Complete Ranking Best & Worst States for Landlords in 2024 - Complete Data

Complete Ranking Best & Worst States for Landlords in 2024 - Complete Data

Overall Ranking

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

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Rent Versus Buy Ranking

State
Cost of Living Index
Ranking
Median Household Income
Ranking
Average Mortgage Rates (30 year-fixed)
Ranking
Median Home Price
Ranking
Rent-to-Price Ratio
Ranking
California
134.50
5
$84,907
6
6.58%
2
$785,900
2
41.29
7
Colorado
105.50
6
$82,254
10
6.51%
6
$580,900
7
36.26
10
Massachusetts
148.40
22
$89,645
3
6.50%
7
$614,700
6
38.34
8
District of Columbia (Washington DC)
148.70
9
$90,088
2
6.38%
23
$668,250
4
34.65
14
Arizona
107.20
3
$69,056
21
6.47%
10
$436,100
15
33.13
16
Idaho
106.10
13
$66,474
28
6.47%
11
$460,900
12
43.30
5
Hawaii
179.00
12
$84,857
7
6.26%
47
$720,200
3
36.35
9
Georgia
91.00
11
$66,559
26
6.53%
4
$375,300
23
30.01
22
Connecticut
113.10
7
$83,771
9
6.35%
29
$393,700
19
27.32
30
New Hampshire
115.00
30
$88,465
5
6.31%
40
$477,600
10
34.76
13
Ohio
94.00
36
$62,262
39
6.45%
15
$510,900
9
51.61
3
Nebraska
90.10
28
$66,817
25
6.36%
28
$428,100
16
41.63
6
Maryland
119.50
21
$90,203
1
6.36%
27
$421,800
17
24.84
38
Minnesota
94.10
24
$77,720
14
6.47%
9
$341,700
29
28.19
28
Oregon
115.10
38
$71,562
19
6.38%
24
$462,100
11
32.83
17
Utah
101.50
45
$79,449
12
6.28%
44
$618,000
5
47.25
4
Texas
93.00
44
$66,963
24
6.41%
18
$440,200
14
33.90
15
South Dakota
93.80
42
$66,143
30
6.33%
35
$529,600
8
57.99
2
Alaska
124.40
2
$77,845
13
6.22%
50
$379,600
21
25.51
33
New Jersey
114.10
31
$89,296
4
6.45%
13
$349,200
28
21.27
46
Delaware
102.60
8
$71,091
20
6.38%
25
$327,300
30
23.72
41
Nevada
101.30
29
$66,274
29
6.33%
34
$452,700
13
32.55
19
New Mexico
94.20
32
$53,992
46
6.26%
48
$819,900
1
79.73
1
New York
125.10
33
$74,314
15
6.45%
14
$371,100
26
23.52
43
South Carolina
96.50
41
$59,318
43
6.63%
1
$357,800
27
32.48
20
Tennessee
90.40
43
$59,695
42
6.44%
16
$385,300
20
35.80
11
Maine
111.50
20
$64,767
33
6.28%
45
$373,700
25
35.67
12
Pennsylvania
99.00
39
$68,957
22
6.33%
32
$374,200
24
32.55
18
Rhode Island
110.50
40
$74,008
16
6.32%
38
$377,200
22
30.49
21
Florida
102.30
10
$63,062
37
6.30%
43
$407,200
18
27.86
29
Iowa
89.70
16
$65,600
31
6.55%
3
$230,600
51
23.84
40
Illinois
90.80
14
$72,205
18
6.33%
31
$280,900
37
22.55
44
Virginia
103.10
47
$80,963
11
6.49%
8
$297,100
33
19.70
47
Alabama
88.80
1
$53,913.00
47
6.32%
39
$284,900
36
29.27
23
Mississippi
85.30
25
$48,716
51
6.53%
5
$271,200
42
28.64
25
Indiana
91.50
15
$62,743
38
6.38%
26
$258,000
44
25.47
35
North Dakota
94.60
35
$66,519
27
6.43%
17
$253,200
47
25.48
34
Montana
103.70
27
$63,249
36
6.31%
41
$290,500
35
28.96
24
Kentucky
93.80
18
$55,573
45
6.39%
22
$251,300
49
26.75
31
Michigan
92.70
23
$63,498
35
6.41%
19
$252,200
48
23.56
42
Missouri
88.40
26
$61,847
41
6.40%
21
$255,400
46
25.25
37
Arkansas
90.30
4
$52,528
48
6.25%
49
$258,100
43
28.30
27
Vermont
114.90
46
$72,431
17
6.30%
42
$304,400
31
25.39
36
Kansas
87.70
17
$64,124
34
6.22%
51
$276,300
39
26.68
32
Washington
115.10
48
$84,247
8
6.34%
30
$276,000
40
17.20
48
North Carolina
96.10
34
$61,972
40
6.47%
12
$240,900
50
21.54
45
Oklahoma
86.00
37
$55,826
44
6.33%
37
$278,700
38
28.39
26
Wisconsin
95.00
50
$67,125
23
6.33%
33
$297,100
34
28.39
50
Louisiana
92.00
19
$52,087
49
6.28%
46
$257,400
45
24.49
39
West Virginia
90.30
49
$51,248
50
6.41%
20
$304,400
32
34.65
49
Wyoming
92.80
51
$65,204
32
6.33%
36
$276,000
41
26.96
51

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Rent Potential Ranking

State
Average Monthly Rent
Ranking
Rental Vacancy Rate (Q4 2023)
Ranking
Percentage of Renters
Ranking
Year-over-year Rent Value Change (Nov 2023)
Ranking
Massachusetts
$1,336.00
7
2.4
1
37.2%
7
0.00%
33
New Jersey
$1,368.00
5
4.2
9
39.5%
4
4.82%
18
New York
$1,315.00
9
4.5
10
48.8%
2
-1.28%
36
District of Columbia (Washington DC)
$1,607.00
2
6.3
26
61.8%
1
0.50%
32
Washington
$1,337.00
6
4.8
12
33.6%
16
-7.28%
50
Colorado
$1,335.00
8
5.8
21
37.3%
6
-4.71%
46
California
$1,586.00
3
4.1
8
44.0%
3
-0.59%
35
Rhode Island
$1,031.00
23
3.3
6
36.8%
9
7.50%
11
Alaska
$1,240.00
11
5.1
17
36.0%
12
7.00%
14
Connecticut
$1,201.00
13
2.8
3
31.1%
27
4.02%
23
Virginia
$1,257.00
10
4.9
14
31.7%
23
-0.33%
34
Hawaii
$1,651.00
1
8.4
40
37.2%
8
-3.03%
42
Oregon
$1,173.00
14
6.9
32
36.8%
10
-6.54%
49
Nevada
$1,159.00
15
8
38
38.0%
5
-2.43%
41
New Hampshire
$1,145.00
17
3.2
5
26.3%
43
13.07%
4
Arizona
$1,097.00
18
6.7
31
33.0%
19
1.58%
29
Utah
$1,090.00
19
5.4
20
30.9%
30
-5.94%
48
Maryland
$1,415.00
4
6.4
27
27.1%
39
-1.34%
38
Illinois
$1,038.00
22
6.7
30
33.2%
18
4.06%
22
Delaware
$1,150.00
16
3.1
4
23.8%
50
3.61%
26
Nebraska
$857.00
36
5.2
18
33.2%
17
0.72%
31
Georgia
$1,042.00
21
8.2
39
34.3%
13
4.22%
20
Texas
$1,082.00
20
8.7
43
36.8%
11
-3.20%
43
Vermont
$999.00
25
2.7
2
25.1%
48
12.30%
5
Minnesota
$1,010.00
24
4.5
11
26.1%
44
7.44%
12
Ohio
$825.00
43
5.8
22
33.9%
15
3.12%
27
Maine
$873.00
33
3.5
7
26.8%
41
3.80%
24
Florida
$1,218.00
12
10.3
48
32.3%
21
-4.84%
47
Wisconsin
$872.00
34
6.5
28
32.8%
20
9.00%
9
Pennsylvania
$958.00
26
6.3
25
28.7%
34
-1.39%
39
North Carolina
$932.00
27
8.7
44
34.2%
14
-1.33%
37
Idaho
$887.00
31
6.2
24
29.8%
31
-7.49%
51
Kansas
$863.00
35
7.8
36
31.4%
24
11.27%
6
Missouri
$843.00
40
6.2
23
29.5%
33
7.43%
13
South Dakota
$761.00
49
5.2
19
30.9%
29
4.77%
19
Montana
$836.00
41
4.9
13
25.9%
45
6.50%
16
Kentucky
$783.00
48
4.9
15
27.7%
37
-2.36%
40
Wyoming
$853.00
38
4.9
16
25.6%
47
16.00%
1
North Dakota
$828.00
42
7.7
35
31.2%
25
10.99%
7
Louisiana
$876.00
32
10.1
47
31.2%
26
2.14%
28
Tennessee
$897.00
29
8.6
42
27.8%
35
1.33%
30
New Mexico
$857.00
37
7.6
34
27.3%
38
-3.30%
44
Michigan
$892.00
30
7.4
33
24.1%
49
13.89%
3
Oklahoma
$818.00
44
8.5
41
31.0%
28
-4.06%
45
Iowa
$806.00
46
7.9
37
29.8%
32
5.55%
17
South Carolina
$918.00
28
12.4
51
27.0%
40
7.57%
10
Indiana
$844.00
39
10
46
27.8%
36
6.57%
15
Mississippi
$789.00
47
6.5
29
25.7%
46
13.93%
2
Arkansas
$760.00
50
11.9
50
32.3%
22
3.65%
25
Alabama
$811.00
45
10.8
49
26.4%
42
4.08%
21
West Virginia
$732.00
51
9.3
45
20.6%
51
9.70%
8

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Tenant Happiness Ranking

State
Unemployment Rates
Ranking
Crime Rates (per 100k)
Ranking
Community Well-being Index Score (out of 100)
Ranking
Massachusetts
3.2
16
2415.2
2
71
1
Maryland
1.9
2
3619.5
16
70
4
New Hampshire
2.5
6
2344.2
1
61
16
Virginia
3.0
13
3121.5
8
64
11
Vermont
2.2
4
2607.4
6
59
22
Rhode Island
3.2
17
2721.7
7
64
12
Nebraska
2.3
5
4152.4
23
60
18
Hawaii
2.9
10
5076.9
38
71
2
Maine
3.2
19
2420.9
3
57
29
North Dakota
1.9
1
4577.2
30
60
20
New Jersey
4.8
47
2511.8
5
70
3
Minnesota
2.9
11
4527.3
29
62
15
Connecticut
3.8
36
3311.7
13
66
7
Florida
3.0
12
3922.5
20
59
24
Wyoming
3.0
15
3455.4
14
57
28
Utah
2.8
9
5189.5
39
65
10
Wisconsin
3.3
21
3294.7
12
58
25
New York
4.5
45
3185.2
10
69
5
South Dakota
2.0
3
4414.8
27
57
30
Pennsylvania
3.5
30
3677.7
17
61
17
Idaho
3.3
22
2466.3
4
55
39
Kansas
2.8
8
4823.2
34
58
26
Iowa
3.2
18
3700.0
18
56
36
Illinois
4.8
48
3544.7
15
63
13
Colorado
3.4
25
6090.8
48
65
9
Delaware
4.2
40
4354.6
25
60
19
Georgia
3.4
26
4414.8
26
56
32
Montana
3.2
20
4711.5
31
56
33
Alabama
2.6
7
4727.1
33
52
44
Ohio
3.7
34
4009.4
22
56
31
California
5.1
50
4719.9
32
67
6
Oregon
3.7
33
5609.9
42
63
14
Washington
4.2
39
5758.6
44
65
8
Michigan
4.3
43
3199.8
11
55
38
Indiana
3.6
32
3924.0
21
54
41
Nevada
5.4
51
4313.5
24
59
21
Missouri
3.3
23
5604.8
41
56
34
West Virginia
4.3
44
3154.7
9
50
47
North Carolina
3.5
29
4872.3
35
56
37
South Carolina
3.0
14
5972.8
47
55
40
Mississippi
3.3
24
4494.4
28
46
50
District of Columbia (Washington DC)
5.1
49
7985.9
51
70
4
Arizona
4.3
41
4940.1
37
58
27
Kentucky
4.3
42
3818.1
19
50
46
Texas
4.0
37
4936.5
36
56
35
Alaska
4.5
46
5358.9
40
59
23
Tennessee
3.5
31
5658.3
43
53
42
Oklahoma
3.4
28
5869.8
45
51
45
Arkansas
3.4
27
5898.8
46
49
49
Louisiana
3.7
35
6408.2
49
53
43
New Mexico
4.0
38
6462.0
50
49
48

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