Research · Open data

Home Values and Rents in the 51 U.S. Cities We Serve

Looking for replacement property in a 1031 exchange? One of the first things to check in a market is how home prices compare with rents. Here are the Census Bureau's figures for every city we serve, side by side.

Explore the 51 cities Download the CSV

Reviewed by Michael Bergman, CPA · Source: U.S. Census Bureau, ACS 2019-2023 · Published October 15, 2026

United States benchmark

Median home value: $303,400
Median gross rent: $1,348 /mo
Homes rented: 35.0%
Rent to value: 5.33%

51 cities

every city with a Universal Pacific intermediary page

22 of 51

have a rent to value above the U.S. figure

23 cities

where renters occupy more than half the homes

2.1% to 16.2%

range of rent to value across the 51

At a glance

Where the numbers stand out

Highest rent to value 16.16% Detroit, Michigan Median home $76,800 Detroit 1031 exchanges → Lowest rent to value 2.10% San Francisco, California Median home $1,380,500 San Francisco 1031 exchanges → Most homes rented 69.3% Miami, Florida U.S.: 35.0% Miami 1031 exchanges → Highest median home value $1,380,500 San Francisco, California U.S.: $303,400 San Francisco 1031 exchanges →

A high rent to value usually means lower prices, not easy income. In Detroit the median home is worth $76,800, and older housing, vacancies and property taxes all shape what an investor would actually net.

The full table

All 51 cities

Click a column to sort. The bar shows rent to value against the highest city.


Detroit, Michigan	$76,800	$1,034	50.3%	16.16%
Memphis, Tennessee	$157,100	$1,123	54.0%	8.58%
El Paso, Texas	$171,700	$1,041	39.8%	7.28%
Milwaukee, Wisconsin	$172,000	$1,033	58.5%	7.21%
Baltimore, Maryland	$219,300	$1,290	52.5%	7.06%
San Antonio, Texas	$219,700	$1,258	47.6%	6.87%
Philadelphia, Pennsylvania	$232,400	$1,323	47.7%	6.83%
Indianapolis, Indiana	$207,000	$1,112	44.7%	6.45%
Tulsa, Oklahoma	$189,600	$998	48.0%	6.32%
Kansas City, Missouri	$227,000	$1,186	45.4%	6.27%
Columbus, Ohio	$234,500	$1,224	55.7%	6.26%
Houston, Texas	$253,400	$1,313	58.0%	6.22%
Jacksonville, Florida	$266,100	$1,375	42.6%	6.20%
Fort Worth, Texas	$277,300	$1,412	43.3%	6.11%
Oklahoma City, Oklahoma	$215,100	$1,083	40.9%	6.04%
Arlington, Texas	$276,400	$1,389	45.2%	6.03%
Omaha, Nebraska	$230,100	$1,150	42.3%	6.00%
Louisville, Kentucky	$221,500	$1,069	39.4%	5.79%
Dallas, Texas	$295,300	$1,403	57.6%	5.70%
Virginia Beach, Virginia	$366,300	$1,649	35.1%	5.40%
Palm Beach County, Florida	$407,300	$1,818	30.1%	5.36%
Tucson, Arizona	$242,200	$1,079	48.3%	5.35%
Chicago, Illinois	$315,200	$1,380	54.5%	5.25%
Charlotte, North Carolina	$351,500	$1,504	48.5%	5.13%
Tampa, Florida	$375,300	$1,567	49.8%	5.01%
New Orleans, Louisiana	$296,400	$1,211	49.5%	4.90%
Albuquerque, New Mexico	$266,700	$1,085	38.5%	4.88%
Mesa, Arizona	$364,300	$1,478	35.6%	4.87%
Raleigh, North Carolina	$377,800	$1,468	48.8%	4.66%
Nashville, Tennessee	$383,100	$1,486	47.0%	4.65%
Atlanta, Georgia	$420,600	$1,617	53.7%	4.61%
Minneapolis, Minnesota	$345,600	$1,329	52.0%	4.61%
Phoenix, Arizona	$381,900	$1,458	42.9%	4.58%
Fresno, California	$348,500	$1,324	50.3%	4.56%
Colorado Springs, Colorado	$420,700	$1,562	38.7%	4.46%
Las Vegas, Nevada	$395,300	$1,456	44.3%	4.42%
Sacramento, California	$484,600	$1,694	48.5%	4.19%
Miami, Florida	$475,200	$1,657	69.3%	4.18%
Austin, Texas	$512,700	$1,655	55.6%	3.87%
Denver, Colorado	$586,700	$1,770	50.9%	3.62%
Boston, Massachusetts	$710,400	$2,093	64.6%	3.54%
Portland, Oregon	$557,600	$1,596	47.2%	3.43%
Washington, D.C.	$724,600	$1,900	58.9%	3.15%
San Diego, California	$848,500	$2,223	52.4%	3.14%
Long Beach, California	$762,200	$1,803	59.1%	2.84%
New York City, New York	$751,700	$1,779	67.2%	2.84%
San Jose, California	$1,187,800	$2,617	44.1%	2.64%
Seattle, Washington	$912,100	$1,998	55.8%	2.63%
Los Angeles, California	$879,500	$1,879	63.7%	2.56%
Oakland, California	$924,700	$1,917	58.3%	2.49%
San Francisco, California	$1,380,500	$2,419	61.5%	2.10%
United States	$303,400	$1,348	35.0%	5.33%

Detroit, Michigan 16.16%

Home value: $76,800
Rent: $1,034
Rented: 50.3%

Memphis, Tennessee 8.58%

Home value: $157,100
Rent: $1,123
Rented: 54.0%

El Paso, Texas 7.28%

Home value: $171,700
Rent: $1,041
Rented: 39.8%

Milwaukee, Wisconsin 7.21%

Home value: $172,000
Rent: $1,033
Rented: 58.5%

Baltimore, Maryland 7.06%

Home value: $219,300
Rent: $1,290
Rented: 52.5%

San Antonio, Texas 6.87%

Home value: $219,700
Rent: $1,258
Rented: 47.6%

Philadelphia, Pennsylvania 6.83%

Home value: $232,400
Rent: $1,323
Rented: 47.7%

Indianapolis, Indiana 6.45%

Home value: $207,000
Rent: $1,112
Rented: 44.7%

Tulsa, Oklahoma 6.32%

Home value: $189,600
Rent: $998
Rented: 48.0%

Kansas City, Missouri 6.27%

Home value: $227,000
Rent: $1,186
Rented: 45.4%

Columbus, Ohio 6.26%

Home value: $234,500
Rent: $1,224
Rented: 55.7%

Houston, Texas 6.22%

Home value: $253,400
Rent: $1,313
Rented: 58.0%

Jacksonville, Florida 6.20%

Home value: $266,100
Rent: $1,375
Rented: 42.6%

Fort Worth, Texas 6.11%

Home value: $277,300
Rent: $1,412
Rented: 43.3%

Oklahoma City, Oklahoma 6.04%

Home value: $215,100
Rent: $1,083
Rented: 40.9%

Arlington, Texas 6.03%

Home value: $276,400
Rent: $1,389
Rented: 45.2%

Omaha, Nebraska 6.00%

Home value: $230,100
Rent: $1,150
Rented: 42.3%

Louisville, Kentucky 5.79%

Home value: $221,500
Rent: $1,069
Rented: 39.4%

Dallas, Texas 5.70%

Home value: $295,300
Rent: $1,403
Rented: 57.6%

Virginia Beach, Virginia 5.40%

Home value: $366,300
Rent: $1,649
Rented: 35.1%

Palm Beach County, Florida 5.36%

Home value: $407,300
Rent: $1,818
Rented: 30.1%

Tucson, Arizona 5.35%

Home value: $242,200
Rent: $1,079
Rented: 48.3%

Chicago, Illinois 5.25%

Home value: $315,200
Rent: $1,380
Rented: 54.5%

Charlotte, North Carolina 5.13%

Home value: $351,500
Rent: $1,504
Rented: 48.5%

Tampa, Florida 5.01%

Home value: $375,300
Rent: $1,567
Rented: 49.8%

New Orleans, Louisiana 4.90%

Home value: $296,400
Rent: $1,211
Rented: 49.5%

Albuquerque, New Mexico 4.88%

Home value: $266,700
Rent: $1,085
Rented: 38.5%

Mesa, Arizona 4.87%

Home value: $364,300
Rent: $1,478
Rented: 35.6%

Raleigh, North Carolina 4.66%

Home value: $377,800
Rent: $1,468
Rented: 48.8%

Nashville, Tennessee 4.65%

Home value: $383,100
Rent: $1,486
Rented: 47.0%

Atlanta, Georgia 4.61%

Home value: $420,600
Rent: $1,617
Rented: 53.7%

Minneapolis, Minnesota 4.61%

Home value: $345,600
Rent: $1,329
Rented: 52.0%

Phoenix, Arizona 4.58%

Home value: $381,900
Rent: $1,458
Rented: 42.9%

Fresno, California 4.56%

Home value: $348,500
Rent: $1,324
Rented: 50.3%

Colorado Springs, Colorado 4.46%

Home value: $420,700
Rent: $1,562
Rented: 38.7%

Las Vegas, Nevada 4.42%

Home value: $395,300
Rent: $1,456
Rented: 44.3%

Sacramento, California 4.19%

Home value: $484,600
Rent: $1,694
Rented: 48.5%

Miami, Florida 4.18%

Home value: $475,200
Rent: $1,657
Rented: 69.3%

Austin, Texas 3.87%

Home value: $512,700
Rent: $1,655
Rented: 55.6%

Denver, Colorado 3.62%

Home value: $586,700
Rent: $1,770
Rented: 50.9%

Boston, Massachusetts 3.54%

Home value: $710,400
Rent: $2,093
Rented: 64.6%

Portland, Oregon 3.43%

Home value: $557,600
Rent: $1,596
Rented: 47.2%

Washington, D.C. 3.15%

Home value: $724,600
Rent: $1,900
Rented: 58.9%

San Diego, California 3.14%

Home value: $848,500
Rent: $2,223
Rented: 52.4%

Long Beach, California 2.84%

Home value: $762,200
Rent: $1,803
Rented: 59.1%

New York City, New York 2.84%

Home value: $751,700
Rent: $1,779
Rented: 67.2%

San Jose, California 2.64%

Home value: $1,187,800
Rent: $2,617
Rented: 44.1%

Seattle, Washington 2.63%

Home value: $912,100
Rent: $1,998
Rented: 55.8%

Los Angeles, California 2.56%

Home value: $879,500
Rent: $1,879
Rented: 63.7%

Oakland, California 2.49%

Home value: $924,700
Rent: $1,917
Rented: 58.3%

San Francisco, California 2.10%

Home value: $1,380,500
Rent: $2,419
Rented: 61.5%

United States

$303,400 home value · $1,348 rent · 35.0% rented · 5.33% rent to value

Source: U.S. Census Bureau, American Community Survey 2019-2023 5-year estimates. Palm Beach uses Palm Beach County.

How to read it

What each column means

Median home value

The middle value of owner-occupied homes, as reported by their owners.

Median gross rent

The middle monthly rent, including utilities the renter pays.

Renter share

The share of occupied homes that are rented rather than owned.

Rent to value

Twelve months of median rent divided by the median home value. A rough way to compare markets, not the yield of any property.

Method

We read four Census tables from the 2023 ACS 5-year summary files: B25077 (median value), B25064 (median gross rent), B25003 (tenure) and B01003 (population), and matched each city to its Census place by code. Indianapolis, Louisville and Nashville share a government with their county, so we used the Census figures for the consolidated city, which leave out separately incorporated towns. Renter share and rent to value are calculated from those figures.

Download the CSV More research

52 rows, with Census margins of error. Free to reuse under CC BY 4.0 with a link to this page.

Limits

The figures describe 2019 to 2023, not current prices or rents.
Medians cover all homes and all rentals in each city, not commercial or investment property.
ACS figures are survey estimates. The CSV includes the margin of error for home value and rent.
This is general market information, not advice on any property or exchange.

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