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 | 22,410 | $274,000 | 5.75 | 3.03 | 70 |
| 2 | Mississippi | 10,819 | $299,900 | 5.16 | 5.08 | 67 |
| 3 | West Virginia | 4,715 | $269,900 | 4.86 | 4.88 | 50 |
| 4 | Alabama | 34,837 | $334,900 | 4.74 | 4.66 | 59 |
| 5 | Indiana | 22,584 | $318,900 | 4.66 | 5.60 | 45 |
| 6 | South Carolina | 40,391 | $359,000 | 4.52 | 5.32 | 56 |
| 7 | Arkansas | 17,173 | $315,000 | 4.34 | 5.18 | 61 |
| 8 | Kentucky | 15,978 | $325,000 | 4.27 | 4.68 | 51 |
| 9 | Oklahoma | 20,713 | $325,000 | 4.19 | 4.81 | 58 |
| 10 | Alaska | 1,509 | $475,000 | 4.19 | 4.28 | 48 |
| 11 | Delaware | 5,092 | $485,000 | 4.02 | 3.98 | 57 |
| 12 | Michigan | 28,383 | $315,000 | 4.01 | 4.78 | 43 |
| 13 | New Mexico | 8,243 | $399,900 | 3.95 | 4.70 | 65 |
| 14 | Georgia | 70,225 | $399,900 | 3.94 | 4.05 | 52 |
| 15 | North Dakota | 2,241 | $354,900 | 3.93 | 4.04 | 49 |
| 16 | Missouri | 22,412 | $324,900 | 3.93 | 4.80 | 50 |
| 17 | Ohio | 27,966 | $311,207 | 3.85 | 5.01 | 42 |
| 18 | Minnesota | 19,467 | $415,000 | 3.72 | 2.82 | 38 |
| 19 | Tennessee | 41,087 | $429,900 | 3.71 | 4.19 | 55 |
| 20 | Kansas | 8,500 | $315,000 | 3.69 | 4.78 | 51 |
| 21 | Florida | 200,503 | $399,000 | 3.69 | 3.12 | 75 |
| 22 | Maryland | 19,678 | $477,900 | 3.65 | 2.94 | 42 |
| 23 | North Carolina | 59,294 | $400,000 | 3.60 | 4.17 | 55 |
| 24 | Pennsylvania | 31,157 | $344,990 | 3.58 | 4.38 | 47 |
| 25 | Virginia | 26,643 | $485,900 | 3.55 | 4.13 | 39 |
| 26 | Illinois | 21,779 | $339,900 | 3.53 | 4.25 | 43 |
| 27 | Iowa | 11,943 | $300,000 | 3.47 | 3.66 | 56 |
| 28 | Nebraska | 5,882 | $363,495 | 3.39 | 3.91 | 49 |
| 29 | Arizona | 43,569 | $446,000 | 3.32 | 2.41 | 65 |
| 30 | Texas | 205,032 | $380,452 | 3.29 | 1.81 | 57 |
| 31 | Colorado | 35,355 | $574,990 | 3.28 | 1.54 | 55 |
| 32 | Wyoming | 2,901 | $475,000 | 3.28 | 4.09 | 56 |
| 33 | Maine | 5,422 | $440,000 | 3.22 | 4.56 | 49 |
| 34 | Nevada | 14,890 | $499,900 | 3.21 | 3.28 | 51 |
| 35 | South Dakota | 3,489 | $379,900 | 3.13 | 3.76 | 56 |
| 36 | DC | 2,282 | $622,250 | 3.12 | 3.12 | 43 |
| 37 | Idaho | 12,347 | $570,750 | 2.99 | 2.51 | 49 |
| 38 | Utah | 19,955 | $579,990 | 2.89 | 2.47 | 56 |
| 39 | Oregon | 19,565 | $534,897 | 2.89 | 1.39 | 60 |
| 40 | Wisconsin | 12,666 | $420,000 | 2.81 | 4.15 | 42 |
| 41 | California | 92,762 | $709,990 | 2.80 | 2.29 | 50 |
| 42 | Connecticut | 5,326 | $550,000 | 2.78 | 4.98 | 28 |
| 43 | Washington | 31,024 | $629,950 | 2.60 | 1.16 | 47 |
| 44 | Vermont | 2,493 | $489,900 | 2.60 | 3.04 | 56 |
| 45 | Montana | 6,905 | $599,900 | 2.49 | 3.64 | 60 |
| 46 | Rhode Island | 1,702 | $629,450 | 2.45 | 3.85 | 28 |
| 47 | Massachusetts | 12,972 | $789,000 | 2.26 | 2.70 | 37 |
| 48 | New Jersey | 21,081 | $580,000 | 2.25 | 3.35 | 37 |
| 49 | Hawaii | 5,314 | $799,000 | 2.22 | 1.31 | 83 |
| 50 | New Hampshire | 3,462 | $595,000 | 2.16 | 3.66 | 36 |