Rental property, by state

Whether a rental actually makes money — cap rate, real monthly cash flow, and the return on the cash you put in. Real estate only. No lead forms, no referrals, and no investment advice.

The costs that turn a “$300/month cash flow” into a loss

Vacancy, property management, and a capital reserve for the roof and the HVAC never arrive as monthly bills, so they are the three most commonly left out of a rental analysis — and together they routinely run a third of collected rent. We treat all three as real inputs, and say so when one is missing.

Pick your state

Statewide median price, and what it costs to hold that house for a month before any mortgage payment — property tax plus insurance, both sourced. That is the number your rent has to clear first.

Alabama

$282,139 median

$351/mo. to hold

Alaska

$420,506 median

$504/mo. to hold

Arizona

$448,407 median

$357/mo. to hold

Arkansas

$284,111 median

$541/mo. to hold

California

$904,640 median

$639/mo. to hold

Colorado

$563,000 median

$515/mo. to hold

Connecticut

$485,000 median

$956/mo. to hold

Delaware

$398,585 median

$294/mo. to hold

Florida

$425,000 median

$974/mo. to hold

Georgia

$360,000 median

$503/mo. to hold

Hawaii

$747,660 median

$243/mo. to hold

Idaho

$503,400 median

$396/mo. to hold

Illinois

$315,000 median

$699/mo. to hold

Indiana

$280,055 median

$426/mo. to hold

Iowa

$250,000 median

$587/mo. to hold

Kansas

$304,048 median

$668/mo. to hold

Kentucky

$279,900 median

$491/mo. to hold

Louisiana

$260,300 median

$614/mo. to hold

Maine

$428,478 median

$477/mo. to hold

Maryland

$463,449 median

$592/mo. to hold

Massachusetts

$690,000 median

$748/mo. to hold

Michigan

$299,900 median

$499/mo. to hold

Minnesota

$375,000 median

$614/mo. to hold

Mississippi

$284,900 median

$525/mo. to hold

Missouri

$299,064 median

$461/mo. to hold

Montana

$527,848 median

$589/mo. to hold

Nebraska

$300,800 median

$762/mo. to hold

Nevada

$518,600 median

$376/mo. to hold

New Hampshire

$574,200 median

$865/mo. to hold

New Jersey

$550,000 median

$990/mo. to hold

New Mexico

$357,000 median

$421/mo. to hold

New York

$480,000 median

$723/mo. to hold

North Carolina

$382,500 median

$462/mo. to hold

North Dakota

$313,885 median

$533/mo. to hold

Ohio

$245,500 median

$452/mo. to hold

Oklahoma

$252,400 median

$771/mo. to hold

Oregon

$521,368 median

$524/mo. to hold

Pennsylvania

$340,000 median

$539/mo. to hold

Rhode Island

$525,000 median

$741/mo. to hold

South Carolina

$359,900 median

$337/mo. to hold

South Dakota

$343,800 median

$529/mo. to hold

Tennessee

$383,600 median

$518/mo. to hold

Texas

$345,000 median

$812/mo. to hold

Utah

$534,300 median

$373/mo. to hold

Vermont

$423,700 median

$617/mo. to hold

Virginia

$453,389 median

$468/mo. to hold

Washington

$617,990 median

$570/mo. to hold

West Virginia

$274,142 median

$331/mo. to hold

Wisconsin

$358,877 median

$588/mo. to hold

Wyoming

$378,814 median

$332/mo. to hold

Estimates only — not investment, tax, or legal advice. How we calculate every figure