Where to buy a US home to rent out

ANU Housing

Home values, rents, rental yield and cash flow at today's mortgage rate for about 900 US metros, with the trends, Zillow's forecast and the latest housing news. Refreshed every day from free public data.

The map

Rankings

Uses the same filters as the map. Tap a column to sort, a row to open the metro.

30-year mortgage rate

Freddie Mac, weekly

How to read this

Gross yield is a year of rent divided by the price. Above about 7% is high for the US; coastal metros sit near 4%.

Cash flow is rent after operating costs minus the mortgage payment. The defaults are 25% down, today's 30-year rate and 45% of rent for property tax, insurance, repairs, vacancy and management. Change them in the calculator; the map and table follow.

Metro numbers are averages: neighborhoods, property taxes, insurance and landlord law vary a lot. Use this to choose where to look, then check locally. This is research support, not financial advice.

Sources: Zillow Research (ZHVI home values, ZORI rents, ZHVF forecast, for-sale inventory), Freddie Mac PMMS, Census Bureau metro gazetteer.

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