State rental market references
Rent, property tax and insurance by state, for DSCR investors
Before you price a rental, know what the state rents for and what a home there costs to carry. Each state page breaks these figures down by county, with vacancy, jobs, new supply and flood claims, from official HUD, Census, BLS and FEMA data.
| State | 2-bed FMR | Property tax | Insurance / yr | Rental vacancy | Jobs, 1 yr | Rent for 1.20x |
|---|---|---|---|---|---|---|
| Alabama | $1,150 | 0.38% | $1,430 | 7.2% | -1.5% | $1,540 |
| Alaska | $1,529 | 1.11% | $1,240 | 7.0% | -0.3% | $2,740 |
| Arizona1 hub | $1,734 | 0.48% | $1,010 | 5.8% | -3.5% | $2,770 |
| Arkansas | $1,118 | 0.55% | $1,380 | 6.4% | +1.9% | $1,420 |
| California | $2,964 | 0.70% | $1,300 | 4.2% | -1.3% | $5,270 |
| Colorado | $2,169 | 0.48% | $1,860 | 5.1% | -3.4% | $3,840 |
| Connecticut | $1,933 | 1.81% | $1,470 | 4.3% | -3.5% | $3,120 |
| Delaware | $1,860 | 0.50% | $960 | 5.0% | -2.2% | $2,490 |
| District of Columbia | $2,438 | 0.58% | $1,060 | 6.9% | +0.4% | $5,170 |
| Florida2 hubs | $1,959 | 0.76% | $2,040 | 7.6% | +0.1% | $2,740 |
| Georgia | $1,762 | 0.77% | $1,430 | 6.8% | +2.2% | $2,290 |
| Hawaii | $2,542 | 0.27% | $1,290 | 7.4% | +1.2% | $5,640 |
| Idaho | $1,507 | 0.49% | $970 | 3.9% | -0.9% | $2,940 |
| Illinois | $2,011 | 2.01% | $1,240 | 5.0% | -2.2% | $2,310 |
| Indiana1 hub | $1,276 | 0.74% | $1,200 | 5.6% | -0.6% | $1,650 |
| Iowa | $1,066 | 1.39% | $1,250 | 5.7% | -1.0% | $1,720 |
| Kansas | $1,107 | 1.29% | $1,760 | 6.2% | -1.9% | $1,820 |
| Kentucky | $1,199 | 0.75% | $1,280 | 4.6% | +0.5% | $1,580 |
| Louisiana | $1,149 | 0.55% | $1,900 | 7.8% | +1.3% | $1,670 |
| Maine | $1,722 | 1.02% | $950 | 4.2% | -2.5% | $2,260 |
| Maryland | $2,006 | 0.97% | $1,260 | 4.7% | -0.2% | $3,180 |
| Massachusetts | $3,008 | 1.07% | $1,470 | 3.5% | -1.4% | $4,290 |
| Michigan | $1,459 | 1.25% | $1,080 | 5.1% | -4.4% | $1,850 |
| Minnesota | $1,734 | 1.02% | $1,570 | 5.3% | -2.5% | $2,570 |
| Mississippi | $1,044 | 0.72% | $1,540 | 8.2% | -1.9% | $1,340 |
| Missouri2 hubs | $1,349 | 0.85% | $1,480 | 5.0% | +0.9% | $1,790 |
| Montana | $1,450 | 0.72% | $1,400 | 5.3% | -0.3% | $2,780 |
| Nebraska | $1,230 | 1.49% | $1,750 | 4.3% | -0.4% | $2,030 |
| Nevada | $1,686 | 0.47% | $940 | 6.8% | +0.4% | $3,040 |
| New Hampshire | $2,239 | 1.66% | $1,090 | 4.0% | -0.2% | $3,310 |
| New Jersey | $2,282 | 2.11% | $1,280 | 3.5% | +2.0% | $3,950 |
| New Mexico | $1,384 | 0.70% | $1,170 | 5.9% | -2.1% | $1,850 |
| New York | $2,971 | 1.55% | $1,240 | 3.8% | +0.7% | $3,450 |
| North Carolina1 hub | $1,476 | 0.66% | $1,210 | 7.1% | -0.5% | $2,130 |
| North Dakota | $1,078 | 0.99% | $1,400 | 8.3% | +0.0% | $1,960 |
| Ohio | $1,274 | 1.31% | $1,090 | 4.4% | -0.4% | $1,740 |
| Oklahoma | $1,229 | 0.80% | $1,920 | 6.5% | -1.9% | $1,610 |
| Oregon | $1,878 | 0.81% | $970 | 4.2% | +0.5% | $3,490 |
| Pennsylvania | $1,553 | 1.30% | $1,020 | 4.9% | +3.1% | $2,030 |
| Rhode Island | $1,879 | 1.21% | $1,570 | 4.2% | -1.7% | $3,190 |
| South Carolina | $1,329 | 0.48% | $1,280 | 8.3% | +3.6% | $1,880 |
| South Dakota | $1,228 | 1.06% | $1,450 | 6.0% | -1.9% | $2,040 |
| Tennessee1 hub | $1,307 | 0.50% | $1,290 | 6.1% | -1.5% | $2,080 |
| Texas1 hub | $1,497 | 1.49% | $1,860 | 7.7% | +0.3% | $2,390 |
| Utah | $1,615 | 0.52% | $920 | 5.5% | +0.2% | $3,430 |
| Vermont | $1,783 | 1.59% | $1,010 | 3.0% | -2.6% | $2,600 |
| Virginia | $1,667 | 0.73% | $1,180 | 4.8% | -1.5% | $2,810 |
| Washington | $2,064 | 0.81% | $1,170 | 4.5% | -0.1% | $4,130 |
| West Virginia | $1,006 | 0.53% | $970 | 6.7% | -0.7% | $1,210 |
| Wisconsin | $1,263 | 1.42% | $990 | 4.5% | +1.9% | $2,150 |
| Wyoming | $1,039 | 0.57% | $1,400 | 6.0% | -0.6% | $2,270 |
2-bed FMR is HUD's FY2027 Fair Market Rent for a modest 2-bedroom unit where most of the state's renters live, not a house rent. Property tax is the median tax paid divided by the median home value, and insurance is what homeowners with a mortgage report paying, not a landlord quote (Census ACS 2020–2024). Rent for 1.20x is the monthly rent a home at the state's median value needs with25% down on a 7.5% 30-year loan.
Next: monthly market hubs, the DSCR calculator and how DSCR works.