin sample) | 5.1% | $2,200 | $520,000 | 84% | 188 |
| 556 | Salt Lake City, UT (condo-heavy) | 4.2% | $2,000 | $575,000 | 69% | 432 |
Virginia (29)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 143 | Newport News, VA | 7.6% | $1,799 | $283,200 | 126% | 294 |
| 152 | Norfolk, VA (condo-heavy) | 7.5% | $2,000 | $319,000 | 124% | 322 |
| 164 | Virginia Beach, VA | 7.4% | $2,450 | $395,000 | 123% | 394 |
| 205 | Roanoke, VA | 7.2% | $1,623 | $270,000 | 119% | 239 |
| 275 | Henrico, VA | 6.7% | $2,150 | $385,000 | 110% | 282 |
| 291 | Woodbridge, VA | 6.6% | $2,700 | $490,000 | 109% | 842 |
| 341 | Richmond, VA | 6.3% | $1,995 | $383,000 | 103% | 548 |
| 356 | Manassas, VA | 6.2% | $2,750 | $533,067 | 102% | 398 |
| 367 | Stafford, VA | 6.1% | $2,750 | $540,000 | 101% | 327 |
| 371 | Lynchburg, VA | 6.1% | $1,400 | $275,900 | 100% | 250 |
| 384 | Dumfries, VA (thin sample) | 6.0% | $2,950 | $590,000 | 99% | 154 |
| 402 | Fredericksburg, VA | 5.9% | $2,300 | $470,000 | 97% | 870 |
| 408 | Reston, VA | 5.8% | $2,850 | $589,000 | 96% | 355 |
| 409 | Sterling, VA | 5.8% | $3,000 | $620,000 | 96% | 379 |
| 419 | Winchester, VA | 5.7% | $1,900 | $400,000 | 94% | 335 |
| 421 | Falls Church, VA | 5.7% | $3,200 | $675,000 | 94% | 432 |
| 439 | Alexandria, VA | 5.5% | $3,000 | $650,000 | 91% | 1,779 |
| 440 | Springfield, VA | 5.5% | $3,150 | $685,000 | 91% | 314 |
| 443 | Charlottesville, VA | 5.5% | $2,400 | $522,900 | 91% | 451 |
| 456 | Chantilly, VA | 5.4% | $3,100 | $684,999 | 89% | 374 |
| 459 | Centreville, VA | 5.4% | $2,850 | $635,000 | 89% | 342 |
| 480 | Herndon, VA | 5.2% | $3,040 | $698,000 | 86% | 377 |
| 489 | Fairfax, VA | 5.1% | $3,200 | $750,000 | 84% | 709 |
| 495 | Ashburn, VA | 5.0% | $3,200 | $760,750 | 83% | 490 |
| 499 | Annandale, VA (thin sample) | 5.0% | $2,987 | $717,000 | 82% | 160 |
| 512 | Arlington, VA (condo-heavy) | 4.8% | $3,000 | $750,000 | 79% | 1,248 |
| 516 | Leesburg, VA | 4.7% | $3,050 | $780,000 | 77% | 263 |
| 574 | Vienna, VA | 3.9% | $3,700 | $1,150,000 | 64% | 278 |
| 586 | Mc Lean, VA | 3.4% | $4,000 | $1,395,332 | 57% | 237 |
Washington (10)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 376 | Tacoma, WA | 6.0% | $2,495 | $495,000 | 100% | 420 |
| 393 | Spokane, WA | 6.0% | $1,995 | $400,000 | 99% | 357 |
| 395 | Vancouver, WA | 5.9% | $2,498 | $504,949 | 98% | 397 |
| 491 | Bellingham, WA (thin sample) | 5.1% | $2,800 | $659,000 | 84% | 187 |
| 492 | Lynnwood, WA (thin sample) | 5.1% | $3,072 | $723,947 | 84% | 186 |
| 506 | Renton, WA | 4.9% | $3,078 | $749,000 | 81% | 211 |
| 528 | Everett, WA (condo-heavy) | 4.5% | $2,328 | $615,000 | 75% | 230 |
| 538 | Seattle, WA | 4.5% | $3,100 | $835,000 | 73% | 1,465 |
| 585 | Kirkland, WA | 3.4% | $3,700 | $1,290,000 | 57% | 206 |
| 592 | Bellevue, WA | 3.1% | $3,800 | $1,490,000 | 50% | 281 |
West Virginia (1)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 255 | Martinsburg, WV | 6.9% | $1,800 | $315,000 | 113% | 212 |
Wisconsin (2)
| Rank | City | Gross yield | Median rent (observed) | Median closed price | Rent vs P&I | Rentals |
|---|---|---|---|---|---|---|
| 160 | Milwaukee, WI | 7.5% | $1,500 | $240,900 | 123% | 1,040 |
| 407 | Madison, WI (condo-heavy) | 5.8% | $2,069 | $425,000 | 96% | 353 |
Method
Gross yield is twelve times the median observed rent on rentals that left the market in the last 12 months, a blend of confirmed lease closes and final asking rents, over the median closed home price in the same city. Rentals are deduplicated by address and date; the rent is the observed rent at the end of the listing, a confirmed lease close where property records hold one and otherwise the last price asked before the listing came down. A city qualifies with at least 150 such rentals and a closed-price median. Medians are per city, so the national figures above are medians of cities, not of all rentals pooled. Both the rent and the price here are measured for the postal city, the area that shares the city name, which is wider than the municipal boundary used on the linked Resideline market pages; that is why a price on this page can differ from the median on the city page it links to. The price median covers the 12 months ending August 17, 2026. This is the same basis as the best rental yields study, and its figures match it.
Page built September 2, 2026. Rents cover the 12 months to that date; the price median covers the 12 months ending August 17, 2026. Related: best rental yields in America, rent vs buy by city.
Frequently Asked Questions
Which US city has the highest gross rental yield?
Gary, IN, at 20.0 percent gross: a median rent of $1,500 a month against a median closed price of $90,000. That is not a cap rate; a cap rate would subtract taxes, insurance, vacancy and management, which this page does not do.
What is a good gross rental yield?
The median US city on this page yields 6.57 percent gross, and the middle 80 percent of cities run 4.5 to 8.5 percent. Whether a given yield is good depends on what is left after expenses, which is why a yield is a screen and a cap rate is the answer.
Is this the same as cap rate?
No. Gross yield is rent over price before any expenses. Cap rate is net operating income over price. Taxes, insurance, vacancy, repairs and management typically take a third to a half of gross rent, so cap rates run well below the yields shown here.
Where does the rent figure come from?
It is the median observed rent on rentals that left the market in the last 12 months in each city, a confirmed lease close where property records hold one and otherwise the last rent asked, deduplicated by address and date. It is the observed rent at the end of a listing's life, a blend of confirmed lease closes and final asking rents, and it is not the same as a live asking rent.