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HouseCanary Rental Investment Index

HCRI Index measures Effective Gross Yield, defined as the current fair market annualized rent minus estimated property tax, divided by the current fair market home value for all non-owner occupied single-family properties in the U.S.

HCRI Index

7.7%
U.S. National Effective Gross Yield
Updated March 15, 2017

HouseCanary’s data analytics group has indexed, normalized, and analyzed 40 years of U.S. residential property data, spanning over 1 billion transactions and 100s of macro-economic and local data points, to derive an accurate view of current home values and rental values nationally. The single-family, non-owner occupied portion of these home and rental values is used to derive Gross Yield discussed in this document. Gross Yield, defined as the current fair market annual rent divided by the current fair market home value, can be computed for individual homes, U.S. census blocks, zip codes, states, and the national level.

Effective Gross Yield by State, MSA, and Zip Code

Access Effective Gross Yield by state and for the top 50 U.S. Metro Statistical Areas (MSAs) here. Contact us to obtain Effective Gross Yield for the top 275 MSAs, as well as for zip codes and census blocks within MSAs.

(Top 50 MSAs)
GROSS YIELD BY STATE
ALABAMA
ALASKA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
DISTRICT OF COLUMBIA
FLORIDA
GEORGIA
HAWAII
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
TENNESSEE
TEXAS
UTAH
VERMONT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
GROSS YIELD BY MSA
Atlanta-Sandy Springs-Roswell, GA
Austin-Round Rock, TX
Baltimore-Columbia-Towson, MD
Birmingham-Hoover, AL
Boston-Cambridge-Newton, MA-NH
Buffalo-Cheektowaga-Niagara Falls, NY
Charlotte-Concord-Gastonia, NC-SC
Chicago-Naperville-Elgin, IL-IN-WI
Cincinnati, OH-KY-IN
Cleveland-Elyria, OH
Columbus, OH
Dallas-Fort Worth-Arlington, TX
Denver-Aurora-Lakewood, CO
Detroit-Warren-Dearborn, MI
Hartford-West Hartford-East Hartford, CT
Houston-The Woodlands-Sugar Land, TX
Indianapolis-Carmel-Anderson, IN
Jacksonville, FL
Kansas City, MO-KS
Las Vegas-Henderson-Paradise, NV
Los Angeles-Long Beach-Anaheim, CA
Louisville/Jefferson County, KY-IN
Memphis, TN-MS-AR
Miami-Fort Lauderdale-West Palm Beach, FL
Milwaukee-Waukesha-West Allis, WI
Minneapolis-St. Paul-Bloomington, MN-WI
Nashville-Davidson-Murfreesboro-Franklin, TN
New Orleans-Metairie, LA
New York-Newark-Jersey City, NY-NJ-PA
Oklahoma City, OK
Orlando-Kissimmee-Sanford, FL
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Phoenix-Mesa-Scottsdale, AZ
Pittsburgh, PA
Portland-Vancouver-Hillsboro, OR-WA
Providence-Warwick, RI-MA
Raleigh, NC
Richmond, VA
Riverside-San Bernardino-Ontario, CA
Rochester, NY
Sacramento-Roseville-Arden-Arcade, CA
San Antonio-New Braunfels, TX
San Diego-Carlsbad, CA
San Francisco-Oakland-Hayward, CA
San Jose-Sunnyvale-Santa Clara, CA
Seattle-Tacoma-Bellevue, WA
St. Louis, MO-IL
Tampa-St. Petersburg-Clearwater, FL
Virginia Beach-Norfolk-Newport News, VA-NC
Washington-Arlington-Alexandria, DC-VA-MD-WV
MSA Yield
Choose from the above drop-down Yield
OR CALL: (855) 218-9597

Sample MSA Effective Gross Yield by Zip Code

Within the Atlanta MSA, top-performing zip codes generate 25.1 percent gross yield, while the lowest generate only 4.4 percent. The difference in gross yield is driven by local factors, including the current cost of homeownership, household income, shifting demographics, and home price appreciation since the last recession.

Contact us to obtain Effective Gross Yield by zip code for other MSAs in the United States

OR CALL: (855) 218-9597

Products for Single-Family Rental Investors

HouseCanary product cycle

Technology to help investors increase yields using analytics and the richest data set available:

1

Revenue management. Market rent valuations and real-time comparables to set rents with confidence.

2

Asset management. Intelligent decision support for rehab and disposition.

3

Portfolio growth. National data set to help identify the best micro-markets to fit your yield objectives.

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