Faro Labs / Markets

U.S. rental investment markets

What a typical rental costs, rents for, and returns in 210 major markets: every return figure computed by Faro's own underwriting engine, not scraped from a summary.

California

42 markets

Difficult for both

Los Angeles, CA

$951,035 typical price · $2,980/mo rent · 1.3% cap rate · $3,868/mo cash flow

Difficult for both

San Diego, CA

$1,007,800 typical price · $3,136/mo rent · 1.3% cap rate · $4,117/mo cash flow

Difficult for both

San Jose, CA

$1,438,450 typical price · $3,219/mo rent · 0.5% cap rate · $6,894/mo cash flow

Appreciation market

San Francisco, CA

$1,393,773 typical price · $3,457/mo rent · 0.7% cap rate · $6,406/mo cash flow

Difficult for both

Fresno, CA

$391,319 typical price · $2,027/mo rent · 3.3% cap rate · $943/mo cash flow

Difficult for both

Sacramento, CA

$481,741 typical price · $2,167/mo rent · 2.7% cap rate · $1,427/mo cash flow

Difficult for both

Long Beach, CA

$861,013 typical price · $2,377/mo rent · 1.0% cap rate · $3,762/mo cash flow

Difficult for both

Oakland, CA

$724,465 typical price · $2,586/mo rent · 1.8% cap rate · $2,691/mo cash flow

Difficult for both

Bakersfield, CA

$397,094 typical price · $2,025/mo rent · 3.3% cap rate · $983/mo cash flow

Difficult for both

Anaheim, CA

$953,649 typical price · $2,869/mo rent · 1.2% cap rate · $3,975/mo cash flow

Difficult for both

Stockton, CA

$430,357 typical price · $2,233/mo rent · 3.3% cap rate · $1,034/mo cash flow

Difficult for both

Riverside, CA

$648,392 typical price · $2,450/mo rent · 2.0% cap rate · $2,298/mo cash flow

Difficult for both

Irvine, CA

$1,547,649 typical price · $3,482/mo rent · 0.5% cap rate · $7,403/mo cash flow

Difficult for both

Santa Ana, CA

$869,908 typical price · $2,875/mo rent · 1.5% cap rate · $3,417/mo cash flow

Difficult for both

Chula Vista, CA

$844,972 typical price · $3,233/mo rent · 2.0% cap rate · $2,963/mo cash flow

Difficult for both

Santa Clarita, CA

$799,047 typical price · $2,964/mo rent · 1.9% cap rate · $2,877/mo cash flow

Difficult for both

Fremont, CA

$1,522,613 typical price · $3,082/mo rent · 0.3% cap rate · $7,561/mo cash flow

Difficult for both

San Bernardino, CA

$492,902 typical price · $2,106/mo rent · 2.5% cap rate · $1,550/mo cash flow

Difficult for both

Modesto, CA

$447,871 typical price · $2,106/mo rent · 2.9% cap rate · $1,252/mo cash flow

Difficult for both

Moreno Valley, CA

$551,790 typical price · $2,488/mo rent · 2.7% cap rate · $1,630/mo cash flow

Difficult for both

Oxnard, CA

$765,145 typical price · $3,036/mo rent · 2.2% cap rate · $2,595/mo cash flow

Appreciation market

Huntington Beach, CA

$1,372,691 typical price · $3,277/mo rent · 0.6% cap rate · $6,413/mo cash flow

Difficult for both

Glendale, CA

$1,204,362 typical price · $2,936/mo rent · 0.7% cap rate · $5,577/mo cash flow

Difficult for both

Ontario, CA

$670,844 typical price · $2,667/mo rent · 2.2% cap rate · $2,271/mo cash flow

Difficult for both

Elk Grove, CA

$637,306 typical price · $2,713/mo rent · 2.4% cap rate · $2,012/mo cash flow

Difficult for both

Santa Rosa, CA

$719,301 typical price · $2,671/mo rent · 1.9% cap rate · $2,588/mo cash flow

Difficult for both

Rancho Cucamonga, CA

$790,471 typical price · $2,893/mo rent · 1.9% cap rate · $2,878/mo cash flow

Difficult for both

Oceanside, CA

$878,141 typical price · $3,114/mo rent · 1.7% cap rate · $3,278/mo cash flow

Difficult for both

Lancaster, CA

$467,539 typical price · $2,716/mo rent · 3.9% cap rate · $888/mo cash flow

Difficult for both

Roseville, CA

$650,792 typical price · $2,591/mo rent · 2.2% cap rate · $2,200/mo cash flow

Difficult for both

Corona, CA

$764,199 typical price · $2,788/mo rent · 1.8% cap rate · $2,790/mo cash flow

Difficult for both

Hayward, CA

$843,113 typical price · $2,738/mo rent · 1.5% cap rate · $3,351/mo cash flow

Difficult for both

Sunnyvale, CA

$2,115,445 typical price · $3,473/mo rent · -0.1% cap rate · $11,160/mo cash flow

Difficult for both

Visalia, CA

$399,332 typical price · $2,018/mo rent · 3.2% cap rate · $1,003/mo cash flow

Difficult for both

Escondido, CA

$845,980 typical price · $2,898/mo rent · 1.6% cap rate · $3,241/mo cash flow

Difficult for both

Victorville, CA

$436,270 typical price · $2,356/mo rent · 3.5% cap rate · $973/mo cash flow

Difficult for both

Fullerton, CA

$1,053,270 typical price · $2,866/mo rent · 0.9% cap rate · $4,636/mo cash flow

Difficult for both

Torrance, CA

$1,123,890 typical price · $2,938/mo rent · 0.8% cap rate · $5,044/mo cash flow

Difficult for both

Orange, CA

$1,140,934 typical price · $3,105/mo rent · 0.9% cap rate · $5,021/mo cash flow

Difficult for both

Pasadena, CA

$1,213,480 typical price · $3,074/mo rent · 0.8% cap rate · $5,526/mo cash flow

Difficult for both

Santa Clara, CA

$1,746,121 typical price · $3,461/mo rent · 0.2% cap rate · $8,731/mo cash flow

Difficult for both

Clovis, CA

$519,666 typical price · $2,310/mo rent · 2.6% cap rate · $1,562/mo cash flow

Texas

27 markets

Difficult for both

Houston, TX

$264,952 typical price · $1,659/mo rent · 4.4% cap rate · $406/mo cash flow

Difficult for both

San Antonio, TX

$251,065 typical price · $1,461/mo rent · 4.0% cap rate · $475/mo cash flow

Difficult for both

Dallas, TX

$312,024 typical price · $1,720/mo rent · 3.7% cap rate · $668/mo cash flow

Difficult for both

Fort Worth, TX

$300,445 typical price · $1,718/mo rent · 3.9% cap rate · $593/mo cash flow

Difficult for both

Austin, TX

$510,722 typical price · $1,710/mo rent · 1.6% cap rate · $1,989/mo cash flow

Difficult for both

El Paso, TX

$237,327 typical price · $1,554/mo rent · 4.7% cap rate · $309/mo cash flow

Difficult for both

Arlington, TX

$313,207 typical price · $1,799/mo rent · 3.9% cap rate · $612/mo cash flow

Difficult for both

Corpus Christi, TX

$225,063 typical price · $1,490/mo rent · 4.7% cap rate · $280/mo cash flow

Difficult for both

Plano, TX

$506,472 typical price · $1,812/mo rent · 1.8% cap rate · $1,878/mo cash flow

Difficult for both

Lubbock, TX

$212,602 typical price · $1,425/mo rent · 4.8% cap rate · $250/mo cash flow

Difficult for both

Irving, TX

$345,281 typical price · $1,734/mo rent · 3.2% cap rate · $876/mo cash flow

Difficult for both

Garland, TX

$290,089 typical price · $1,671/mo rent · 3.9% cap rate · $563/mo cash flow

Difficult for both

Frisco, TX

$658,055 typical price · $1,820/mo rent · 1.0% cap rate · $2,873/mo cash flow

Difficult for both

McKinney, TX

$484,670 typical price · $1,840/mo rent · 2.0% cap rate · $1,711/mo cash flow

Difficult for both

Grand Prairie, TX

$318,420 typical price · $1,755/mo rent · 3.7% cap rate · $682/mo cash flow

Difficult for both

Amarillo, TX

$209,934 typical price · $1,422/mo rent · 4.9% cap rate · $235/mo cash flow

Difficult for both

Brownsville, TX

$197,292 typical price · $1,549/mo rent · 5.9% cap rate · $49/mo cash flow

Difficult for both

Denton, TX

$353,589 typical price · $1,668/mo rent · 2.9% cap rate · $985/mo cash flow

Difficult for both

Killeen, TX

$221,099 typical price · $1,306/mo rent · 4.0% cap rate · $403/mo cash flow

Difficult for both

Mesquite, TX

$263,385 typical price · $1,726/mo rent · 4.7% cap rate · $342/mo cash flow

Difficult for both

McAllen, TX

$230,215 typical price · $1,484/mo rent · 4.6% cap rate · $319/mo cash flow

Difficult for both

Pasadena, TX

$220,044 typical price · $1,509/mo rent · 5.0% cap rate · $231/mo cash flow

Difficult for both

Waco, TX

$200,100 typical price · $1,532/mo rent · 5.7% cap rate · $81/mo cash flow

Difficult for both

Midland, TX

$331,081 typical price · $1,687/mo rent · 3.3% cap rate · $820/mo cash flow

Difficult for both

Round Rock, TX

$408,956 typical price · $1,690/mo rent · 2.3% cap rate · $1,332/mo cash flow

Difficult for both

Carrollton, TX

$407,785 typical price · $1,797/mo rent · 2.6% cap rate · $1,238/mo cash flow

Appreciation market

Abilene, TX

$219,057 typical price · $1,367/mo rent · 4.4% cap rate · $340/mo cash flow

Florida

16 markets

Difficult for both

Jacksonville, FL

$287,325 typical price · $1,670/mo rent · 3.9% cap rate · $545/mo cash flow

Difficult for both

Miami, FL

$581,864 typical price · $3,140/mo rent · 3.5% cap rate · $1,300/mo cash flow

Difficult for both

Tampa, FL

$379,284 typical price · $2,221/mo rent · 4.0% cap rate · $706/mo cash flow

Difficult for both

Orlando, FL

$376,216 typical price · $1,983/mo rent · 3.4% cap rate · $879/mo cash flow

Difficult for both

Port St. Lucie, FL

$339,806 typical price · $1,990/mo rent · 4.0% cap rate · $633/mo cash flow

Difficult for both

St. Petersburg, FL

$339,806 typical price · $1,990/mo rent · 4.0% cap rate · $633/mo cash flow

Difficult for both

Cape Coral, FL

$338,328 typical price · $2,205/mo rent · 4.6% cap rate · $449/mo cash flow

Difficult for both

Hialeah, FL

$444,204 typical price · $2,562/mo rent · 3.9% cap rate · $859/mo cash flow

Difficult for both

Tallahassee, FL

$296,155 typical price · $1,567/mo rent · 3.4% cap rate · $687/mo cash flow

Difficult for both

Fort Lauderdale, FL

$511,687 typical price · $2,799/mo rent · 3.6% cap rate · $1,113/mo cash flow

Difficult for both

Pembroke Pines, FL

$488,108 typical price · $2,687/mo rent · 3.7% cap rate · $1,048/mo cash flow

Difficult for both

Hollywood, FL

$442,573 typical price · $2,459/mo rent · 3.7% cap rate · $932/mo cash flow

Difficult for both

Gainesville, FL

$300,239 typical price · $1,701/mo rent · 3.8% cap rate · $605/mo cash flow

Difficult for both

Palm Bay, FL

$305,746 typical price · $1,975/mo rent · 4.6% cap rate · $420/mo cash flow

Difficult for both

Miramar, FL

$518,221 typical price · $2,793/mo rent · 3.5% cap rate · $1,161/mo cash flow

Difficult for both

Fort Myers, FL

$310,245 typical price · $1,886/mo rent · 4.2% cap rate · $522/mo cash flow

Arizona

10 markets

North Carolina

7 markets

Virginia

7 markets

Ohio

6 markets

Washington

6 markets

Colorado

6 markets

Tennessee

6 markets

Georgia

6 markets

New York

5 markets

Illinois

4 markets

Nevada

4 markets

Missouri

4 markets

Alabama

4 markets

South Carolina

4 markets

Connecticut

4 markets

Oklahoma

3 markets

Michigan

3 markets

Oregon

3 markets

Louisiana

3 markets

New Jersey

3 markets

Pennsylvania

2 markets

Indiana

2 markets

Massachusetts

2 markets

Wisconsin

2 markets

Nebraska

2 markets

Minnesota

2 markets

Kansas

2 markets

Iowa

2 markets

Kentucky

1 market

Maryland

1 market

New Mexico

1 market

Alaska

1 market

Idaho

1 market

Utah

1 market

South Dakota

1 market

Arkansas

1 market

Rhode Island

1 market

Mississippi

1 market

North Dakota

1 market

Markets don't cash-flow. Properties do.

Paste a real listing and Faro underwrites that specific address from its own comps.