States ranked by Cap Rate
Note: These are only the median Cap Rate for a whole state. There are many individual properties in a state that will have better Cap Rate. Go here to explore the top properties by Cap Rate in a state.
| Rank | State | #Properties | Price | Cap Rate | ROI Rate | Days on Market |
|---|---|---|---|---|---|---|
| 1 | Louisiana | 21,254 | $269,000 | 5.79 | 3.40 | 94 |
| 2 | Mississippi | 9,962 | $295,000 | 5.26 | 5.94 | 89 |
| 3 | West Virginia | 4,094 | $260,000 | 5.17 | 6.69 | 85 |
| 4 | Indiana | 20,830 | $304,990 | 4.83 | 7.23 | 70 |
| 5 | Alabama | 32,039 | $324,900 | 4.82 | 5.76 | 75 |
| 6 | South Carolina | 36,118 | $349,900 | 4.52 | 6.63 | 73 |
| 7 | Arkansas | 15,500 | $299,900 | 4.51 | 6.58 | 87 |
| 8 | Kentucky | 14,639 | $314,900 | 4.40 | 6.27 | 76 |
| 9 | Oklahoma | 20,222 | $314,900 | 4.38 | 6.24 | 75 |
| 10 | Michigan | 24,837 | $285,000 | 4.30 | 6.69 | 73 |
| 11 | Missouri | 19,768 | $309,246 | 4.14 | 6.39 | 75 |
| 12 | Ohio | 23,962 | $299,000 | 4.06 | 6.50 | 65 |
| 13 | Georgia | 62,826 | $384,900 | 4.04 | 5.71 | 66 |
| 14 | Delaware | 4,173 | $479,000 | 4.01 | 5.66 | 77 |
| 15 | New Mexico | 7,338 | $386,450 | 4.01 | 5.60 | 89 |
| 16 | Illinois | 20,292 | $299,900 | 3.98 | 5.70 | 54 |
| 17 | Florida | 209,173 | $399,888 | 3.96 | 5.02 | 86 |
| 18 | North Dakota | 1,986 | $350,000 | 3.87 | 4.57 | 93 |
| 19 | Kansas | 7,488 | $299,950 | 3.86 | 5.97 | 77 |
| 20 | Minnesota | 14,533 | $394,990 | 3.76 | 4.13 | 66 |
| 21 | Pennsylvania | 27,077 | $324,000 | 3.75 | 5.54 | 76 |
| 22 | Tennessee | 35,678 | $419,000 | 3.75 | 6.02 | 74 |
| 23 | Maryland | 15,925 | $455,000 | 3.73 | 4.09 | 60 |
| 24 | Virginia | 21,208 | $466,470 | 3.72 | 5.34 | 61 |
| 25 | North Carolina | 49,871 | $389,990 | 3.68 | 5.61 | 78 |
| 26 | Iowa | 11,727 | $297,500 | 3.64 | 4.76 | 79 |
| 27 | Wyoming | 2,575 | $413,000 | 3.58 | 4.51 | 92 |
| 28 | Maine | 4,227 | $399,000 | 3.49 | 6.82 | 89 |
| 29 | Nebraska | 5,603 | $347,900 | 3.48 | 5.40 | 65 |
| 30 | Arizona | 42,739 | $439,500 | 3.44 | 4.02 | 74 |
| 31 | Texas | 187,621 | $370,000 | 3.42 | 3.51 | 71 |
| 32 | Colorado | 27,919 | $555,000 | 3.41 | 3.01 | 72 |
| 33 | DC | 2,009 | $569,000 | 3.34 | 3.34 | 75 |
| 34 | Nevada | 14,151 | $485,950 | 3.24 | 4.13 | 66 |
| 35 | Idaho | 10,361 | $534,750 | 3.13 | 4.56 | 63 |
| 36 | South Dakota | 3,091 | $368,100 | 3.08 | 5.18 | 76 |
| 37 | Oregon | 15,305 | $499,999 | 3.07 | 3.20 | 89 |
| 38 | Connecticut | 3,972 | $499,900 | 2.98 | 6.39 | 50 |
| 39 | Wisconsin | 10,548 | $399,900 | 2.94 | 5.96 | 71 |
| 40 | California | 75,480 | $675,000 | 2.89 | 3.51 | 62 |
| 41 | Utah | 17,212 | $579,853 | 2.87 | 4.37 | 70 |
| 42 | Rhode Island | 1,375 | $579,000 | 2.74 | 5.81 | 45 |
| 43 | Washington | 21,706 | $599,000 | 2.73 | 3.15 | 69 |
| 44 | Vermont | 2,024 | $489,000 | 2.71 | 4.58 | 118 |
| 45 | Montana | 5,585 | $575,000 | 2.65 | 6.30 | 103 |
| 46 | New York | 36,090 | $720,000 | 2.40 | 4.07 | 90 |
| 47 | Massachusetts | 8,224 | $724,900 | 2.38 | 4.58 | 45 |
| 48 | New Jersey | 15,760 | $549,000 | 2.31 | 4.45 | 49 |
| 49 | New Hampshire | 2,273 | $529,999 | 2.24 | 6.08 | 77 |
| 50 | Hawaii | 5,343 | $800,000 | 2.19 | 2.94 | 92 |