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Rental market data · 2024 Census estimates
Rental yield in the 100 largest US metros
Median home values and rents from the Census Bureau's American Community Survey, ranked by gross rent yield, with cash flow at today's mortgage rate. McAllen, TX ranks highest at 7.10%; San Jose, CA is lowest at 2.22%.
| Rank | Metro | Median value | Median rent | Gross yield | Price-to-rent | Cash flow / mo* |
|---|---|---|---|---|---|---|
| 1 | McAllen, TX | $164,200 | $971 | 7.10% | 14.1 | -$364 |
| 2 | Jackson, MS | $210,000 | $1,100 | 6.29% | 15.9 | -$437 |
| 3 | El Paso, TX | $208,800 | $1,081 | 6.21% | 16.1 | -$628 |
| 4 | Syracuse, NY | $217,600 | $1,114 | 6.14% | 16.3 | -$736 |
| 5 | Rochester, NY | $234,100 | $1,172 | 6.01% | 16.6 | -$839 |
| 6 | Dayton, OH | $228,600 | $1,119 | 5.87% | 17.0 | -$674 |
| 7 | Toledo, OH | $194,700 | $949 | 5.85% | 17.1 | -$583 |
| 8 | Lakeland, FL | $305,400 | $1,484 | 5.83% | 17.1 | -$739 |
| 9 | Birmingham, AL | $263,900 | $1,262 | 5.74% | 17.4 | -$604 |
| 10 | Augusta, GA-SC | $262,100 | $1,243 | 5.69% | 17.6 | -$623 |
| 11 | Cape Coral, FL | $396,500 | $1,871 | 5.66% | 17.7 | -$1,017 |
| 12 | New Orleans, LA | $267,900 | $1,262 | 5.65% | 17.7 | -$651 |
| 13 | Pittsburgh, PA | $230,300 | $1,083 | 5.64% | 17.7 | -$675 |
| 14 | Memphis, TN-MS-AR | $282,900 | $1,330 | 5.64% | 17.7 | -$704 |
| 15 | San Antonio, TX | $304,800 | $1,422 | 5.60% | 17.9 | -$955 |
| 16 | Columbia, SC | $270,400 | $1,257 | 5.58% | 17.9 | -$643 |
| 17 | Cleveland, OH | $234,700 | $1,087 | 5.56% | 18.0 | -$762 |
| 18 | Little Rock, AR | $237,300 | $1,093 | 5.53% | 18.1 | -$596 |
| 19 | Detroit, MI | $271,600 | $1,248 | 5.51% | 18.1 | -$837 |
| 20 | Oklahoma City, OK | $253,200 | $1,162 | 5.51% | 18.2 | -$700 |
| 21 | Orlando, FL | $409,400 | $1,877 | 5.50% | 18.2 | -$1,077 |
| 22 | Tampa, FL | $387,400 | $1,776 | 5.50% | 18.2 | -$1,022 |
| 23 | Baton Rouge, LA | $252,000 | $1,138 | 5.42% | 18.5 | -$639 |
| 24 | Wichita, KS | $223,700 | $1,010 | 5.42% | 18.5 | -$684 |
| 25 | Palm Bay, FL | $372,900 | $1,681 | 5.41% | 18.5 | -$991 |
| 26 | Tulsa, OK | $247,500 | $1,115 | 5.41% | 18.5 | -$681 |
| 27 | Houston, TX | $327,400 | $1,469 | 5.38% | 18.6 | -$1,081 |
| 28 | Akron, OH | $237,300 | $1,059 | 5.36% | 18.7 | -$774 |
| 29 | Deltona, FL | $362,600 | $1,614 | 5.34% | 18.7 | -$999 |
| 30 | Harrisburg, PA | $282,600 | $1,254 | 5.32% | 18.8 | -$866 |
| 31 | Dallas, TX | $389,500 | $1,718 | 5.29% | 18.9 | -$1,306 |
| 32 | Atlanta, GA | $402,100 | $1,770 | 5.28% | 18.9 | -$1,139 |
| 33 | Buffalo, NY | $253,200 | $1,114 | 5.28% | 18.9 | -$923 |
| 34 | Allentown, PA-NJ | $332,700 | $1,458 | 5.26% | 19.0 | -$1,115 |
| 35 | Indianapolis, IN | $291,400 | $1,273 | 5.24% | 19.1 | -$837 |
| 36 | Jacksonville, FL | $375,200 | $1,625 | 5.20% | 19.2 | -$1,064 |
| 37 | Chicago, IL-IN | $339,700 | $1,469 | 5.19% | 19.3 | -$1,292 |
| 38 | Greensboro, NC | $271,000 | $1,171 | 5.19% | 19.3 | -$766 |
| 39 | St. Louis, MO-IL | $268,300 | $1,154 | 5.16% | 19.4 | -$851 |
| 40 | Louisville, KY-IN | $265,900 | $1,140 | 5.14% | 19.4 | -$775 |
| 41 | Virginia Beach, VA-NC | $363,400 | $1,556 | 5.14% | 19.5 | -$1,064 |
| 42 | North Port, FL | $452,100 | $1,920 | 5.10% | 19.6 | -$1,316 |
| 43 | Albany, NY | $316,300 | $1,341 | 5.09% | 19.7 | -$1,142 |
| 44 | Omaha, NE-IA | $292,800 | $1,230 | 5.04% | 19.8 | -$1,064 |
| 45 | Kansas City, MO-KS | $314,300 | $1,315 | 5.02% | 19.9 | -$1,013 |
| 46 | Philadelphia, PA-NJ-DE-MD | $375,100 | $1,567 | 5.01% | 19.9 | -$1,293 |
| 47 | Cincinnati, OH-KY-IN | $288,700 | $1,203 | 5.00% | 20.0 | -$947 |
| 48 | Greenville, SC | $300,400 | $1,236 | 4.94% | 20.3 | -$829 |
| 49 | Richmond, VA | $378,100 | $1,546 | 4.91% | 20.4 | -$1,131 |
| 50 | Des Moines, IA | $288,400 | $1,178 | 4.90% | 20.4 | -$1,037 |
| 51 | Miami, FL | $510,600 | $2,083 | 4.90% | 20.4 | -$1,584 |
| 52 | Grand Rapids, MI | $316,600 | $1,289 | 4.89% | 20.5 | -$1,029 |
| 53 | Winston, NC | $270,700 | $1,102 | 4.89% | 20.5 | -$790 |
| 54 | San Juan, PR | $152,300 | $620 | 4.89% | 20.5 | -$424 |
| 55 | Bakersfield, CA | $363,600 | $1,479 | 4.88% | 20.5 | -$1,143 |
| 56 | Columbus, OH | $334,800 | $1,359 | 4.87% | 20.5 | -$1,159 |
| 57 | Baltimore, MD | $403,000 | $1,633 | 4.86% | 20.6 | -$1,306 |
| 58 | Charleston, SC | $430,300 | $1,714 | 4.78% | 20.9 | -$1,217 |
| 59 | Charlotte, NC-SC | $400,400 | $1,594 | 4.78% | 20.9 | -$1,207 |
| 60 | Hartford, CT | $367,100 | $1,458 | 4.77% | 21.0 | -$1,446 |
| 61 | Chattanooga, TN-GA | $324,500 | $1,265 | 4.68% | 21.4 | -$975 |
| 62 | Kiryas Joel, NY | $434,900 | $1,688 | 4.66% | 21.5 | -$1,789 |
| 63 | Phoenix, AZ | $470,600 | $1,819 | 4.64% | 21.6 | -$1,367 |
| 64 | Las Vegas, NV | $451,000 | $1,739 | 4.63% | 21.6 | -$1,343 |
| 65 | Albuquerque, NM | $322,700 | $1,220 | 4.54% | 22.0 | -$1,061 |
| 66 | Minneapolis, MN-WI | $384,300 | $1,444 | 4.51% | 22.2 | -$1,363 |
| 67 | Tucson, AZ | $349,500 | $1,300 | 4.46% | 22.4 | -$1,128 |
| 68 | Austin, TX | $482,800 | $1,784 | 4.43% | 22.6 | -$1,880 |
| 69 | Fresno, CA | $416,200 | $1,513 | 4.36% | 22.9 | -$1,400 |
| 70 | Nashville, TN | $449,300 | $1,627 | 4.35% | 23.0 | -$1,418 |
| 71 | Durham, NC | $441,300 | $1,598 | 4.35% | 23.0 | -$1,483 |
| 72 | Colorado Springs, CO | $487,900 | $1,761 | 4.33% | 23.1 | -$1,523 |
| 73 | Raleigh, NC | $465,800 | $1,674 | 4.31% | 23.2 | -$1,552 |
| 74 | Milwaukee, WI | $331,100 | $1,177 | 4.27% | 23.4 | -$1,284 |
| 75 | Knoxville, TN | $351,400 | $1,219 | 4.16% | 24.0 | -$1,119 |
| 76 | Riverside, CA | $579,500 | $2,006 | 4.15% | 24.1 | -$2,012 |
| 77 | Madison, WI | $415,500 | $1,437 | 4.15% | 24.1 | -$1,697 |
| 78 | Fayetteville, AR | $362,500 | $1,222 | 4.05% | 24.7 | -$1,222 |
| 79 | Washington, DC-VA-MD-WV | $604,800 | $2,037 | 4.04% | 24.7 | -$2,240 |
| 80 | Boise City, ID | $484,000 | $1,628 | 4.04% | 24.8 | -$1,612 |
| 81 | Worcester, MA | $465,500 | $1,563 | 4.03% | 24.8 | -$1,852 |
| 82 | Spokane, WA | $434,300 | $1,405 | 3.88% | 25.8 | -$1,618 |
| 83 | Ogden, UT | $507,500 | $1,641 | 3.88% | 25.8 | -$1,780 |
| 84 | Stockton, CA | $562,500 | $1,788 | 3.81% | 26.2 | -$2,100 |
| 85 | Sacramento, CA | $605,500 | $1,904 | 3.77% | 26.5 | -$2,276 |
| 86 | Denver, CO | $631,000 | $1,943 | 3.70% | 27.1 | -$2,287 |
| 87 | Bridgeport, CT | $615,800 | $1,895 | 3.69% | 27.1 | -$2,710 |
| 88 | Boston, MA-NH | $681,100 | $2,093 | 3.69% | 27.1 | -$2,743 |
| 89 | Portland, OR-WA | $584,800 | $1,767 | 3.63% | 27.6 | -$2,291 |
| 90 | Providence, RI-MA | $471,000 | $1,396 | 3.56% | 28.1 | -$1,950 |
| 91 | Salt Lake City, UT | $575,200 | $1,659 | 3.46% | 28.9 | -$2,158 |
| 92 | New York, NY-NJ | $648,800 | $1,851 | 3.42% | 29.2 | -$3,006 |
| 93 | Seattle, WA | $743,000 | $2,050 | 3.31% | 30.2 | -$3,068 |
| 94 | Provo, UT | $584,600 | $1,611 | 3.31% | 30.2 | -$2,214 |
| 95 | Oxnard, CA | $869,300 | $2,313 | 3.19% | 31.3 | -$3,531 |
| 96 | San Diego, CA | $914,700 | $2,336 | 3.06% | 32.6 | -$3,772 |
| 97 | Los Angeles, CA | $908,500 | $2,114 | 2.79% | 35.8 | -$3,914 |
| 98 | Urban Honolulu, HI | $920,600 | $2,001 | 2.61% | 38.3 | -$3,792 |
| 99 | San Francisco, CA | $1,132,900 | $2,435 | 2.58% | 38.8 | -$5,142 |
| 100 | San Jose, CA | $1,528,500 | $2,827 | 2.22% | 45.1 | -$7,137 |
Method
Gross yield is twelve months of median gross rent divided by median home value. Price-to-rent is the inverse. * Cash flow prices a hypothetical rental at each metro's medians with 25% down, a 30-year loan at 7.28% (Freddie Mac 30-year average, week of October 1, 2026), the metro's median property tax bill, insurance at 0.5% of price, and 5% vacancy, 10% repairs and 8% management. Metros are the 100 most populous metropolitan statistical areas. A metro whose rent or value estimate has a margin of error above 10% is not listed in search.
Census gross rent includes tenant-paid utilities and median value describes owner-occupied homes, so these are screening figures, not appraisals.
Sources
- U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25064 (median gross rent)
- U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25077 (median value, owner-occupied housing units)
- U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25103 (median real estate taxes paid)
- U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25003 (housing tenure)
- U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B01003 (total population)
- Freddie Mac Primary Mortgage Market Survey (30-year fixed average, week of October 1, 2026)
Data snapshot October 7, 2026.
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