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Complete Ranking Best & Worst States for Landlords In 2023 – Complete Data

Overall Ranking

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

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Rent Versus Buy Ranking

State
Cost of Living Index
Ranking
Median Household Income
Ranking
Average Mortgage Rates
Ranking
Median Home Price
Ranking
Rent-to-Price Ratio
OVERALL RENT VERSUS BUY RANKING
Washington
111.6
38
$77,006
8
7.16%
6
$668,400
3
41.66
5
Colorado
105.3
34
$75,231
10
7.13%
9
$624,000
4
38.95
7
Massachusetts
135
47
$84,385
3
7.09%
20
$604,200
5
37.69
23
Maryland
124
44
$87,063
1
7.15%
7
$416,800
18
24.55
6
California
142.2
48
$78,672
6
7.11%
14
$843,800
1
44.34
20
Utah
99
25
$74,197
11
7.11%
15
$575,100
6
43.97
4
New Jersey
115.2
40
$85,245
2
7.07%
26
$454,500
13
27.69
21
Hawaii
193.3
50
$83,173
4
7.12%
12
$715,900
2
36.13
19
Virginia
101.8
30
$76,398
9
7.09%
21
$447,500
15
29.67
8
Nevada
106.3
35
$62,043
25
7.22%
1
$465,000
12
33.43
9
Oregon
130.1
46
$65,667
17
7.18%
2
$527,600
8
37.48
16
Georgia
88.8
5
$61,224
29
7.17%
4
$376,700
22
30.13
1
Minnesota
100
26
$73,382
12
7.15%
8
$349,000
28
28.80
2
Illinois
94.3
20
$68,428
16
7.07%
28
$286,800
37
23.03
13
Connecticut
121.6
43
$79,855
5
7.04%
44
$368,900
25
25.60
39
New York
148.2
49
$71,117
13
7.04%
45
$559,900
7
35.48
48
Texas
92.1
15
$63,826
20
7.12%
13
$389,100
21
29.97
3
Arizona
103.2
33
$61,529
28
7.18%
3
$471,300
11
35.80
12
Alaska
127.1
45
$77,790
7
7.07%
27
$371,500
23
24.97
29
Nebraska
93.7
19
$63,015
24
7.06%
33
$279,900
38
27.22
27
Rhode Island
117.2
42
$70,305
14
7.03%
49
$429,200
17
34.69
46
Wisconsin
96.4
23
$63,293
23
7.10%
18
$278,900
39
26.65
14
North Dakota
98.2
24
$65,315
18
7.08%
23
$248,793
47
25.04
18
Delaware
107.9
36
$69,110
15
7.05%
39
$323,100
31
23.41
37
Florida
100.3
28
$57,703
37
7.08%
24
$410,400
19
28.08
36
New Hampshire
109.9
37
$61,836
27
7.07%
29
$434,100
16
31.59
40
Montana
100
27
$56,539
40
7.09%
22
$451,505
14
45.01
35
Pennsylvania
102.5
32
$63,627
21
7.04%
47
$290,700
36
25.29
43
Ohio
91.3
14
$58,116
36
7.10%
19
$236,700
50
23.91
22
Missouri
89.8
7
$57,290
38
7.11%
16
$251,900
44
24.90
10
Kansas
86.5
2
$61,091
30
7.05%
40
$298,100
33
28.79
26
North Carolina
95.7
22
$56,642
39
7.06%
35
$360,900
27
32.27
41
Idaho
102.1
31
$58,915
34
7.17%
5
$521,200
9
48.97
24
Iowa
89.9
8
$61,836
26
7.07%
30
$265,700
41
27.47
15
Kentucky
93.1
17
$52,238
44
7.13%
10
$256,700
43
27.32
25
Tennessee
89
6
$54,833
42
7.06%
36
$402,600
20
37.40
31
Wyoming
94.3
21
$65,304
19
7.04%
46
$333,052
30
32.54
33
Michigan
91.3
13
$59,234
33
7.06%
34
$249,100
46
23.27
30
Maine
115
39
$59,489
32
7.05%
41
$348,600
29
33.28
49
Vermont
117
41
$63,477
22
7.03%
50
$365,100
26
30.46
50
Alabama
87.9
3
$52,035
45
7.11%
17
$295,900
34
30.40
17
Mississippi
83.3
1
$46,511
50
7.13%
11
$257,300
42
27.18
11
South Dakota
101
29
$59,896
31
7.07%
31
$312,700
32
34.24
38
Indiana
90.6
10
$58,235
35
7.07%
32
$245,300
48
24.22
28
Louisiana
93
16
$50,800
47
7.08%
25
$266,000
40
25.30
34
Oklahoma
87.9
4
$53,840
43
7.06%
37
$242,500
49
24.70
32
New Mexico
91
12
$51,243
46
7.05%
43
$518,300
10
50.40
44
South Carolina
93.6
18
$54,864
41
7.05%
42
$370,800
24
33.66
45
Arkansas
90.9
11
$49,475
48
7.06%
38
$251,900
45
27.62
42
West Virginia
90.5
9
$48,037
49
7.04%
48
$291,300
35
33.16
47

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Rent Potential Ranking

State
Average Monthly Rent
Ranking
Vacancy Rate (Q4 2022)
Ranking
Percentage of Renters
Ranking
Year-over-year Rent Value Change (2022-2023)
Ranking
OVERALL RENT Potential RANKING
Washington
$1,337
5
4.3%
14
33.8%
15
-0.12%
43
7
Colorado
$1,335
7
3.9%
9
33.7%
16
-1.74%
46
5
Massachusetts
$1,336
6
2.8%
1
38.3%
5
-0.99%
45
2
Maryland
$1,415
3
5.7%
23
27.1%
40
1.72%
39
17
California
$1,586
2
3.6%
7
45.4%
1
1.49%
40
1
Utah
$1,090
18
3.0%
3
29.4%
34
6.19%
27
13
New Jersey
$1,368
4
4.2%
13
36.7%
7
9.59%
21
4
Hawaii
$1,651
1
7.2%
36
41.7%
3
8.40%
25
8
Virginia
$1,257
9
6.3%
29
30.6%
28
-1.77%
47
18
Nevada
$1,159
14
5.6%
22
40.3%
4
-2.05%
48
9
Oregon
$1,173
13
3.8%
8
32.7%
21
4.18%
30
10
Georgia
$1,042
20
6.3%
28
34.1%
14
2.27%
35
15
Minnesota
$1,010
23
5.0%
18
24.7%
46
-0.44%
44
32
Illinois
$1,038
21
7.7%
39
33.2%
17
1.36%
41
25
Connecticut
$1,201
12
4.4%
15
37.0%
6
11.00%
15
6
New York
$1,315
8
3.5%
6
45.4%
2
14.81%
8
3
Texas
$1,082
19
8.3%
42
36.6%
8
0.91%
42
20
Arizona
$1,097
17
6.7%
33
32.8%
20
-2.64%
49
21
Alaska
$1,240
10
5.9%
25
34.5%
13
10.64%
17
12
Nebraska
$857
35
4.1%
12
31.5%
24
11.28%
13
23
Rhode Island
$1,031
22
3.9%
10
36.0%
11
8.61%
23
11
Wisconsin
$872
33
5.8%
24
30.7%
27
6.00%
28
30
North Dakota
$828
41
11.8%
49
36.0%
10
14.07%
9
37
Delaware
$1,150
15
4.7%
17
27.4%
39
15.62%
7
22
Florida
$1,218
11
6.8%
35
32.1%
23
19.74%
2
19
New Hampshire
$1,145
16
4.0%
11
26.3%
44
18.39%
4
24
Montana
$836
40
3.3%
5
32.9%
19
23.00%
1
16
Pennsylvania
$958
25
5.0%
19
29.3%
35
1.80%
38
26
Ohio
$825
42
6.2%
27
33.0%
18
3.96%
31
33
Missouri
$843
39
8.4%
43
30.3%
31
1.94%
37
42
Kansas
$863
34
7.5%
37
30.3%
30
2.02%
36
38
North Carolina
$932
26
5.3%
21
36.0%
9
11.01%
14
14
Idaho
$887
30
4.5%
16
26.7%
41
-5.79%
50
31
Iowa
$806
45
6.7%
34
23.2%
49
10.88%
16
48
Kentucky
$783
47
3.1%
4
30.1%
33
9.85%
19
29
Tennessee
$897
28
6.5%
31
32.2%
22
12.75%
11
28
Wyoming
$853
37
6.3%
30
26.2%
45
8.60%
24
41
Michigan
$892
29
6.2%
26
26.7%
42
9.77%
20
36
Maine
$873
32
2.9%
2
23.8%
47
13.00%
10
27
Vermont
$999
24
5.1%
20
26.7%
43
3.00%
32
34
Alabama
$811
44
9.3%
45
28.7%
36
12.50%
12
47
Mississippi
$789
46
9.8%
47
27.7%
38
18.57%
3
49
South Dakota
$761
48
7.9%
40
30.7%
26
17.43%
5
44
Indiana
$844
38
8.9%
44
27.9%
37
10.39%
18
46
Louisiana
$876
31
8.0%
41
30.2%
32
5.66%
29
39
Oklahoma
$818
43
9.3%
46
30.4%
29
2.71%
34
45
New Mexico
$857
36
6.6%
32
30.8%
25
7.93%
26
35
South Carolina
$918
27
7.5%
38
23.4%
48
9.21%
22
43
Arkansas
$760
49
13.3%
50
35.5%
12
16.50%
6
40
West Virginia
$732
50
10.6%
48
22.2%
50
3.00%
33
50

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Tenant Happiness Ranking

State
Unemployment Rates
Ranking
Crime Rates (per 100k)
Ranking
Tenant Well-being Index Score (out of 100)
Ranking
TENANT HAPPINESS RANKING
Washington
4.3
47
293.7
16
65
8
8
Colorado
2.8
16
423.1
31
65
9
9
Massachusetts
3.3
26
308.8
19
71
1
1
Maryland
2.5
11
399.9
28
70
4
4
California
4.5
49
442
35
67
6
6
Utah
2.3
6
260.7
12
65
10
10
New Jersey
3.5
33
195.4
5
70
3
3
Hawaii
3.3
26
254.2
10
71
2
2
Virginia
3.1
23
208
6
64
11
11
Nevada
5.4
50
460.3
39
59
21
21
Oregon
4.0
42
291.9
15
63
14
14
Georgia
3.1
23
400.1
29
56
32
32
Minnesota
2.8
16
277.5
13
62
15
15
Illinois
4.2
46
425.9
33
63
13
13
Connecticut
3.8
40
181.6
4
66
7
7
New York
4.0
42
363.8
25
69
5
5
Texas
4.0
42
446.5
36
56
35
35
Arizona
3.4
30
654.8
46
58
27
27
Alaska
3.7
37
837.8
50
59
23
23
Nebraska
2.0
2
334.1
22
60
18
18
Rhode Island
3.0
21
230.8
7
64
12
12
Wisconsin
2.4
8
323.4
20
58
25
25
North Dakota
2.1
3
329
21
60
20
20
Delaware
4.3
47
431.9
34
60
19
19
Florida
2.6
13
383.6
26
59
24
24
New Hampshire
2.1
3
146.4
2
61
16
16
Montana
2.3
6
469.8
40
56
33
33
Pennsylvania
4.1
45
389.5
27
61
17
17
Ohio
3.7
37
308.8
18
56
31
31
Missouri
2.5
11
542.7
44
56
34
34
Kansas
2.9
19
425
32
58
26
26
North Carolina
3.4
30
419.3
30
56
37
37
Idaho
2.6
13
242.6
9
55
39
39
Iowa
2.7
15
303.5
17
56
36
36
Kentucky
3.7
37
259.1
11
50
46
46
Tennessee
3.3
26
672.7
48
53
42
42
Wyoming
3.5
33
234.2
8
57
28
28
Michigan
3.8
40
478
41
55
38
38
Maine
2.4
8
108.6
1
57
29
29
Vermont
2.4
8
173.4
3
59
22
22
Alabama
2.2
5
453.6
37
52
44
44
Mississippi
3.4
30
291.2
14
46
50
50
South Dakota
1.9
1
501.4
42
57
30
30
Indiana
3.0
21
357.7
24
54
41
41
Louisiana
3.6
36
639.4
45
53
43
43
Oklahoma
2.9
19
458.6
38
51
45
45
New Mexico
3.5
33
778.3
49
49
48
48
South Carolina
3.1
23
530.7
43
55
40
40
Arkansas
2.8
16
671.9
47
49
49
49
West Virginia
3.3
26
355.9
23
50
47
47

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