100 Markets
Best Real Estate Investment Markets
Explore top US cities for rental property investing. Compare key metrics and analyze properties in any market with PropertyDNA.
South
Landlord-friendly laws, no state income tax in many states, and strong cash flow markets
Atlanta, GA
Cap rate 5-7%·$300K-$400K
Augusta, GA
Cap rate 6-8%·$170K-$250K
Austin, TX
Cap rate 3-5%·$400K-$520K
Baton Rouge, LA
Cap rate 5-8%·$190K-$270K
Birmingham, AL
Cap rate 7-11%·$130K-$200K
Cape Coral, FL
Cap rate 4-6%·$330K-$430K
Charleston, SC
Cap rate 4-6%·$380K-$500K
Charleston, WV
Cap rate 7-11%·$100K-$170K
Charlotte, NC
Cap rate 4-6%·$330K-$420K
Chattanooga, TN
Cap rate 5-7%·$250K-$340K
Columbia, SC
Cap rate 5-8%·$200K-$280K
Corpus Christi, TX
Cap rate 5-7%·$200K-$280K
Dallas, TX
Cap rate 4-7%·$300K-$400K
Durham, NC
Cap rate 4-6%·$330K-$430K
El Paso, TX
Cap rate 6-8%·$180K-$260K
Fayetteville, AR
Cap rate 5-7%·$260K-$350K
Fort Worth, TX
Cap rate 4-7%·$280K-$370K
Gainesville, FL
Cap rate 5-7%·$250K-$340K
Greensboro, NC
Cap rate 5-7%·$220K-$300K
Greenville, SC
Cap rate 5-7%·$270K-$360K
Houston, TX
Cap rate 5-8%·$250K-$340K
Huntsville, AL
Cap rate 5-7%·$260K-$350K
Jackson, MS
Cap rate 8-12%·$100K-$180K
Jacksonville, FL
Cap rate 5-7%·$270K-$360K
Knoxville, TN
Cap rate 5-7%·$250K-$340K
Lafayette, LA
Cap rate 5-8%·$180K-$260K
Lexington, KY
Cap rate 5-7%·$230K-$310K
Little Rock, AR
Cap rate 7-10%·$150K-$230K
Louisville, KY
Cap rate 6-8%·$200K-$280K
Lubbock, TX
Cap rate 5-8%·$180K-$260K
Memphis, TN
Cap rate 7-10%·$150K-$220K
Miami, FL
Cap rate 3-5%·$500K-$650K
Mobile, AL
Cap rate 6-9%·$140K-$220K
Montgomery, AL
Cap rate 7-10%·$130K-$200K
Nashville, TN
Cap rate 4-6%·$380K-$480K
New Orleans, LA
Cap rate 5-8%·$220K-$320K
Norfolk, VA
Cap rate 5-7%·$240K-$330K
Oklahoma City, OK
Cap rate 6-9%·$180K-$260K
Orlando, FL
Cap rate 4-6%·$320K-$420K
Pensacola, FL
Cap rate 5-7%·$250K-$340K
Raleigh, NC
Cap rate 4-6%·$350K-$450K
Richmond, VA
Cap rate 5-7%·$280K-$370K
San Antonio, TX
Cap rate 5-7%·$240K-$320K
Savannah, GA
Cap rate 5-7%·$260K-$350K
Shreveport, LA
Cap rate 7-10%·$120K-$190K
Tallahassee, FL
Cap rate 5-7%·$230K-$310K
Tampa, FL
Cap rate 4-6%·$330K-$430K
Tulsa, OK
Cap rate 6-9%·$180K-$260K
Wilmington, NC
Cap rate 4-6%·$300K-$400K
Winston-Salem, NC
Cap rate 5-7%·$220K-$300K
Midwest
Affordable entry prices, high cap rates, and stable rental demand from universities and healthcare
Akron, OH
Cap rate 7-10%·$120K-$190K
Cincinnati, OH
Cap rate 6-9%·$190K-$270K
Cleveland, OH
Cap rate 8-12%·$100K-$180K
Columbia, MO
Cap rate 5-7%·$210K-$290K
Columbus, OH
Cap rate 5-8%·$220K-$300K
Dayton, OH
Cap rate 7-10%·$120K-$190K
Des Moines, IA
Cap rate 6-9%·$180K-$260K
Detroit, MI
Cap rate 8-14%·$80K-$180K
Fort Wayne, IN
Cap rate 6-9%·$170K-$240K
Grand Rapids, MI
Cap rate 5-7%·$230K-$310K
Indianapolis, IN
Cap rate 6-9%·$200K-$260K
Kansas City, MO
Cap rate 6-9%·$200K-$280K
Madison, WI
Cap rate 4-6%·$330K-$430K
Milwaukee, WI
Cap rate 6-9%·$170K-$260K
Minneapolis, MN
Cap rate 4-7%·$290K-$380K
Omaha, NE
Cap rate 5-8%·$220K-$300K
Peoria, IL
Cap rate 7-11%·$100K-$170K
Sioux Falls, SD
Cap rate 5-7%·$250K-$340K
Springfield, MO
Cap rate 6-8%·$180K-$260K
St. Louis, MO
Cap rate 7-10%·$150K-$230K
Topeka, KS
Cap rate 7-10%·$130K-$200K
Wichita, KS
Cap rate 6-9%·$170K-$240K
West
Strong population growth, appreciation potential, and tech-driven economies
Albuquerque, NM
Cap rate 5-7%·$260K-$350K
Anchorage, AK
Cap rate 4-6%·$300K-$400K
Aurora, CO
Cap rate 4-6%·$380K-$480K
Bakersfield, CA
Cap rate 4-6%·$310K-$400K
Boise, ID
Cap rate 3-5%·$380K-$480K
Boulder, CO
Cap rate 2-4%·$600K-$800K
Colorado Springs, CO
Cap rate 4-6%·$380K-$480K
Denver, CO
Cap rate 3-5%·$450K-$580K
Las Vegas, NV
Cap rate 4-6%·$350K-$450K
Phoenix, AZ
Cap rate 4-6%·$350K-$450K
Portland, OR
Cap rate 3-5%·$430K-$560K
Provo, UT
Cap rate 3-5%·$380K-$480K
Reno, NV
Cap rate 3-5%·$400K-$520K
Sacramento, CA
Cap rate 3-5%·$400K-$530K
Salt Lake City, UT
Cap rate 3-5%·$420K-$540K
San Diego, CA
Cap rate 2-4%·$750K-$950K
Seattle, WA
Cap rate 2-4%·$650K-$850K
Spokane, WA
Cap rate 4-6%·$300K-$400K
Tucson, AZ
Cap rate 5-7%·$260K-$350K
Northeast
Dense rental markets, university demand, and urban revitalization opportunities
Bridgeport, CT
Cap rate 5-7%·$230K-$320K
Buffalo, NY
Cap rate 6-9%·$160K-$240K
Harrisburg, PA
Cap rate 6-9%·$150K-$230K
Hartford, CT
Cap rate 5-8%·$180K-$270K
Newark, NJ
Cap rate 4-6%·$350K-$460K
Pittsburgh, PA
Cap rate 6-9%·$180K-$270K
Portland, ME
Cap rate 3-5%·$380K-$480K
Providence, RI
Cap rate 4-6%·$300K-$400K
Rochester, NY
Cap rate 6-9%·$150K-$230K
Syracuse, NY
Cap rate 6-9%·$140K-$220K
Wilmington, DE
Cap rate 5-8%·$200K-$290K
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