Complete Ranking Best States to Invest in Real Estate per State in 2024

Overall Ranking

Rank	State	Rank	State
1	Georgia	27	Maryland
2	New Jersey	28	Kansas
3	Texas	29	Wyoming
4	Minnesota	30	Wisconsin
5	New Hampshire	31	Hawaii
6	District of Columbia (Washington DC)	32	South Carolina
7	Utah	33	Montana
8	Virginia	34	Michigan
9	California	35	Pennsylvania
10	Arizona	36	Rhode Island
11	Illinois	37	Indiana
12	Washington	38	Oregon
13	Massachusetts	39	Alabama
14	Tennessee	40	Oklahoma
15	Colorado	41	Idaho
16	Alaska	42	Iowa
17	Nevada	43	Vermont
18	South Dakota	44	Arkansas
19	North Dakota	45	Ohio
20	New York	46	Mississippi
21	Connecticut	47	Louisiana
22	North Carolina	48	Maine
23	Nebraska	49	West Virginia
24	Florida	50	Kentucky
25	Missouri	51	New Mexico
26	Delaware

Click here to return to the article.

Resident Affordability Ranking

States	Cost of Living Index	Ranking	Median Household Income	Ranking	Overall Resident Affordability Ranking
Alabama	88.8	5	$53,913	47	25
Alaska	124.4	46	$77,845	13	38
Arizona	107.2	36	$69,056	21	34
Arkansas	90.3	8	$52,528	48	33
California	134.5	48	$84,907	6	32
Colorado	105.5	34	$82,254	10	10
Connecticut	113.1	39	$83,771	9	17
Delaware	102.6	31	$71,091	20	23
District of Columbia (Washington DC)	148.7	50	$90,088	2	26
Florida	102.3	30	$63,062	37	47
Georgia	91	12	$66,559	26	6
Hawaii	179	51	$84,857	7	36
Idaho	106.1	35	$66,474	28	43
Illinois	90.8	11	$72,205	18	1
Indiana	91.5	13	$62,743	38	24
Iowa	89.7	6	$65,600	31	4
Kansas	87.7	3	$64,124	34	5
Kentucky	93.8	18	$55,573	45	44
Louisiana	92	14	$52,087	49	45
Maine	111.5	38	$64,767	33	51
Maryland	119.5	45	$90,203	1	13
Massachusetts	148.4	49	$89,645	3	27
Michigan	92.7	15	$63,498	35	21
Minnesota	94.1	21	$77,720	14	3
Mississippi	85.3	1	$48,716	51	28
Missouri	88.4	4	$61,847	41	12
Montana	103.7	33	$63,249	36	49
Nebraska	90.1	7	$66,817	25	2
Nevada	101.3	28	$66,274	29	35
New Hampshire	115	42	$88,465	5	15
New Jersey	114.1	40	$89,296	4	11
New Mexico	94.2	22	$53,992	46	48
New York	125.1	47	$74,314	15	41
North Carolina	96.1	25	$61,972	40	46
North Dakota	94.6	23	$66,519	27	22
Ohio	94	20	$62,262	39	39
Oklahoma	86	2	$55,826	44	14
Oregon	115.1	43	$71,562	19	42
Pennsylvania	99	27	$68,957	22	19
Rhode Island	110.5	37	$74,008	16	31
South Carolina	96.5	26	$59,318	43	50
South Dakota	93.8	19	$66,143	30	20
Tennessee	90.4	10	$59,695	42	29
Texas	93	17	$66,963	24	7
Utah	101.5	29	$79,449	12	8
Vermont	114.9	41	$72,431	17	37
Virginia	103.1	32	$80,963	11	9
Washington	115.1	44	$84,247	8	30
West Virginia	90.3	9	$51,248	50	40
Wisconsin	95	24	$67,125	23	16
Wyoming	92.8	16	$65,204	32	18

Click here to return to the article.

Home Value and Supply Ranking

States	Median Home Value	Ranking	Available Inventory	Ranking	Tax Burden	Ranking	Overall Home Value and Supply Ranking
Alabama	$284,900	36	14,723	14	9.80%	20	15
Alaska	$379,600	22	1,315	49	4.60%	1	16
Arizona	$436,100	16	18,787	9	9.50%	15	5
Arkansas	$258,100	42	9,000	25	10.20%	25	36
California	$785,900	2	40,313	3	13.50%	47	8
Colorado	$580,900	7	14,667	15	9.70%	19	6
Connecticut	$393,700	20	3,530	41	15.40%	50	47
Delaware	$327,300	31	2,044	45	12.40%	43	51
District of Columbia (Washington DC)	$668,250	4	6,814	33	12.00%	39	23
Florida	$407,200	19	113,489	1	9.10%	11	1
Georgia	$375,300	24	28,952	5	8.90%	8	4
Hawaii	$720,200	3	3,732	40	14.10%	49	38
Idaho	$460,900	12	5,739	35	10.70%	30	26
Illinois	$280,900	37	17,462	10	12.90%	45	35
Indiana	$258,000	43	11,994	19	9.30%	14	21
Iowa	$230,600	51	7,459	30	11.20%	33	49
Kansas	$276,300	39	5,439	36	11.20%	34	45
Kentucky	$251,300	48	8,154	28	9.60%	16	37
Louisiana	$257,400	44	13,609	16	9.10%	12	17
Maine	$373,700	26	2,935	43	12.40%	42	48
Maryland	$421,800	18	8,141	29	11.30%	35	30
Massachusetts	$614,700	6	6,473	34	11.50%	37	24
Michigan	$252,200	47	16,877	12	8.60%	6	13
Minnesota	$341,700	30	9,608	24	12.10%	40	41
Mississippi	$271,200	41	6,895	32	9.80%	21	40
Missouri	$255,400	45	13,531	17	9.30%	13	19
Montana	$442,052	14	3,767	39	10.50%	27	29
Nebraska	$290,500	34	4,057	38	11.50%	38	46
Nevada	$428,100	17	7,196	31	9.60%	17	14
New Hampshire	$452,700	13	1,784	48	9.60%	18	28
New Jersey	$477,600	10	11,902	20	13.20%	46	22
New Mexico	$349,200	29	4,257	37	10.20%	26	39
New York	$819,900	1	30,977	4	15.90%	51	10
North Carolina	$371,100	27	24,619	6	9.90%	23	11
North Dakota	$244,772	49	1,911	46	8.80%	7	44
Ohio	$240,900	50	15,199	13	10.00%	24	32
Oklahoma	$253,200	46	11,171	22	9.00%	10	27
Oregon	$510,900	9	9,719	23	10.80%	31	12
Pennsylvania	$278,700	38	19,361	8	10.60%	28	18
Rhode Island	$462,100	11	1,149	51	11.40%	36	43
South Carolina	$374,200	25	17,077	11	8.90%	9	7
South Dakota	$286,054	35	2,171	44	8.40%	4	31
Tennessee	$377,200	23	21,157	7	7.60%	3	2
Texas	$357,800	28	88,508	2	8.60%	5	3
Utah	$529,600	8	8,833	26	12.10%	41	20
Vermont	$385,300	21	1,185	50	13.60%	48	50
Virginia	$440,200	15	12,890	18	12.50%	44	25
Washington	$618,000	5	11,681	21	10.70%	29	9
West Virginia	$304,400	32	3,085	42	9.80%	22	42
Wisconsin	$297,100	33	8,769	27	10.90%	32	34
Wyoming	$276,000	40	1,909	47	7.50%	2	33

Click here to return to the article.

Rent Potential Ranking

States	Average Monthly Rent	Ranking	Rental Vacancy Rate (Q4 2023)	Ranking	Percentage of Renters	Ranking	Overall Rent Potential Ranking
Alabama	$811	45	10.8	49	28.7%	37	49
Alaska	$1,240	11	5.1	17	34.5%	14	9
Arizona	$1,097	18	6.7	30	32.8%	21	17
Arkansas	$760	50	11.9	50	35.5%	13	44
California	$1,586	3	4.1	8	45.4%	2	1
Colorado	$1,335	8	5.8	21	33.7%	17	11
Connecticut	$1,201	13	2.8	3	37.0%	7	5
Delaware	$1,150	16	3.1	4	27.4%	40	14
District of Columbia (Washington DC)	$1,607	2	6.3	25	55.3%	1	6
Florida	$1,218	12	10.3	48	32.1%	24	28
Georgia	$1,042	21	8.2	39	34.1%	15	23
Hawaii	$1,651	1	8.4	40	41.7%	4	10
Idaho	$887	31	6.2	23	26.7%	43	38
Illinois	$1,038	22	6.7	31	33.2%	18	19
Indiana	$844	39	10	46	27.9%	38	47
Iowa	$806	46	7.9	37	23.2%	50	50
Kansas	$863	35	7.8	36	30.3%	32	41
Kentucky	$783	48	4.9	16	30.1%	34	40
Louisiana	$876	32	10.1	47	30.2%	33	43
Maine	$873	33	3.5	7	23.8%	48	32
Maryland	$1,415	4	6.4	27	27.1%	41	21
Massachusetts	$1,336	7	2.4	1	38.3%	6	2
Michigan	$892	30	7.4	33	26.7%	44	42
Minnesota	$1,010	24	4.5	11	24.7%	47	26
Mississippi	$789	47	6.5	29	27.7%	39	46
Missouri	$843	40	6.2	24	30.3%	31	35
Montana	$836	41	4.9	15	32.9%	20	24
Nebraska	$857	37	5.2	18	31.5%	25	25
Nevada	$1,159	15	8	38	40.3%	5	13
New Hampshire	$1,145	17	3.2	5	26.3%	45	15
New Jersey	$1,368	5	4.2	9	36.7%	8	4
New Mexico	$857	36	7.6	34	30.8%	26	37
New York	$1,315	9	4.5	10	45.4%	3	3
North Carolina	$932	27	8.7	44	36.0%	12	27
North Dakota	$828	42	7.7	35	36.0%	11	31
Ohio	$825	43	5.8	22	33.0%	19	29
Oklahoma	$818	44	8.5	41	30.4%	30	45
Oregon	$1,173	14	6.9	32	32.7%	22	16
Pennsylvania	$958	26	6.3	26	29.3%	36	30
Rhode Island	$1,031	23	3.3	6	36.0%	10	8
South Carolina	$918	28	12.4	51	23.4%	49	48
South Dakota	$761	49	5.2	19	30.7%	27	36
Tennessee	$897	29	8.6	42	32.2%	23	34
Texas	$1,082	20	8.7	43	36.6%	9	20
Utah	$1,090	19	5.4	20	29.4%	35	22
Vermont	$999	25	2.7	2	26.7%	42	18
Virginia	$1,257	10	4.9	13	30.6%	29	12
Washington	$1,337	6	4.8	12	33.8%	16	7
West Virginia	$732	51	9.3	45	22.2%	51	51
Wisconsin	$872	34	6.5	28	30.7%	28	33
Wyoming	$853	38	4.9	14	26.2%	46	39

Click here to return to the article.

Year-over-year Property & Rent Appreciation

States	Year-over-year Home Value Change (2022-2023)	Ranking	Year-over-year Rent Value Change (Nov 2023)	Ranking	Overall Year-over-Year Property & Rent Appreciation
Alabama	0.70%	47	4.08%	21	40
Alaska	9.80%	6	7.00%	14	4
Arizona	4.70%	28	1.58%	29	31
Arkansas	4.70%	28	3.65%	25	23
California	7.30%	13	-0.59%	35	19
Colorado	5.90%	19	-4.71%	46	36
Connecticut	13.00%	1	4.02%	23	8
Delaware	9.60%	7	3.61%	26	12
District of Columbia (Washington DC)	-4.40%	50	0.50%	32	47
Florida	5.00%	26	-4.84%	47	43
Georgia	4.70%	28	4.22%	20	19
Hawaii	9.20%	9	-3.03%	42	21
Idaho	3.50%	38	-7.49%	51	51
Illinois	7.10%	14	4.06%	22	13
Indiana	3.30%	39	6.57%	15	26
Iowa	10.30%	4	5.55%	17	6
Kansas	1.00%	46	11.27%	6	22
Kentucky	4.70%	28	-2.36%	40	40
Louisiana	-2.20%	49	2.14%	28	45
Maine	9.60%	7	3.80%	24	11
Maryland	5.60%	21	-1.34%	38	34
Massachusetts	8.00%	11	0.00%	33	16
Michigan	6.00%	18	13.89%	3	6
Minnesota	2.10%	43	7.44%	12	28
Mississippi	-4.50%	51	13.93%	2	23
Missouri	5.30%	23	7.43%	13	13
Montana	3.20%	41	6.50%	16	31
Nebraska	4.50%	33	0.72%	31	35
Nevada	5.10%	24	-2.43%	41	36
New Hampshire	5.00%	26	13.07%	4	9
New Jersey	12.80%	2	4.82%	18	4
New Mexico	2.80%	42	-3.30%	44	49
New York	6.40%	17	-1.28%	36	23
North Carolina	3.80%	37	-1.33%	37	44
North Dakota	0.29%	48	10.99%	7	28
Ohio	5.80%	20	3.12%	27	18
Oklahoma	5.10%	24	-4.06%	45	42
Oregon	3.90%	36	-6.54%	49	48
Pennsylvania	6.60%	16	-1.39%	39	28
Rhode Island	10.00%	5	7.50%	11	3
South Carolina	1.80%	44	7.57%	10	26
South Dakota	3.30%	39	4.77%	19	33
Tennessee	4.00%	35	1.33%	30	36
Texas	1.30%	45	-3.20%	43	50
Utah	4.60%	32	-5.94%	48	46
Vermont	11.40%	3	12.30%	5	1
Virginia	7.90%	12	-0.33%	34	17
Washington	6.70%	15	-7.28%	50	36
West Virginia	4.40%	34	9.70%	8	15
Wisconsin	5.60%	21	9.00%	9	9
Wyoming	9.20%	9	16.00%	1	2

Click here to return to the article.

Location Opportunity Ranking

States	Percentage of Job Growth	Ranking	Percentage of Population Growth	Ranking	Happiness (Scale of 0 to 100, 100 is max)	Ranking	Overall Location Opportunity Ranking
Alabama	2.00%	39	0.68%	16	39.32	47	41
Alaska	3.10%	8	0.02%	43	46.27	41	38
Arizona	2.60%	19	0.88%	12	50.22	32	18
Arkansas	2.50%	25	0.69%	15	38.23	49	35
California	2.80%	15	-0.19%	46	59.97	8	23
Colorado	1.60%	46	0.62%	18	50.7	31	39
Connecticut	1.70%	44	0.23%	33	58.15	11	32
Delaware	2.30%	32	1.21%	6	55.16	18	13
District of Columbia (Washington DC)	1.70%	45	1.18%	7	62.6	2	9
Florida	4.60%	3	1.62%	2	55.08	19	3
Georgia	2.80%	14	1.05%	10	54.78	20	6
Hawaii	4.00%	4	-0.30%	49	66.31	1	10
Idaho	3.00%	11	1.31%	4	61.6	7	2
Illinois	2.40%	28	-0.26%	48	58.59	9	29
Indiana	2.30%	30	0.44%	22	47.41	38	36
Iowa	1.50%	48	0.23%	34	55.57	17	40
Kansas	2.90%	12	0.13%	38	49.9	33	27
Kentucky	2.20%	34	0.32%	29	38.36	48	46
Louisiana	1.90%	42	-0.31%	50	34.81	50	50
Maine	2.00%	40	0.46%	21	52.67	25	31
Maryland	0.70%	50	0.26%	32	62.6	3	30
Massachusetts	2.50%	26	0.27%	31	57.12	15	24
Michigan	2.10%	36	0.04%	41	46.51	40	47
Minnesota	2.50%	22	0.41%	25	62.43	4	7
Mississippi	1.50%	47	0.03%	42	39.58	46	49
Missouri	2.00%	38	0.31%	30	45.38	42	45
Montana	2.50%	23	0.88%	13	51.34	30	20
Nebraska	2.10%	37	0.52%	20	58.19	10	21
Nevada	5.10%	1	0.53%	19	48.16	36	14
New Hampshire	2.70%	17	0.22%	35	56.46	16	22
New Jersey	2.50%	24	0.32%	28	61.71	6	15
New Mexico	2.60%	20	0.04%	40	43.64	43	42
New York	2.90%	13	-0.52%	51	53.36	24	33
North Carolina	3.00%	9	1.29%	5	53.65	21	4
North Dakota	2.50%	21	0.64%	17	57.37	14	8
Ohio	1.40%	49	0.22%	36	46.81	39	48
Oklahoma	2.70%	18	0.85%	14	40.69	45	25
Oregon	3.00%	10	-0.14%	45	52.11	27	26
Pennsylvania	2.80%	16	-0.08%	44	51.87	28	34
Rhode Island	1.90%	41	0.19%	37	51.55	29	44
South Carolina	2.40%	27	1.69%	1	49.62	34	17
South Dakota	2.30%	31	1.03%	11	57.6	13	12
Tennessee	3.20%	6	1.09%	8	43.35	44	16
Texas	4.60%	2	1.55%	3	47.74	37	5
Utah	3.20%	7	1.07%	9	62.41	5	1
Vermont	2.20%	33	0.06%	39	48.46	35	43
Virginia	2.40%	29	0.42%	23	57.84	12	19
Washington	3.50%	5	0.36%	26	53.53	23	11
West Virginia	0.40%	51	-0.22%	47	33.83	51	51
Wisconsin	1.70%	43	0.34%	27	53.61	22	37
Wyoming	2.10%	35	0.42%	24	52.4	26	28

Click here to return to the article.