Ranked list · Typical home value
Best rental markets under $200,000
Every ranked market whose typical home value is under $200,000, ordered by Overall score rather than by price, so the cheapest market is not automatically the top of the list. This is the entry-price band most first-time rental buyers are actually shopping.
What this ranking is
684 of 4,812 scored markets meet the entry rule for this list (a typical home value of $200,000 or less, and a Confidence score of 70 or better). Across the 100 shown, the median Overall score is 61.8 out of 100 and 76 carry an A grade, so a strong showing on typical home value is not the same thing as a strong market.
Read it with the trade-off. 684 of 4812 ranked markets have a typical home value under $200,000. The investor-entry price (the bottom tier an investor actually shops) is lower again in most of them, and each city page shows both.
Every market below links to its own page, where the same numbers are shown with their source, their as-of date, and the exact arithmetic behind the score. A ranking is a screen for where to look; it is not underwriting and not a recommendation.
Best rental markets under $200,000, ranked
Showing the top 100 of 684 markets that qualify. Click any column to re-sort. The full 4,812-market ranking, with every filter, is in the market explorer.
| # | Market | Typical home value | Grade | Overall | Confidence | Gross yield | Population trend | National rank |
|---|---|---|---|---|---|---|---|---|
| 1 | Wagoner OK | $188,500 | A | 81.8 | 73 | 7.0% ACS | +0.8% | #4 |
| 2 | Chickasha OK | $158,142 | A | 74.9 | 73 | 9.5% | +1.1% | #44 |
| 3 | El Reno OK | $184,951 | A | 74.0 | 73 | 8.6% | +2.5% | #55 |
| 4 | Perry IA | $172,729 | A | 73.5 | 73 | 9.2% ACS | +0.8% | #60 |
| 5 | Eastman GA | $156,807 | A | 72.8 | 70 | 7.3% | +0.1% | #74 |
| 6 | Corbin KY | $170,311 | A | 72.0 | 73 | 7.1% | +0.5% | #97 |
| 7 | West York PA | $123,600 ACS | A | 71.6 | 76 | 9.4% ACS | +0.6% | #104 |
| 8 | Connersville IN | $160,016 | A | 70.9 | 73 | 8.9% ACS | +0.2% | #122 |
| 9 | Swainsboro GA | $130,694 | A | 70.6 | 70 | 9.2% ACS | -0.1% | #126 |
| 10 | Batesville AR | $180,402 | A | 70.1 | 73 | 5.9% | +1.2% | #137 |
| 11 | Chickasaw AL | $109,708 | A | 69.7 | 73 | 9.8% ACS | -0.2% | #146 |
| 12 | Tuscumbia AL | $196,197 | A | 69.6 | 82 | 5.8% | +0.8% | #148 |
| 13 | Steelton PA | $134,800 ACS | A | 69.1 | 76 | 11.5% ACS | +0.4% | #168 |
| 14 | Tallassee AL | $196,328 | A | 68.5 | 82 | 8.0% ACS | +0.1% | #189 |
| 15 | North College Hill OH | $154,000 ACS | A | 68.5 | 76 | 8.3% ACS | -0.0% | #190 |
| 16 | University Park IL | $197,599 | A | 68.0 | 82 | 12.9% ACS | -0.2% | #211 |
| 17 | Gautier MS | $193,463 | A | 67.8 | 73 | 8.9% | +0.2% | #219 |
| 18 | Lacy-Lakeview TX | $193,913 | A | 67.7 | 82 | 8.2% | +0.5% | #227 |
| 19 | Valley AL | $179,640 | A | 67.3 | 82 | 8.7% ACS | +0.3% | #239 |
| 20 | Washington IN | $149,420 | A | 67.3 | 79 | 6.8% ACS | +1.0% | #240 |
| 21 | Sharon Hill PA | $195,885 | A | 66.7 | 76 | 10.7% ACS | +0.2% | #276 |
| 22 | Kermit TX | $146,982 | A | 66.7 | 76 | 8.5% ACS | -0.7% | #281 |
| 23 | Elwood IN | $157,223 | A | 66.6 | 73 | 10.6% ACS | +0.2% | #285 |
| 24 | Sheffield AL | $132,907 | A | 66.1 | 82 | 8.2% | +0.2% | #297 |
| 25 | Steger IL | $177,254 | A | 66.0 | 82 | 8.2% ACS | -0.3% | #305 |
| 26 | Lauderdale Lakes FL | $135,344 | A | 65.9 | 88 | 18.3% | +0.6% | #309 |
| 27 | Cushing OK | $144,458 | A | 65.7 | 73 | 8.4% ACS | +0.4% | #317 |
| 28 | Mount Healthy OH | $194,149 | A | 65.6 | 82 | 7.9% | +0.0% | #324 |
| 29 | Williamsburg KY | $117,882 | A | 65.3 | 73 | 8.4% ACS | +0.2% | #331 |
| 30 | Nanticoke PA | $171,746 | A | 65.0 | 82 | 8.8% ACS | +0.3% | #347 |
| 31 | Primera TX | $160,900 ACS | B | 64.9 | 70 | 9.6% ACS | +1.1% | #352 |
| 32 | San Juan TX | $181,938 | A | 64.7 | 94 | 7.5% | +0.9% | #364 |
| 33 | Sauk Village IL | $110,800 ACS | A | 64.5 | 70 | 16.3% ACS | -0.7% | #374 |
| 34 | Altus OK | $108,969 | A | 63.9 | 73 | 11.2% | -0.1% | #415 |
| 35 | Sandy Oaks TX | $120,300 ACS | B | 63.6 | 70 | 13.1% ACS | +3.1% | #431 |
| 36 | Lake Station IN | $161,490 | A | 63.6 | 76 | 9.8% ACS | +0.1% | #435 |
| 37 | Marlin TX | $92,139 | A | 63.4 | 82 | 12.5% ACS | +0.3% | #446 |
| 38 | Moultrie GA | $168,707 | A | 63.4 | 76 | 6.0% ACS | +0.6% | #447 |
| 39 | Newberry SC | $175,752 | A | 62.9 | 76 | 7.0% ACS | +0.5% | #475 |
| 40 | Clinton MO | $171,477 | A | 62.8 | 70 | 5.4% ACS | +0.7% | #484 |
| 41 | Dublin GA | $194,986 | A | 62.8 | 76 | 7.4% | +0.4% | #483 |
| 42 | Sandersville GA | $157,918 | A | 62.6 | 70 | 8.0% ACS | -0.9% | #498 |
| 43 | Union City TN | $175,317 | A | 62.4 | 73 | 6.1% ACS | -0.2% | #511 |
| 44 | Henryetta OK | $113,436 | B | 62.3 | 73 | 9.4% ACS | -0.1% | #518 |
| 45 | Sallisaw OK | $187,977 | A | 62.3 | 73 | 7.4% ACS | +0.4% | #523 |
| 46 | Adel GA | $176,209 | A | 62.3 | 70 | 7.5% ACS | +1.1% | #525 |
| 47 | Brook Park OH | $169,600 ACS | A | 62.2 | 76 | 7.9% ACS | -0.4% | #530 |
| 48 | Piqua OH | $183,703 | A | 62.2 | 94 | 7.3% | +0.4% | #531 |
| 49 | San Elizario TX | $183,722 | B | 62.1 | 82 | 10.0% ACS | +0.5% | #537 |
| 50 | Tecumseh OK | $134,810 | B | 61.9 | 73 | 7.9% ACS | -0.0% | #554 |
| 51 | Russellville AL | $178,855 | A | 61.8 | 76 | 6.6% ACS | +0.6% | #556 |
| 52 | Lovington NM | $194,790 | A | 61.8 | 73 | 7.3% ACS | -0.2% | #558 |
| 53 | Lewistown PA | $173,253 | A | 61.8 | 82 | 9.7% ACS | -0.1% | #562 |
| 54 | Anderson IN | $135,767 | B | 61.6 | 100 | 9.5% | +0.3% | #571 |
| 55 | Milan TN | $184,924 | A | 61.5 | 73 | 6.7% ACS | +0.6% | #581 |
| 56 | Harvey IL | $109,303 | A | 61.1 | 82 | 13.1% ACS | -1.4% | #610 |
| 57 | Van Wert OH | $185,922 | B | 60.7 | 82 | 7.4% ACS | +0.3% | #637 |
| 58 | Beech Grove IN | $193,393 | A | 60.7 | 73 | 7.7% | +0.0% | #639 |
| 59 | Park Hills MO | $157,119 | A | 60.7 | 82 | 7.2% ACS | +0.3% | #641 |
| 60 | Oskaloosa IA | $194,697 | A | 60.5 | 73 | 6.5% ACS | -0.1% | #660 |
| 61 | West Carrollton OH | $178,392 | A | 60.4 | 82 | 8.9% | -0.1% | #678 |
| 62 | Oswego NY | $120,600 ACS | A | 60.3 | 82 | 11.0% ACS | -0.1% | #687 |
| 63 | Dyersburg TN | $168,473 | A | 59.9 | 73 | 7.0% | -0.4% | #716 |
| 64 | Oxford AL | $197,629 | A | 59.8 | 94 | 6.6% | +0.2% | #726 |
| 65 | Galion OH | $173,471 | A | 59.8 | 82 | 8.6% ACS | +0.0% | #728 |
| 66 | Palmview TX | $184,444 | B | 59.8 | 82 | 7.2% ACS | +5.4% | #731 |
| 67 | Atchison KS | $176,070 | A | 59.7 | 73 | 6.8% ACS | -0.0% | #738 |
| 68 | Conneaut OH | $149,278 | B | 59.6 | 82 | 7.0% ACS | -0.2% | #743 |
| 69 | Paragould AR | $195,739 | A | 59.6 | 94 | 7.2% | +1.0% | #745 |
| 70 | South Euclid OH | $186,372 | B | 59.6 | 100 | 11.1% | -0.4% | #746 |
| 71 | Maple Heights OH | $137,976 | A | 59.6 | 100 | 13.6% | -0.3% | #752 |
| 72 | Mayfield KY | $163,165 | A | 59.5 | 73 | 6.9% ACS | -0.2% | #753 |
| 73 | Markham IL | $157,367 | A | 59.4 | 82 | 14.4% ACS | -0.9% | #773 |
| 74 | Marshall MO | $187,987 | A | 59.4 | 82 | 6.2% ACS | +0.3% | #775 |
| 75 | Beatrice NE | $186,905 | A | 59.3 | 73 | 6.8% | +0.1% | #784 |
| 76 | Warrensville Heights OH | $136,753 | A | 59.2 | 82 | 10.3% ACS | -0.2% | #793 |
| 77 | Wood River IL | $135,087 | B | 59.1 | 82 | 10.0% | -0.2% | #801 |
| 78 | Blytheville AR | $101,348 | A | 59.0 | 73 | 8.6% ACS | -1.8% | #805 |
| 79 | Midwest City OK | $170,640 | A | 59.0 | 100 | 8.5% | +0.2% | #809 |
| 80 | Olney IL | $133,449 | B | 58.9 | 76 | 9.7% ACS | -0.7% | #816 |
| 81 | Humboldt TN | $160,899 | A | 58.9 | 73 | 8.7% ACS | -0.3% | #823 |
| 82 | Dolton IL | $158,803 | B | 58.8 | 82 | 17.8% | -0.9% | #826 |
| 83 | Gloversville NY | $184,930 | A | 58.7 | 76 | 10.2% ACS | -0.3% | #839 |
| 84 | Shawnee OK | $179,174 | A | 58.6 | 100 | 7.4% | +0.6% | #845 |
| 85 | Shippensburg PA | $177,700 ACS | A | 58.6 | 76 | 6.0% ACS | +0.3% | #849 |
| 86 | Slaton TX | $145,578 | A | 58.6 | 76 | 14.1% ACS | -0.6% | #850 |
| 87 | Waco TX | $197,932 | B | 58.3 | 100 | 8.3% | +1.1% | #880 |
| 88 | Sinton TX | $168,890 | B | 58.2 | 70 | 7.9% ACS | +1.0% | #892 |
| 89 | Talladega AL | $149,645 | B | 58.2 | 82 | 7.6% ACS | -0.5% | #894 |
| 90 | Chester SC | $140,093 | B | 58.1 | 73 | 8.8% ACS | -0.0% | #897 |
| 91 | Chester PA | $83,100 ACS | B | 58.0 | 94 | 15.8% ACS | +0.4% | #903 |
| 92 | Austin MN | $190,664 | A | 58.0 | 100 | 6.5% | +0.5% | #909 |
| 93 | Mexia TX | $138,154 | B | 58.0 | 76 | 9.7% ACS | +0.1% | #911 |
| 94 | Attalla AL | $147,228 | B | 58.0 | 73 | 7.1% ACS | -0.1% | #913 |
| 95 | Flatwoods KY | $153,991 | B | 57.8 | 73 | 9.8% ACS | +0.1% | #930 |
| 96 | Garrett IN | $193,817 | A | 57.7 | 73 | 6.7% ACS | +0.5% | #952 |
| 97 | Kirby TX | $171,929 | A | 57.7 | 82 | 10.3% | -0.1% | #953 |
| 98 | Duquesne PA | $57,985 | B | 57.6 | 82 | 13.9% ACS | -0.9% | #956 |
| 99 | Peoria Heights IL | $125,205 | B | 57.5 | 82 | 9.3% ACS | -0.4% | #963 |
| 100 | Bethany OK | $177,195 | B | 57.5 | 100 | 9.0% | -0.0% | #965 |
Figures marked ACS come from the Census American Community Survey (5-year), because Zillow publishes no index for that market: an ACS home value is the owner-reported median, and an ACS yield is the median gross rent over that median. 68 of the 100 markets shown carry one. Each city page names the source of every figure.
Take one of these markets further
A ranking narrows the field. These do the next step on a specific market or a specific deal.
Compare up to three of them side by side · Run a cash-flow and DSCR scenario · Check a cap rate · Go one level deeper, to ZIP Codes