Cap Rates by City — 2026 Market Data
Compare average cap rates, home prices, rents, and rent-to-price ratios across the top 50 US real estate investing markets. Click any city for a full market breakdown.
| Detroit, MI | 11.2%Excellent | $85,000 | $1,050/mo | 1.24% |
| Cleveland, OH | 9.8%Very Good | $105,000 | $1,100/mo | 1.05% |
| Memphis, TN | 9.2%Very Good | $130,000 | $1,200/mo | 0.92% |
| Toledo, OH | 9.0%Very Good | $88,000 | $850/mo | 0.97% |
| Dayton, OH | 8.8%Very Good | $95,000 | $900/mo | 0.95% |
| Akron, OH | 8.6%Very Good | $100,000 | $950/mo | 0.95% |
| Birmingham, AL | 8.5%Very Good | $125,000 | $1,100/mo | 0.88% |
| Little Rock, AR | 8.3%Very Good | $150,000 | $1,150/mo | 0.77% |
| Indianapolis, IN | 8.1%Very Good | $175,000 | $1,350/mo | 0.77% |
| Tulsa, OK | 7.9%Good | $155,000 | $1,150/mo | 0.74% |
| Oklahoma City, OK | 7.7%Good | $175,000 | $1,250/mo | 0.71% |
| Kansas City, MO | 7.5%Good | $195,000 | $1,350/mo | 0.69% |
| St. Louis, MO | 7.4%Good | $165,000 | $1,200/mo | 0.73% |
| Louisville, KY | 7.3%Good | $195,000 | $1,300/mo | 0.67% |
| Pittsburgh, PA | 7.2%Good | $180,000 | $1,250/mo | 0.69% |
| Huntsville, AL | 7.1%Good | $260,000 | $1,500/mo | 0.58% |
| Cincinnati, OH | 7.0%Good | $195,000 | $1,300/mo | 0.67% |
| Columbus, OH | 6.8%Good | $240,000 | $1,450/mo | 0.60% |
| Milwaukee, WI | 6.7%Good | $175,000 | $1,150/mo | 0.66% |
| Des Moines, IA | 6.6%Good | $200,000 | $1,250/mo | 0.63% |
| San Antonio, TX | 6.5%Good | $250,000 | $1,450/mo | 0.58% |
| Baltimore, MD | 6.5%Good | $180,000 | $1,350/mo | 0.75% |
| Jacksonville, FL | 6.4%Good | $285,000 | $1,550/mo | 0.54% |
| Houston, TX | 6.3%Good | $265,000 | $1,500/mo | 0.57% |
| Richmond, VA | 6.2%Good | $280,000 | $1,500/mo | 0.54% |
| Minneapolis, MN | 6.1%Good | $295,000 | $1,550/mo | 0.53% |
| Chicago, IL | 6.0%Good | $275,000 | $1,600/mo | 0.58% |
| Atlanta, GA | 5.9%Moderate | $320,000 | $1,700/mo | 0.53% |
| Savannah, GA | 5.9%Moderate | $275,000 | $1,450/mo | 0.53% |
| Knoxville, TN | 5.8%Moderate | $270,000 | $1,400/mo | 0.52% |
| Dallas, TX | 5.7%Moderate | $340,000 | $1,700/mo | 0.50% |
| Charlotte, NC | 5.6%Moderate | $340,000 | $1,650/mo | 0.49% |
| Philadelphia, PA | 5.6%Moderate | $240,000 | $1,500/mo | 0.63% |
| Tampa, FL | 5.5%Moderate | $350,000 | $1,750/mo | 0.50% |
| Salt Lake City, UT | 5.4%Moderate | $420,000 | $1,650/mo | 0.39% |
| Orlando, FL | 5.3%Moderate | $355,000 | $1,700/mo | 0.48% |
| Nashville, TN | 5.2%Moderate | $400,000 | $1,800/mo | 0.45% |
| Raleigh, NC | 5.1%Moderate | $380,000 | $1,700/mo | 0.45% |
| Charleston, SC | 5.0%Moderate | $385,000 | $1,750/mo | 0.45% |
| Phoenix, AZ | 4.9%Moderate | $385,000 | $1,650/mo | 0.43% |
| Las Vegas, NV | 4.8%Moderate | $380,000 | $1,600/mo | 0.42% |
| Sacramento, CA | 4.7%Moderate | $450,000 | $1,850/mo | 0.41% |
| Boise, ID | 4.5%Moderate | $420,000 | $1,600/mo | 0.38% |
| Denver, CO | 4.4%Moderate | $525,000 | $1,900/mo | 0.36% |
| Austin, TX | 4.3%Moderate | $450,000 | $1,750/mo | 0.39% |
| Portland, OR | 4.2%Moderate | $480,000 | $1,750/mo | 0.36% |
| Seattle, WA | 3.8%Low | $720,000 | $2,200/mo | 0.31% |
| San Diego, CA | 3.5%Low | $820,000 | $2,600/mo | 0.32% |
| Los Angeles, CA | 3.2%Low | $900,000 | $2,700/mo | 0.30% |
| San Francisco, CA | 2.8%Low | $1,200,000 | $3,200/mo | 0.27% |
Data represents estimated 2025-2026 market averages based on public sources including Census data, Zillow, and Redfin. Cap rates are approximate and will vary by neighborhood, property type, and condition. Always run your own numbers before making investment decisions.
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