Top 22 markets, ranked
Jefferson County, AR leads with a median price of $81,305, median rent of $840, and a 8.1% cap rate. Click any market for the full county report, or run its numbers in the calculator.
| # | Market | Median price | Median price | Median rent | Cap rate | Cash flow | Analyze |
|---|---|---|---|---|---|---|---|
| 1 | Jefferson County, AR | $81,305 | $81,305 | $840 | 8.1% | $96 | Run numbers |
| 2 | McDonough County, IL | $99,184 | $99,184 | $919 | 7.2% | $48 | Run numbers |
| 3 | Vermilion County, IL | $101,321 | $101,321 | $886 | 6.8% | $15 | Run numbers |
| 4 | Jackson County, OK | $114,041 | $114,041 | $980 | 6.7% | $6 | Run numbers |
| 5 | Halifax County, NC | $116,316 | $116,316 | $1,125 | 7.5% | $87 | Run numbers |
| 6 | Lauderdale County, MS | $121,229 | $121,229 | $1,291 | 8.3% | $168 | Run numbers |
| 7 | Hinds County, MS | $130,045 | $130,045 | $1,286 | 7.7% | $115 | Run numbers |
| 8 | Woodward County, OK | $139,482 | $139,482 | $1,508 | 8.4% | $208 | Run numbers |
| 9 | Howard County, TX | $142,857 | $142,857 | $1,452 | 7.9% | $152 | Run numbers |
| 10 | Iberia Parish, LA | $145,862 | $145,862 | $1,290 | 6.9% | $30 | Run numbers |
| 11 | Kleberg County, TX | $149,576 | $149,576 | $1,542 | 8.0% | $174 | Run numbers |
| 12 | Halifax County, VA | $153,994 | $153,994 | $1,395 | 7.1% | $54 | Run numbers |
| 13 | Vermilion Parish, LA | $157,990 | $157,990 | $1,489 | 7.3% | $93 | Run numbers |
| 14 | Walker County, AL | $161,006 | $161,006 | $1,481 | 7.2% | $71 | Run numbers |
| 15 | Dale County, AL | $161,405 | $161,405 | $1,467 | 7.1% | $60 | Run numbers |
| 16 | Indiana County, PA | $172,619 | $172,619 | $1,913 | 8.6% | $287 | Run numbers |
| 17 | Iberville Parish, LA | $175,217 | $175,217 | $1,950 | 8.7% | $297 | Run numbers |
| 18 | Baltimore City, MD | $181,356 | $181,356 | $1,764 | 7.6% | $142 | Run numbers |
| 19 | Fairfield County, SC | $194,460 | $194,460 | $2,056 | 8.3% | $259 | Run numbers |
| 20 | Otsego County, NY | $220,102 | $220,102 | $1,931 | 6.8% | $36 | Run numbers |
| 21 | Taylor County, TX | $228,744 | $228,744 | $1,995 | 6.8% | $29 | Run numbers |
| 22 | Accomack County, VA | $245,742 | $245,742 | $2,206 | 7.0% | $73 | Run numbers |
How this ranking is calculated
We scored 22 counties and ranked them by median home price, lowest first, among counties with positive estimated monthly cash flow. Markets without both a median home price and a median rent are excluded, because cash flow cannot be estimated without both.
Every figure assumes a median-priced home rented at the local median rent, financed with 20 percent down on a 30-year loan at 7.40%, with closing costs at 3 percent of price and operating costs at 35 percent of rent. Operating costs cover taxes, insurance, maintenance, vacancy, and management.
These are modeled estimates for comparing markets, not quotes on a specific property. A real deal turns on the individual property, its condition, and the actual rent it can command. Run any market that interests you through the calculator with real numbers before you make an offer.
Other ways to rank markets
The best market depends on what you are optimizing for. These rankings measure different things and produce different lists.
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Best Rental Markets Under $200,000
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Best Appreciation Markets for Real Estate Investors
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Best Overall Real Estate Markets to Invest In
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