Full Data for Best States to Invest in Real Estate

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

Resident Affordability Ranking

State	Cost of Living Index¹	Ranking	Median Household Income²	Ranking	Resident Affordability Ranking
Illinois	90.8	11	$72,205	17	1
Tennessee	90.4	10	$69,695	20	2
Nebraska	90.1	7	$66,817	25	3
Minnesota	94.1	21	$77,720	13	4
Iowa	89.7	6	$65,600	31	5
Kansas	87.7	3	$64,124	34	6
Georgia	91	12	$66,559	26	7
Utah	101.5	29	$79,449	11	8
Texas	93	17	$66,963	24	9
Virginia	103.1	32	$80,963	10	10
New Jersey	114.1	40	$89,296	3	11
Colorado	105.5	34	$82,254	9	12
Missouri	88.4	4	$61,847	41	13
Oklahoma	86	2	$55,826	43	14
Maryland	119.5	45	$90,203	1	15
New Hampshire	115	42	$88,465	4	16
Connecticut	113.1	39	$83,771	8	17
Wisconsin	95	24	$67,125	23	18
Wyoming	92.8	16	$65,204	32	19
Pennsylvania	99	27	$68,957	22	20
South Dakota	93.8	19	$66,143	30	21
Delaware	102.6	31	$71,091	19	22
North Dakota	94.6	23	$66,519	27	23
Michigan	92.7	15	$63,498	35	24
Massachusetts	148.4	49	$90,088	2	25
Washington	115.1	44	$84,247	7	26
Indiana	91.5	13	$62,743	38	27
Alabama	88.8	5	$53,913	46	28
Mississippi	85.3	1	$48,716	50	29
Rhode Island	110.5	37	$74,008	15	30
California	134.5	48	$84,907	5	31
Arkansas	90.3	8	$52,528	47	32
Hawaii	179	50	$84,857	6	33
Vermont	114.9	41	$72,431	16	34
Arizona	107.2	36	$69,056	21	35
Nevada	101.3	28	$66,274	29	36
Alaska	124.4	46	$77,845	12	37
West Virginia	90.3	9	$51,248	49	38
Ohio	94	20	$62,262	39	39
New York	125.1	47	$74,314	14	40
Oregon	115.1	43	$71,562	18	41
Kentucky	93.8	18	$55,573	44	42
Louisiana	92	14	$52,087	48	43
Idaho	106.1	35	$66,474	28	44
North Carolina	96.1	25	$61,972	40	45
Florida	102.3	30	$63,062	37	46
New Mexico	94.2	22	$53,992	45	47
South Carolina	96.5	26	$59,318	42	48
Montana	103.7	33	$63,249	36	49
Maine	111.5	38	$64,767	33	50

¹World Population Review

²World Population Review

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Home Value & Supply Ranking

State	Median Home Value¹	Ranking	Available Inventory²	Ranking	Property Tax Burden³	Ranking	Home Value & Supply Ranking
Idaho	$460,900	11	8,204	18	2.12%	11	1
Hawaii	$720,200	3	5,011	13	2.64%	26	2
Delaware	$327,300	31	2,386	6	1.85%	6	3
Nevada	$428,100	15	8,573	19	2.02%	10	4
Utah	$529,600	7	11,042	26	2.19%	13	5
New Mexico	$349,200	28	5,181	14	1.86%	7	6
North Dakota	$299,085	33	1,969	4	2.44%	17	7
Rhode Island	$462,100	10	1,296	1	3.83%	44	8
West Virginia	$304,400	32	3,287	9	2.22%	14	9
South Dakota	$328,600	30	2,476	7	2.58%	19	10
Maryland	$421,800	16	9,438	23	2.60%	21	11
Washington	$618,000	4	18,417	37	2.58%	20	12
Alaska	$379,600	20	1,895	3	3.54%	40	13
Massachusetts	$614,700	5	8,965	22	3.35%	38	14
New Hampshire	$452,700	12	2,520	8	4.51%	47	15
Tennessee	$377,200	21	25,679	44	1.64%	2	16
Arkansas	$258,100	42	10,038	24	1.65%	3	17
Vermont	$385,300	19	1,828	2	4.85%	49	18
Oregon	$510,900	8	13,772	30	2.95%	33	19
Arizona	$436,100	14	21,345	42	2.26%	15	20
Alabama	$284,900	36	17,368	36	1.33%	1	21
Connecticut	$393,700	18	4,478	11	3.95%	45	22
Virginia	$440,200	13	15,422	32	2.89%	30	23
Montana	$374,980	23	5,323	15	3.24%	37	24
Kentucky	$251,300	48	8,887	21	1.89%	8	25
California	$785,900	2	57,151	48	2.73%	28	26
Oklahoma	$253,200	46	12,839	29	1.71%	4	27
Colorado	$580,900	6	23,750	43	2.93%	31	28
North Carolina	$371,100	26	30,271	45	2.00%	9	29
Wyoming	$276,000	40	2,326	5	3.10%	36	30
Mississippi	$271,200	41	7,798	17	2.63%	24	31
Louisiana	$257,400	44	15,563	33	1.83%	5	32
Indiana	$258,000	43	12,716	28	2.14%	12	33
Maine	$373,700	25	4,123	10	4.86%	50	34
Minnesota	$341,700	29	12,338	27	2.82%	29	35
Georgia	$375,300	22	37,394	47	2.50%	18	36
New Jersey	$477,600	9	14,657	31	4.59%	48	37
Nebraska	$290,500	35	4,487	12	3.55%	41	38
Florida	$407,200	17	141,298	50	2.61%	22	39
South Carolina	$374,200	24	20,860	40	2.63%	25	40
Kansas	$276,300	39	6,168	16	3.04%	35	41
New York	$819,900	1	35,373	46	4.36%	46	42
Wisconsin	$297,100	34	10,817	25	2.98%	34	43
Missouri	$255,400	45	15,594	34	2.41%	16	44
Pennsylvania	$278,700	38	21,077	41	2.62%	23	45
Iowa	$230,600	50	8,826	20	3.39%	39	46
Ohio	$240,900	49	16,612	35	2.72%	27	47
Illinois	$280,900	37	19,355	38	3.67%	42	48
Michigan	$252,000	47	19,561	39	2.94%	32	49
Texas	$357,800	27	113,613	49	3.71%	43	50

¹World Population Review

²FRED

³WalletHub

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Rent Potential Ranking

State	Average Monthly Rent¹	Ranking	Rental Vacancy Rate²	Ranking	Percentage of Renters³	Ranking	Rent Potential Ranking
Massachusetts	$1,336	6	4	6	34.6%	13	1
New Jersey	$1,368	4	4.1	7	34.0%	15	2
Rhode Island	$1,031	22	1.4	1	41.0%	3	3
New York	$1,315	8	6.3	23	47.6%	1	4
Oregon	$1,173	13	5.5	15	39.3%	5	5
Washington	$1,337	5	6.3	22	34.7%	12	6
Hawaii	$1,651	1	9.6	39	40.6%	4	7
Maryland	$1,415	3	6.1	20	32.0%	21	8
Nevada	$1,159	14	7	27	38.4%	6	9
North Carolina	$932	26	5.2	12	36.5%	9	10
California	$1,586	2	5.2	49	44.7%	2	11
Wisconsin	$872	33	2.9	3	31.5%	23	12
Kansas	$863	34	4.9	11	34.2%	14	13
Minnesota	$1,010	23	3.2	4	29.7%	34	14
Texas	$1,082	19	9.1	38	38.1%	7	15
Nebraska	$857	35	3.6	5	31.2%	24	16
Utah	$1,090	18	5.3	14	29.8%	33	17
Illinois	$1,038	21	5.9	19	31.0%	25	18
Alaska	$1,240	10	4.7	48	36.1%	10	19
Colorado	$1,335	7	3.4	46	32.7%	19	20
Georgia	$1,042	20	8.2	34	32.9%	18	21
Oklahoma	$818	42	6.2	21	34.8%	11	22
Virginia	$1,257	9	6.6	26	27.0%	43	23
Vermont	$999	24	4.8	10	26.9%	44	24
Pennsylvania	$958	25	7.6	31	32.0%	22	25
New Hampshire	$1,145	16	5.9	18	26.4%	45	26
Florida	$1,218	11	10.5	42	30.9%	27	27
Ohio	$825	41	4.4	9	30.5%	30	28
Idaho	$887	30	5.2	13	27.9%	39	29
Maine	$873	32	2.8	2	24.3%	48	30
North Dakota	$828	40	8.4	35	37.3%	8	31
Montana	$836	39	4.3	8	28.7%	37	32
Michigan	$892	29	5.8	16	27.9%	40	33
Louisiana	$876	31	8.6	37	32.6%	20	34
Kentucky	$783	47	6.5	25	33.0%	16	35
Tennessee	$897	28	8.5	36	30.7%	29	36
Connecticut	$1,201	12	3.5	47	29.5%	35	37
Arizona	$1,097	17	6.8	50	30.8%	28	38
New Mexico	$857	36	6.4	24	28.8%	36	39
South Carolina	$918	27	9.8	40	30.3%	31	40
Missouri	$843	38	7	28	30.1%	32	41
South Dakota	$761	48	7.3	29	31.0%	26	42
Delaware	$1,150	15	1.9	43	23.8%	49	43
Wyoming	$853	37	7.4	30	27.5%	42	44
Mississippi	$789	46	5.8	17	24.6%	47	45
Arkansas	$760	49	10.8	44	33.0%	17	46
Indiana	$806	44	7.9	33	28.1%	38	47
Iowa	$806	45	7.6	32	27.6%	41	48
Alabama	$811	43	11.5	45	25.3%	46	49
West Virginia	$732	50	9.9	41	21.7%	50	50

¹World Population Review

²US Census Bureau

³US Census Bureau

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Year-over-year Property & Rent Appreciation Changes

State	Year-over-year Home Value Change¹	Ranking	Year-over-year Rent Value Change²	Ranking	Year-over-year Property & Rent Appreciation Changes
Kansas	9.90%	5	9.81%	3	1
New York	10.90%	3	8.48%	5	2
New Jersey	11.60%	2	6.20%	11	3
New Hampshire	9.40%	9	7.93%	6	4
Wisconsin	9.90%	6	6.43%	9	5
Connecticut	9.60%	7	6.22%	10	6
Michigan	7.80%	18	9.98%	2	7
Indiana	8.00%	15	7.57%	7	8
Illinois	9.40%	8	4.93%	15	9
Missouri	7.60%	20	9.71%	4	10
Vermont	12.80%	1	1.09%	29	11
Hawaii	7.80%	19	5.60%	12	12
Delaware	10.70%	4	1.14%	28	13
Georgia	7.30%	21	5.35%	13	14
Massachusetts	8.80%	11	1.42%	26	15
Minnesota	4.80%	38	13.34%	1	16
Iowa	5.40%	33	6.81%	8	17
Rhode Island	8.50%	12	1.02%	31	18
New Mexico	7.00%	23	2.00%	22	19
South Carolina	8.50%	13	0.45%	33	20
Utah	5.80%	29	4.34%	18	21
Oklahoma	6.00%	27	2.59%	21	22
Maine	9.10%	10	-0.98%	39	23
Ohio	8.00%	16	0.03%	35	24
Alaska	4.70%	39	5.30%	14	25
Nebraska	7.10%	22	0.61%	32	26
Arkansas	5.10%	35	3.07%	20	27
Virginia	5.70%	31	1.86%	24	28
South Dakota	4.30%	41	4.61%	17	29
Pennsylvania	7.90%	17	-1.38%	41	30
California	6.30%	25	0.24%	34	31
Maryland	6.90%	24	-0.41%	36	32
Nevada	8.10%	14	-2.96%	46	33
Mississippi	2.70%	49	4.84%	16	34
Alabama	3.20%	48	3.40%	19	35
Texas	3.30%	46	1.97%	23	36
Montana	5.20%	34	-0.94%	38	37
Tennessee	5.90%	28	-2.19%	44	38
North Dakota	3.30%	47	1.21%	27	39
West Virginia	3.60%	44	1.05%	30	40
Arizona	4.90%	37	-0.44%	37	41
Kentucky	5.60%	32	-1.57%	42	42
Louisiana	2.20%	50	1.80%	25	43
Florida	6.10%	26	-8.80%	50	44
North Carolina	5.80%	30	-3.27%	47	45
Washington	5.10%	36	-1.91%	43	46
Wyoming	4.10%	42	-0.98%	40	47
Idaho	4.60%	40	-3.86%	48	48
Colorado	3.60%	45	-2.95%	45	49
Oregon	4.00%	43	-5.38%	49	50

¹Voronoi

²Rent.com

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Location Opportunity for Residents

State	Gross Domestic Product (GDP)¹	Ranking	Percentage of Job Growth²	Ranking	Percentage of Population Growth³	Ranking	Happiness (Scale of 0 to 100, 100 is max)⁴	Ranking	Location Opportunity for Residents
Idaho	5.00%	1	3.00%	9	1.31%	4	61.6	6	1
Florida	3.00%	7	4.60%	2	1.62%	2	55.08	18	2
Utah	2.40%	15	3.20%	6	1.07%	8	62.41	4	3
North Carolina	2.30%	17	3.00%	10	1.29%	5	53.65	20	4
Nevada	4.40%	2	5.10%	1	0.53%	18	48.16	35	5
Texas	2.50%	14	4.60%	3	1.55%	3	47.74	36	6
Delaware	3.10%	5	2.30%	30	1.21%	6	55.16	17	7
Georgia	2.30%	16	2.80%	14	1.05%	9	54.78	19	8
Arizona	3.20%	4	2.60%	19	0.88%	11	50.22	31	9
Washington	2.00%	20	3.50%	5	0.36%	25	53.53	22	10
South Carolina	2.50%	12	2.40%	27	1.69%	1	49.62	33	11
Hawaii	1.90%	21	4.00%	4	-0.30%	48	66.31	1	12
Oklahoma	4.20%	3	2.70%	17	0.85%	13	40.69	44	13
Virginia	2.10%	19	2.40%	28	0.42%	22	57.84	11	14
Tennessee	1.70%	23	3.20%	7	1.09%	7	43.35	43	15
New Jersey	1.00%	31	2.50%	23	0.32%	27	61.71	5	16
Montana	1.30%	27	2.50%	22	0.88%	12	51.34	29	17
Minnesota	-0.80%	43	2.50%	25	0.41%	24	62.43	3	18
New York	2.50%	11	2.90%	12	-0.52%	50	53.36	23	19
Arkansas	2.50%	13	2.50%	21	0.69%	14	38.23	48	20
California	1.20%	29	2.80%	16	-0.19%	45	59.97	7	21
Massachusetts	1.00%	32	2.50%	24	0.27%	30	57.12	14	22
Alaska	2.60%	10	3.10%	8	0.02%	42	46.27	40	23
New Hampshire	0.80%	34	2.70%	18	0.22%	34	56.46	15	24
South Dakota	-4.20%	50	2.30%	32	1.03%	10	57.6	12	25
North Dakota	-3.90%	49	2.50%	26	0.64%	16	57.37	13	26
Alabama	2.90%	8	2.00%	38	0.68%	15	39.32	46	27
Wyoming	1.40%	26	2.10%	36	0.42%	23	52.4	25	28
Pennsylvania	1.40%	25	2.80%	15	-0.08%	43	51.87	27	29
Colorado	2.30%	18	1.60%	45	0.62%	17	50.7	30	30
New Mexico	2.60%	9	2.60%	20	0.04%	39	43.64	42	31
Nebraska	-3.10%	46	2.10%	37	0.52%	19	58.19	9	32
Rhode Island	3.00%	6	1.90%	41	0.19%	36	51.55	28	33
Connecticut	0.70%	35	1.70%	43	0.23%	32	58.15	10	34
Maine	0.60%	36	2.00%	40	0.46%	20	52.67	24	35
Maryland	0.00%	40	0.70%	49	0.26%	31	62.6	2	36
Oregon	-1.30%	45	3.00%	11	-0.14%	44	52.11	26	37
Illinois	-1.30%	44	2.40%	29	-0.26%	47	58.59	8	38
Wisconsin	0.50%	37	1.70%	44	0.34%	26	53.61	21	39
Indiana	0.10%	39	2.30%	31	0.44%	21	47.41	37	40
Kansas	-3.90%	48	2.90%	13	0.13%	37	49.9	32	41
Vermont	1.20%	28	2.20%	33	0.06%	38	48.46	34	42
Missouri	1.60%	24	2.00%	39	0.31%	29	45.38	41	43
Michigan	1.80%	22	2.10%	35	0.04%	40	46.51	39	44
Iowa	-3.30%	47	1.50%	47	0.23%	33	55.57	16	45
Kentucky	0.50%	38	2.20%	34	0.32%	28	38.36	47	46
Ohio	-0.30%	42	1.40%	48	0.22%	35	46.81	38	47
Mississippi	1.00%	33	1.50%	46	0.03%	41	39.58	45	48
West Virginia	1.10%	30	0.40%	50	-0.22%	46	33.83	50	49
Louisiana	-0.20%	41	1.90%	42	-0.31%	49	34.81	49	50

¹U.S. Bureau of Economic Analysis (BEA)

²World Population Review

³World Population Review

⁴World Population Review

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