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 | 21,050 | $269,990 | 5.77 | 3.21 | 89 |
| 2 | Mississippi | 9,557 | $299,000 | 5.16 | 5.81 | 85 |
| 3 | West Virginia | 3,776 | $269,945 | 4.85 | 6.34 | 85 |
| 4 | Alabama | 32,181 | $324,900 | 4.81 | 5.73 | 66 |
| 5 | Indiana | 19,571 | $308,900 | 4.72 | 7.11 | 61 |
| 6 | South Carolina | 35,615 | $350,000 | 4.50 | 6.60 | 64 |
| 7 | Arkansas | 15,067 | $299,999 | 4.35 | 6.46 | 78 |
| 8 | Kentucky | 14,182 | $315,000 | 4.33 | 6.19 | 72 |
| 9 | Oklahoma | 19,378 | $315,000 | 4.23 | 6.08 | 72 |
| 10 | Michigan | 23,432 | $285,000 | 4.11 | 6.46 | 62 |
| 11 | North Dakota | 1,991 | $349,900 | 4.04 | 4.69 | 79 |
| 12 | Delaware | 4,240 | $477,495 | 4.00 | 5.64 | 65 |
| 13 | Ohio | 22,189 | $299,900 | 3.96 | 6.36 | 58 |
| 14 | Georgia | 60,395 | $389,000 | 3.95 | 5.60 | 58 |
| 15 | Missouri | 19,426 | $314,900 | 3.92 | 6.10 | 65 |
| 16 | New Mexico | 7,073 | $389,000 | 3.92 | 5.39 | 87 |
| 17 | Kansas | 7,470 | $299,900 | 3.81 | 5.96 | 70 |
| 18 | Tennessee | 34,992 | $424,000 | 3.76 | 5.96 | 67 |
| 19 | Minnesota | 14,231 | $399,900 | 3.68 | 4.01 | 55 |
| 20 | Illinois | 19,404 | $315,000 | 3.65 | 5.34 | 50 |
| 21 | Florida | 204,444 | $399,900 | 3.64 | 4.71 | 83 |
| 22 | North Carolina | 49,309 | $389,900 | 3.63 | 5.54 | 72 |
| 23 | Pennsylvania | 25,688 | $325,000 | 3.61 | 5.41 | 71 |
| 24 | Virginia | 20,466 | $469,500 | 3.61 | 5.27 | 53 |
| 25 | Maryland | 16,042 | $469,990 | 3.58 | 3.93 | 54 |
| 26 | Iowa | 11,180 | $297,500 | 3.50 | 4.61 | 75 |
| 27 | Wyoming | 2,413 | $416,900 | 3.47 | 4.47 | 85 |
| 28 | Nebraska | 5,359 | $350,000 | 3.45 | 5.37 | 58 |
| 29 | Texas | 184,666 | $370,000 | 3.32 | 3.40 | 63 |
| 30 | Arizona | 41,567 | $440,000 | 3.30 | 3.86 | 66 |
| 31 | South Dakota | 2,962 | $370,500 | 3.24 | 5.35 | 77 |
| 32 | Colorado | 27,501 | $559,000 | 3.22 | 2.80 | 58 |
| 33 | Maine | 3,945 | $399,900 | 3.22 | 6.65 | 110 |
| 34 | Nevada | 13,657 | $489,000 | 3.18 | 4.06 | 58 |
| 35 | DC | 2,100 | $584,995 | 3.18 | 3.18 | 58 |
| 36 | Idaho | 9,848 | $539,900 | 3.04 | 4.49 | 58 |
| 37 | Oregon | 15,259 | $500,000 | 2.97 | 3.12 | 79 |
| 38 | California | 75,354 | $685,000 | 2.84 | 3.43 | 52 |
| 39 | Utah | 16,948 | $580,513 | 2.80 | 4.30 | 62 |
| 40 | Wisconsin | 9,788 | $414,900 | 2.77 | 5.79 | 59 |
| 41 | Washington | 21,538 | $599,950 | 2.65 | 3.06 | 56 |
| 42 | Montana | 5,622 | $575,000 | 2.62 | 6.21 | 95 |
| 43 | Connecticut | 3,671 | $525,000 | 2.58 | 6.01 | 49 |
| 44 | Rhode Island | 1,281 | $574,999 | 2.51 | 5.58 | 52 |
| 45 | Vermont | 1,922 | $490,375 | 2.47 | 4.26 | 125 |
| 46 | New Jersey | 15,365 | $549,900 | 2.20 | 4.37 | 50 |
| 47 | Massachusetts | 7,797 | $739,999 | 2.20 | 4.36 | 48 |
| 48 | Hawaii | 5,192 | $829,000 | 2.15 | 2.83 | 91 |
| 49 | New York | 34,238 | $725,000 | 2.08 | 3.70 | 86 |
| 50 | New Hampshire | 2,077 | $549,900 | 2.00 | 5.91 | 68 |