Build 2 Rent Market Scorecard™
50-state rankings for Build-to-Rent investment
50 states ranked11 top markets8/8 factors active
Score Factors (click to toggle)
Market Heat Map
Score
85–100%
70–84%
55–69%
45–54%
35–44%
20–34%
0–19%
Rank | State | Score | Grade | Tier | Population Growth | Income Growth | Rent Growth | Vacancy Rate | Land Cost | Crime Rate | Building Permits | Price-to-Rent Ratio |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| #1 | Idaho | 100% | A+ | T1 | 6.2% | 7.5% | 7.3% | 4.9% | $52k | 240 | 870 | 14.2 |
| #2 | Arizona | 92% | A+ | T1 | 5.9% | 7.8% | 7.1% | 5.2% | $62k | 410 | 980 | 15.1 |
| #3 | Florida | 91% | A+ | T1 | 5.4% | 8.1% | 6.9% | 4.8% | $72k | 380 | 890 | 15.2 |
| #4 | Texas | 89% | A | T1 | 5.8% | 7.5% | 6.7% | 6% | $48k | 430 | 1100 | 13.9 |
| #5 | Utah | 89% | A | T1 | 4.7% | 7.1% | 6.6% | 4.7% | $54k | 260 | 950 | 14.3 |
| #6 | Tennessee | 84% | A- | T1 | 4.6% | 7.4% | 6.7% | 5.2% | $39k | 410 | 740 | 13.1 |
| #7 | North Carolina | 81% | A- | T1 | 4.9% | 7.2% | 6.4% | 5.1% | $51k | 410 | 760 | 14.6 |
| #8 | South Carolina | 80% | A- | T1 | 4.3% | 6.8% | 6.5% | 5% | $42k | 390 | 690 | 13.7 |
| #9 | Georgia | 80% | A- | T1 | 4.1% | 7.3% | 6.6% | 5.2% | $45k | 420 | 760 | 13.8 |
| #10 | Nevada | 79% | B+ | T2 | 4.9% | 7% | 6.8% | 5.4% | $61k | 460 | 720 | 14.9 |
| #11 | Montana | 69% | C+ | T2 | 3.8% | 6% | 6.4% | 5% | $58k | 280 | 310 | 16.3 |
| #12 | Colorado | 64% | C | T3 | 3.2% | 6.4% | 6.2% | 5.5% | $78k | 350 | 720 | 18.2 |
| #13 | Washington | 58% | D+ | T3 | 2.2% | 6.2% | 6.1% | 5.2% | $85k | 310 | 700 | 19.4 |
| #14 | Alabama | 58% | D+ | T3 | 2.8% | 5.4% | 5.9% | 6.3% | $34k | 430 | 520 | 11.8 |
| #15 | Delaware | 55% | D | T3 | 2.7% | 5.8% | 5.7% | 5.9% | $59k | 310 | 380 | 16.4 |
| #16 | Oklahoma | 54% | D | T3 | 2.1% | 5.4% | 5.7% | 6.4% | $30k | 450 | 470 | 11.5 |
| #17 | South Dakota | 54% | D | T3 | 1.7% | 5.1% | 5.3% | 5.6% | $31k | 280 | 260 | 12 |
| #18 | Arkansas | 53% | D | T3 | 2.5% | 5.1% | 5.6% | 6.4% | $29k | 460 | 430 | 11.2 |
| #19 | Nebraska | 52% | D- | T3 | 1.5% | 5% | 5.2% | 5.7% | $33k | 290 | 350 | 12.3 |
| #20 | Virginia | 52% | D- | T3 | 1.4% | 5.5% | 5.8% | 5.4% | $65k | 340 | 620 | 17.3 |
| #21 | Indiana | 52% | D- | T3 | 1.9% | 5.2% | 5.4% | 6.1% | $36k | 390 | 510 | 12.9 |
| #22 | New Hampshire | 49% | F | T4 | 1.2% | 5.3% | 5.6% | 4.9% | $69k | 210 | 240 | 18.4 |
| #23 | Iowa | 49% | F | T4 | 1.4% | 4.9% | 5.1% | 5.8% | $32k | 310 | 330 | 12.1 |
| #24 | Oregon | 48% | F | T4 | 1.5% | 5.6% | 5.9% | 5.9% | $72k | 320 | 450 | 18.9 |
| #25 | Minnesota | 47% | F | T4 | 1.3% | 5.2% | 5.3% | 5.9% | $48k | 300 | 460 | 16.7 |
| #26 | Missouri | 47% | F | T4 | 1.6% | 5.1% | 5.3% | 6.3% | $34k | 440 | 390 | 12.6 |
| #27 | Kentucky | 46% | F | T4 | 1.7% | 5% | 5.2% | 6.4% | $33k | 410 | 340 | 12.4 |
| #28 | Wisconsin | 45% | F | T4 | 1% | 4.8% | 5.1% | 6% | $38k | 320 | 410 | 13.6 |
| #29 | Kansas | 45% | F | T4 | 1.2% | 4.8% | 5% | 6% | $31k | 370 | 290 | 11.7 |
| #30 | Maryland | 42% | F | T4 | 1.1% | 5.3% | 5.5% | 5.6% | $82k | 330 | 410 | 19.1 |
| #31 | New Mexico | 39% | F | T4 | 1.3% | 4.9% | 5.2% | 6.5% | $37k | 500 | 260 | 13.2 |
| #32 | Vermont | 39% | F | T4 | 0.6% | 4.7% | 5% | 5.3% | $60k | 200 | 120 | 17.8 |
| #33 | Wyoming | 39% | F | T4 | 0.8% | 4.5% | 4.9% | 6.4% | $36k | 290 | 170 | 13 |
| #34 | Maine | 38% | F | T4 | 0.7% | 4.6% | 4.9% | 5.5% | $54k | 260 | 190 | 17.2 |
| #35 | North Dakota | 38% | F | T4 | 0.9% | 4.6% | 4.8% | 6.6% | $39k | 300 | 210 | 13.4 |
| #36 | Massachusetts | 37% | F | T4 | 0.5% | 5.1% | 5.4% | 5.2% | $98k | 290 | 370 | 21.4 |
| #37 | Mississippi | 36% | F | T4 | 0.8% | 4.5% | 4.9% | 6.8% | $27k | 480 | 240 | 10.9 |
| #38 | Michigan | 35% | F | T4 | 0.6% | 4.7% | 5% | 6.7% | $42k | 450 | 420 | 14.8 |
| #39 | Ohio | 35% | F | T4 | 0.8% | 4.7% | 5% | 6.8% | $41k | 470 | 430 | 14.5 |
| #40 | Rhode Island | 34% | F | T5 | 0.5% | 4.9% | 5.2% | 5.4% | $86k | 310 | 180 | 20.7 |
| #41 | Pennsylvania | 33% | F | T5 | 0.6% | 4.6% | 5% | 6.5% | $56k | 420 | 410 | 16.8 |
| #42 | New Jersey | 31% | F | T5 | 0.7% | 4.8% | 5.1% | 5.4% | $105k | 350 | 380 | 22 |
| #43 | Connecticut | 31% | F | T5 | 0.8% | 4.5% | 4.9% | 6.1% | $74k | 280 | 250 | 19.6 |
| #44 | Louisiana | 30% | F | T5 | 0.9% | 4.4% | 4.8% | 7.2% | $35k | 520 | 280 | 13.5 |
| #45 | West Virginia | 28% | F | T5 | 0.3% | 4.1% | 4.5% | 7.1% | $26k | 500 | 180 | 11.1 |
| #46 | California | 28% | F | T5 | 0.6% | 4.8% | 5% | 5.6% | $120k | 420 | 640 | 22.5 |
| #47 | New York | 25% | F | T5 | 0.4% | 4.5% | 4.9% | 5.8% | $110k | 360 | 420 | 23.5 |
| #48 | Illinois | 24% | F | T5 | 0.3% | 4.3% | 4.7% | 6.9% | $67k | 440 | 390 | 18.5 |
| #49 | Alaska | 17% | F | T5 | 1.1% | 4.2% | 4.8% | 7.5% | $68k | 610 | 210 | 18.9 |
| #50 | Hawaii | 17% | F | T5 | 0.4% | 4.1% | 4.6% | 5.7% | $135k | 300 | 120 | 23.1 |
Scoring Methodology
How we calculate the Build 2 Rent Market Score