Pick a state for its full page. For the ranked list and what it means, read the best states to buy a rental property. For cities, see the 50 biggest rental markets.
| State | Median value | 3-bed rent / mo | Cap rate | Cash flow / mo | Rank |
|---|---|---|---|---|---|
| Alabama | $233,300 | $1,174 | 4.06% | −$494 | #7 |
| Alaska | $376,500 | $1,860 | 3.49% | −$975 | #18 |
| Arizona | $426,000 | $2,011 | 3.93% | −$944 | #8 |
| Arkansas | $215,600 | $1,181 | 4.32% | −$409 | #3 |
| California | $759,500 | $2,431 | 2.28% | −$2,728 | #49 |
| Colorado | $574,600 | $2,178 | 3.03% | −$1,707 | #31 |
| Connecticut | $396,900 | $1,798 | 2.50% | −$1,355 | #43 |
| Delaware | $371,600 | $1,742 | 3.82% | −$860 | #10 |
| District of Columbia | $733,400 | $2,567 | 2.65% | −$2,408 | #38 |
| Florida | $396,900 | $2,076 | 4.09% | −$828 | #6 |
| Georgia | $343,300 | $1,568 | 3.40% | −$914 | #23 |
| Hawaii | $875,900 | $2,483 | 2.38% | −$3,076 | #46 |
| Idaho | $446,400 | $1,686 | 3.02% | −$1,330 | #32 |
| Illinois | $280,700 | $1,484 | 2.85% | −$876 | #35 |
| Indiana | $243,500 | $1,276 | 3.93% | −$542 | #9 |
| Iowa | $227,300 | $1,213 | 3.43% | −$599 | #21 |
| Kansas | $238,700 | $1,288 | 3.56% | −$604 | #17 |
| Kentucky | $226,000 | $1,125 | 3.65% | −$554 | #15 |
| Louisiana | $223,200 | $1,219 | 4.30% | −$426 | #4 |
| Maine | $341,900 | $1,483 | 3.01% | −$1,021 | #33 |
| Maryland | $436,300 | $1,980 | 3.24% | −$1,219 | #27 |
| Massachusetts | $607,400 | $2,079 | 2.17% | −$2,240 | #50 |
| Michigan | $254,200 | $1,380 | 3.69% | −$614 | #14 |
| Minnesota | $344,600 | $1,589 | 3.17% | −$983 | #29 |
| Mississippi | $186,500 | $1,083 | 4.42% | −$339 | #2 |
| Missouri | $254,400 | $1,285 | 3.70% | −$613 | #13 |
| Montana | $425,400 | $1,562 | 2.64% | −$1,402 | #39 |
| Nebraska | $263,100 | $1,328 | 3.09% | −$768 | #30 |
| Nevada | $455,500 | $2,091 | 3.78% | −$1,067 | #11 |
| New Hampshire | $458,800 | $1,930 | 2.42% | −$1,598 | #44 |
| New Jersey | $496,000 | $2,159 | 2.15% | −$1,835 | #51 |
| New Mexico | $279,900 | $1,267 | 3.39% | −$747 | #25 |
| New York | $449,800 | $1,852 | 2.33% | −$1,598 | #47 |
| North Carolina | $333,000 | $1,422 | 3.23% | −$934 | #28 |
| North Dakota | $266,100 | $1,365 | 3.64% | −$656 | #16 |
| Ohio | $239,800 | $1,229 | 3.32% | −$655 | #26 |
| Oklahoma | $222,100 | $1,238 | 4.19% | −$445 | #5 |
| Oregon | $497,500 | $1,958 | 2.85% | −$1,553 | #36 |
| Pennsylvania | $277,600 | $1,425 | 3.46% | −$725 | #19 |
| Rhode Island | $455,700 | $1,689 | 2.31% | −$1,626 | #48 |
| South Carolina | $299,500 | $1,305 | 3.44% | −$787 | #20 |
| South Dakota | $289,600 | $1,193 | 2.62% | −$958 | #40 |
| Tennessee | $332,600 | $1,432 | 3.43% | −$878 | #22 |
| Texas | $313,200 | $1,729 | 3.74% | −$746 | #12 |
| Utah | $545,200 | $1,837 | 2.61% | −$1,810 | #41 |
| Vermont | $352,800 | $1,488 | 2.39% | −$1,237 | #45 |
| Virginia | $403,500 | $1,808 | 3.40% | −$1,074 | #24 |
| Washington | $602,200 | $2,183 | 2.58% | −$2,013 | #42 |
| West Virginia | $170,800 | $1,023 | 4.68% | −$273 | #1 |
| Wisconsin | $294,700 | $1,357 | 2.88% | −$913 | #34 |
| Wyoming | $339,500 | $1,287 | 2.80% | −$1,073 | #37 |
Data: U.S. Census Bureau, 2024 American Community Survey 1-year estimates (tables B25003, B25004, B25031, B25064, B25077, B25103). Mortgage rate: Freddie Mac PMMS, October 22, 2026. Rank is by cap rate on a median-priced home. Educational content, not financial advice.