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 | 21,546 | $272,990 | 5.75 | 3.37 | 77 |
| 2 | Mississippi | 10,275 | $299,999 | 5.12 | 5.48 | 73 |
| 3 | West Virginia | 3,959 | $265,000 | 4.89 | 5.10 | 71 |
| 4 | Alabama | 33,534 | $329,900 | 4.75 | 5.06 | 63 |
| 5 | Indiana | 20,286 | $310,000 | 4.68 | 6.00 | 55 |
| 6 | South Carolina | 37,498 | $354,999 | 4.47 | 5.67 | 61 |
| 7 | Arkansas | 15,993 | $305,000 | 4.34 | 5.49 | 70 |
| 8 | Kentucky | 14,788 | $319,900 | 4.33 | 5.33 | 61 |
| 9 | Oklahoma | 20,044 | $319,900 | 4.17 | 5.12 | 65 |
| 10 | Michigan | 24,059 | $289,900 | 4.12 | 5.29 | 57 |
| 11 | Alaska | 1,181 | $460,000 | 4.03 | 3.58 | 63 |
| 12 | North Dakota | 2,046 | $345,880 | 4.02 | 4.11 | 66 |
| 13 | Georgia | 65,412 | $391,500 | 3.94 | 4.48 | 58 |
| 14 | New Mexico | 7,468 | $389,925 | 3.94 | 4.71 | 74 |
| 15 | Delaware | 4,550 | $487,900 | 3.92 | 4.12 | 61 |
| 16 | Ohio | 22,755 | $309,000 | 3.89 | 5.15 | 52 |
| 17 | Missouri | 20,330 | $318,946 | 3.86 | 4.92 | 59 |
| 18 | Minnesota | 15,742 | $407,260 | 3.72 | 3.11 | 47 |
| 19 | Tennessee | 37,272 | $425,000 | 3.68 | 4.61 | 59 |
| 20 | Kansas | 7,711 | $310,000 | 3.68 | 4.79 | 57 |
| 21 | Florida | 206,593 | $399,500 | 3.64 | 3.76 | 76 |
| 22 | Illinois | 20,051 | $319,899 | 3.63 | 4.73 | 45 |
| 23 | Pennsylvania | 27,302 | $329,000 | 3.62 | 4.51 | 58 |
| 24 | North Carolina | 52,282 | $395,000 | 3.62 | 4.59 | 62 |
| 25 | Virginia | 22,314 | $480,000 | 3.57 | 4.18 | 45 |
| 26 | Maryland | 17,463 | $485,000 | 3.54 | 3.05 | 46 |
| 27 | Iowa | 11,310 | $299,900 | 3.45 | 3.85 | 66 |
| 28 | Nebraska | 5,456 | $357,990 | 3.38 | 4.16 | 58 |
| 29 | Wyoming | 2,519 | $435,000 | 3.32 | 4.35 | 76 |
| 30 | Arizona | 43,128 | $445,000 | 3.30 | 3.24 | 65 |
| 31 | Texas | 192,038 | $375,000 | 3.30 | 2.13 | 60 |
| 32 | South Dakota | 3,080 | $372,950 | 3.24 | 4.43 | 62 |
| 33 | Maine | 4,005 | $415,000 | 3.22 | 5.20 | 101 |
| 34 | Colorado | 30,002 | $569,970 | 3.20 | 1.64 | 56 |
| 35 | Nevada | 14,035 | $490,000 | 3.17 | 3.48 | 59 |
| 36 | DC | 2,375 | $599,000 | 3.14 | 3.14 | 48 |
| 37 | Idaho | 10,545 | $550,000 | 2.99 | 3.58 | 55 |
| 38 | Oregon | 16,324 | $519,900 | 2.91 | 1.84 | 65 |
| 39 | Wisconsin | 10,482 | $418,150 | 2.88 | 4.99 | 53 |
| 40 | Utah | 17,775 | $580,000 | 2.82 | 3.16 | 57 |
| 41 | California | 81,528 | $699,000 | 2.80 | 2.66 | 52 |
| 42 | Washington | 23,588 | $616,350 | 2.58 | 1.63 | 52 |
| 43 | Montana | 5,951 | $585,000 | 2.57 | 4.51 | 78 |
| 44 | Vermont | 2,016 | $479,000 | 2.55 | 3.99 | 97 |
| 45 | Connecticut | 3,952 | $539,950 | 2.52 | 4.94 | 38 |
| 46 | Rhode Island | 1,284 | $589,900 | 2.39 | 4.34 | 42 |
| 47 | Hawaii | 5,023 | $799,000 | 2.20 | 2.00 | 85 |
| 48 | New Jersey | 17,317 | $569,000 | 2.19 | 3.53 | 42 |
| 49 | Massachusetts | 9,430 | $775,000 | 2.15 | 3.01 | 35 |
| 50 | New York | 37,102 | $745,000 | 2.08 | 3.31 | 68 |