Gross rental yield is annual median rent divided by median home price — a pre-expense gauge of income potential (it is not a cap rate, which nets out operating costs). States are ranked across the metros we track. Gross Rental Yield by State (2026) — 1. Mississippi: 12.8% | 2. Connecticut: 12.1% | 3. Delaware: 8.6% | 4. Georgia: 7.5% | 5. West Virginia: 7.3% | 6. Minnesota: 7.3% | 7. Missouri: 7.0% | 8. Rhode Island: 6.5% | 9. Illinois: 6.5% | 10. New Hampshire: 6.2% | 11. Maryland: 6.2% | 12. Louisiana: 6.0% | 13. Michigan: 6.0% | 14. North Carolina: 5.8% | 15. Alabama: 5.7% | 16. Tennessee: 5.5% | 17. New Jersey: 5.5% | 18. Iowa: 5.2% | 19. Ohio: 5.2% | 20. Montana: 5.1% | 21. Oklahoma: 4.9% | 22. South Dakota: 4.9% | 23. Hawaii: 4.8% | 24. New Mexico: 4.8% | 25. Alaska: 4.7% | 26. Indiana: 4.7% | 27. Wisconsin: 4.5% | 28. Pennsylvania: 4.4% | 29. Kentucky: 4.4% | 30. Wyoming: 4.4% | 31. Florida: 4.3% | 32. Texas: 4.3% | 33. Colorado: 4.2% | 34. Vermont: 4.2% | 35. California: 4.2% | 36. Arkansas: 4.1% | 37. Kansas: 4.0% | 38. Washington: 3.9% | 39. Arizona: 3.7% | 40. Virginia: 3.7% | 41. Oregon: 3.7% | 42. North Dakota: 3.6% | 43. Maine: 3.5% | 44. Nevada: 3.3% | 45. New York: 3.1% | 46. Utah: 3.1% | 47. South Carolina: 3.0% | 48. Nebraska: 2.9% | 49. Idaho: 2.3% | 50. Massachusetts: 1.6%. Source: RentCast market trends + Census + Tavily-verified gov/listing sources, aggregated per state.
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