State-by-State Investment Analysis
Best States for Rental Property Investment
Compare state taxes, landlord laws, and cash flow potential across the top rental property markets in the United States.
No Income Tax States
These states have no state income tax, maximizing your rental profits:
Highest Cash Flow States
States with the best average cash-on-cash returns:
All States for Rental Investment
Click any state to see detailed analysis, top cities, and market trends
Mississippi
Landlord FriendlyMedian Price
$180,000
Avg Rent
$1,000
Cash-on-Cash
11-15%
State Tax
Yes
Top cities: Jackson, Gulfport, Southaven
View State Analysis
West Virginia
Landlord FriendlyMedian Price
$160,000
Avg Rent
$900
Cash-on-Cash
11-15%
State Tax
Yes
Top cities: Charleston, Huntington, Morgantown
View State Analysis
Arkansas
Landlord FriendlyMedian Price
$200,000
Avg Rent
$1,050
Cash-on-Cash
10-13%
State Tax
Yes
Top cities: Little Rock, Fayetteville, Fort Smith
View State Analysis
Iowa
Landlord FriendlyMedian Price
$200,000
Avg Rent
$1,100
Cash-on-Cash
10-13%
State Tax
Yes
Top cities: Des Moines, Cedar Rapids, Davenport
View State Analysis
Kentucky
Landlord FriendlyMedian Price
$210,000
Avg Rent
$1,150
Cash-on-Cash
10-13%
State Tax
Yes
Top cities: Louisville, Lexington, Bowling Green
View State Analysis
Oklahoma
Landlord FriendlyMedian Price
$210,000
Avg Rent
$1,150
Cash-on-Cash
10-13%
State Tax
Yes
Top cities: Oklahoma City, Tulsa, Norman
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Ohio
Median Price
$220,000
Avg Rent
$1,300
Cash-on-Cash
9-12%
State Tax
Yes
Top cities: Columbus, Cleveland, Cincinnati
View State Analysis
Indiana
Landlord FriendlyMedian Price
$250,000
Avg Rent
$1,300
Cash-on-Cash
9-12%
State Tax
Yes
Top cities: Indianapolis, Fort Wayne, Evansville
View State Analysis
Missouri
Landlord FriendlyMedian Price
$250,000
Avg Rent
$1,250
Cash-on-Cash
9-12%
State Tax
Yes
Top cities: Kansas City, St. Louis, Springfield
View State Analysis
Michigan
Median Price
$230,000
Avg Rent
$1,250
Cash-on-Cash
9-13%
State Tax
Yes
Top cities: Detroit, Grand Rapids, Ann Arbor
View State Analysis
Alabama
Landlord FriendlyMedian Price
$220,000
Avg Rent
$1,150
Cash-on-Cash
9-12%
State Tax
Yes
Top cities: Birmingham, Huntsville, Mobile
View State Analysis
Kansas
Landlord FriendlyMedian Price
$220,000
Avg Rent
$1,150
Cash-on-Cash
9-12%
State Tax
Yes
Top cities: Wichita, Overland Park, Kansas City
View State Analysis
Louisiana
Landlord FriendlyMedian Price
$230,000
Avg Rent
$1,200
Cash-on-Cash
9-12%
State Tax
Yes
Top cities: New Orleans, Baton Rouge, Shreveport
View State Analysis
Nebraska
Landlord FriendlyMedian Price
$240,000
Avg Rent
$1,200
Cash-on-Cash
9-12%
State Tax
Yes
Top cities: Omaha, Lincoln, Bellevue
View State Analysis
Pennsylvania
Median Price
$280,000
Avg Rent
$1,400
Cash-on-Cash
8-11%
State Tax
Yes
Top cities: Philadelphia, Pittsburgh, Allentown
View State Analysis
Illinois
Median Price
$280,000
Avg Rent
$1,500
Cash-on-Cash
8-11%
State Tax
Yes
Top cities: Chicago, Aurora, Naperville
View State Analysis
Wisconsin
Median Price
$280,000
Avg Rent
$1,300
Cash-on-Cash
8-11%
State Tax
Yes
Top cities: Milwaukee, Madison, Green Bay
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Texas
Landlord FriendlyMedian Price
$350,000
Avg Rent
$1,650
Cash-on-Cash
7-10%
State Tax
None
Top cities: Dallas, Houston, Austin
View State Analysis
Georgia
Landlord FriendlyMedian Price
$350,000
Avg Rent
$1,650
Cash-on-Cash
7-10%
State Tax
Yes
Top cities: Atlanta, Savannah, Augusta
View State Analysis
Tennessee
Landlord FriendlyMedian Price
$350,000
Avg Rent
$1,500
Cash-on-Cash
7-11%
State Tax
None
Top cities: Nashville, Memphis, Knoxville
View State Analysis
North Carolina
Median Price
$350,000
Avg Rent
$1,550
Cash-on-Cash
7-9%
State Tax
Yes
Top cities: Charlotte, Raleigh, Durham
View State Analysis
North Dakota
Landlord FriendlyMedian Price
$280,000
Avg Rent
$1,150
Cash-on-Cash
7-10%
State Tax
Yes
Top cities: Fargo, Bismarck, Grand Forks
View State Analysis
South Carolina
Landlord FriendlyMedian Price
$300,000
Avg Rent
$1,450
Cash-on-Cash
7-10%
State Tax
Yes
Top cities: Charleston, Columbia, Greenville
View State Analysis
South Dakota
Landlord FriendlyMedian Price
$280,000
Avg Rent
$1,150
Cash-on-Cash
7-10%
State Tax
None
Top cities: Sioux Falls, Rapid City, Aberdeen
View State Analysis
Florida
Landlord FriendlyMedian Price
$400,000
Avg Rent
$1,800
Cash-on-Cash
6-9%
State Tax
None
Top cities: Tampa, Orlando, Jacksonville
View State Analysis
Arizona
Landlord FriendlyMedian Price
$420,000
Avg Rent
$1,600
Cash-on-Cash
6-9%
State Tax
Yes
Top cities: Phoenix, Tucson, Mesa
View State Analysis
Alaska
Median Price
$360,000
Avg Rent
$1,400
Cash-on-Cash
6-9%
State Tax
None
Top cities: Anchorage, Fairbanks, Juneau
View State Analysis
Connecticut
Median Price
$380,000
Avg Rent
$1,800
Cash-on-Cash
6-8%
State Tax
Yes
Top cities: Hartford, New Haven, Stamford
View State Analysis
Delaware
Median Price
$350,000
Avg Rent
$1,600
Cash-on-Cash
6-9%
State Tax
Yes
Top cities: Wilmington, Dover, Newark
View State Analysis
Minnesota
Median Price
$350,000
Avg Rent
$1,500
Cash-on-Cash
6-9%
State Tax
Yes
Top cities: Minneapolis, St. Paul, Rochester
View State Analysis
New Mexico
Median Price
$320,000
Avg Rent
$1,250
Cash-on-Cash
6-9%
State Tax
Yes
Top cities: Albuquerque, Las Cruces, Rio Rancho
View State Analysis
Virginia
Median Price
$380,000
Avg Rent
$1,700
Cash-on-Cash
6-9%
State Tax
Yes
Top cities: Virginia Beach, Norfolk, Richmond
View State Analysis
Wyoming
Landlord FriendlyMedian Price
$320,000
Avg Rent
$1,250
Cash-on-Cash
6-9%
State Tax
None
Top cities: Cheyenne, Casper, Laramie
View State Analysis
Colorado
Median Price
$550,000
Avg Rent
$2,000
Cash-on-Cash
5-7%
State Tax
Yes
Top cities: Denver, Colorado Springs, Aurora
View State Analysis
Idaho
Landlord FriendlyMedian Price
$450,000
Avg Rent
$1,500
Cash-on-Cash
5-8%
State Tax
Yes
Top cities: Boise, Meridian, Nampa
View State Analysis
Maine
Median Price
$380,000
Avg Rent
$1,500
Cash-on-Cash
5-8%
State Tax
Yes
Top cities: Portland, Lewiston, Bangor
View State Analysis
Maryland
Median Price
$420,000
Avg Rent
$1,900
Cash-on-Cash
5-8%
State Tax
Yes
Top cities: Baltimore, Columbia, Germantown
View State Analysis
Nevada
Landlord FriendlyMedian Price
$450,000
Avg Rent
$1,650
Cash-on-Cash
5-8%
State Tax
None
Top cities: Las Vegas, Henderson, Reno
View State Analysis
New Hampshire
Median Price
$480,000
Avg Rent
$1,800
Cash-on-Cash
5-7%
State Tax
None
Top cities: Manchester, Nashua, Concord
View State Analysis
New Jersey
Median Price
$500,000
Avg Rent
$2,100
Cash-on-Cash
5-7%
State Tax
Yes
Top cities: Newark, Jersey City, Paterson
View State Analysis
Rhode Island
Median Price
$450,000
Avg Rent
$1,800
Cash-on-Cash
5-7%
State Tax
Yes
Top cities: Providence, Warwick, Cranston
View State Analysis
Utah
Landlord FriendlyMedian Price
$500,000
Avg Rent
$1,700
Cash-on-Cash
5-8%
State Tax
Yes
Top cities: Salt Lake City, West Valley City, Provo
View State Analysis
Vermont
Median Price
$380,000
Avg Rent
$1,500
Cash-on-Cash
5-8%
State Tax
Yes
Top cities: Burlington, South Burlington, Rutland
View State Analysis
Massachusetts
Median Price
$600,000
Avg Rent
$2,400
Cash-on-Cash
4-6%
State Tax
Yes
Top cities: Boston, Worcester, Springfield
View State Analysis
Montana
Landlord FriendlyMedian Price
$480,000
Avg Rent
$1,500
Cash-on-Cash
4-7%
State Tax
Yes
Top cities: Billings, Missoula, Great Falls
View State Analysis
New York
Median Price
$430,000
Avg Rent
$2,200
Cash-on-Cash
4-7%
State Tax
Yes
Top cities: New York City, Buffalo, Rochester
View State Analysis
Oregon
Median Price
$520,000
Avg Rent
$1,750
Cash-on-Cash
4-7%
State Tax
Yes
Top cities: Portland, Eugene, Salem
View State Analysis
Washington
Median Price
$580,000
Avg Rent
$2,000
Cash-on-Cash
4-7%
State Tax
None
Top cities: Seattle, Spokane, Tacoma
View State Analysis
California
Median Price
$800,000
Avg Rent
$2,800
Cash-on-Cash
3-6%
State Tax
Yes
Top cities: Los Angeles, San Diego, San Francisco
View State Analysis
Hawaii
Median Price
$850,000
Avg Rent
$2,500
Cash-on-Cash
3-5%
State Tax
Yes
Top cities: Honolulu, Hilo, Kailua
View State Analysis
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