How It Works

1

Enter Property Address

Users may enter a property street address located anywhere in the United States.

2

Enter Property Characteristics

The tool relies on user descriptions of physical attributes and earnings potential.

3

Refine Income & Expenses

Users are able to make adjustments to a proforma income and expense statement generated from data analytics.

4

Get Cap Rate & Valuation

The tool displays an automated cap rate and valuation as well as a value based upon the user's projections.

It takes less than four minutes and is completely free!

Current Cap Rates for Apartments in the 50 Largest Multifamily Markets

The list below shows median cap rates for the entire Metropolitan Statistical Area (MSA) for select property types. Cap Rates will be higher or lower for individual properties depending upon the size, class and location of the property within the MSA.

Enter the property address into the box at the top of the page to find the cap rate for a particular property. You can also watch a video on How to find Cap Rates.

 

Market (MSA)Median Cap RateProperty TypeYear Built
Current Cap Rate for Washington-Arlington-Alexandria, DC-VA-MD-WV7.03%1-3 Floors1949 or older
Current Cap Rate for Boston-Cambridge-Newton, MA-NH6.05%1-3 Floors1949 or older
Current Cap Rate for Virginia Beach-Norfolk-Newport News, VA-NC8%1-3 Floors1950-1979
Current Cap Rate for New York-Newark-Jersey City, NY-NJ-PA6.19%1-3 Floors1949 or older
Current Cap Rate for San Francisco-Oakland-Hayward, CA4.68%1-3 Floors1949 or older
Current Cap Rate for Austin-Round Rock, TX5.62%1-3 Floors1980-1999
Current Cap Rate for Denver-Aurora-Lakewood, CO6.24%1-3 Floors1950-1979
Current Cap Rate for Richmond, VA7.59%1-3 Floors1949 or older
Current Cap Rate for Portland-Vancouver-Hillsboro, OR-WA6.01%1-3 Floors1950-1979
Current Cap Rate for Chicago-Naperville-Elgin, IL-IN-WI6.55%1-3 Floors1949 or older
Current Cap Rate for Nashville-Davidson--Murfreesboro--Franklin, TN6.17%1-3 Floors1980-1999
Current Cap Rate for Atlanta-Sandy Springs-Roswell, GA7.75%1-3 Floors1950-1979
Current Cap Rate for St. Louis, MO-IL7.35%1-3 Floors1950-1979
Current Cap Rate for Charlotte-Concord-Gastonia, NC-SC7.61%1-3 Floors1980-1999
Current Cap Rate for Sacramento--Roseville--Arden-Arcade, CA5.62%1-3 Floors1950-1979
Current Cap Rate for Provo-Orem, UT5.23%1-3 Floors1950-1979
Current Cap Rate for Madison, WI5.99%1-3 Floors1950-1979
Current Cap Rate for Orlando-Kissimmee-Sanford, FL6.81%1-3 Floors1950-1979
Current Cap Rate for Dallas-Fort Worth-Arlington, TX6.73%1-3 Floors1950-1979
Current Cap Rate for Little Rock-North Little Rock-Conway, AR7.68%1-3 Floors1950-1979
Current Cap Rate for Columbus, OH7.52%1-3 Floors1950-1979
Current Cap Rate for Ann Arbor, MI7.98%1-3 Floors1950-1979
Current Cap Rate for Columbia, SC6.98%1-3 Floors1980-1999
Current Cap Rate for Oklahoma City, OK7.31%1-3 Floors1950-1979
Current Cap Rate for Raleigh, NC7.41%1-3 Floors1980-1999
Current Cap Rate for Seattle-Tacoma-Bellevue, WA4.75%1-3 Floors1950-1979
Current Cap Rate for New Orleans-Metairie, LA6.69%1-3 Floors1950-1979
Current Cap Rate for Baltimore-Columbia-Towson, MD7%1-3 Floors1949 or older
Current Cap Rate for Salt Lake City, UT5.48%1-3 Floors1950-1979
Current Cap Rate for Philadelphia-Camden-Wilmington, PA-NJ-DE-MD6.87%1-3 Floors1949 or older
Current Cap Rate for Houston-The Woodlands-Sugar Land, TX6.84%1-3 Floors1950-1979
Current Cap Rate for San Diego-Carlsbad, CA5.16%1-3 Floors1950-1979
Current Cap Rate for Anchorage, AK6.62%1-3 Floors1980-1999
Current Cap Rate for Charleston-North Charleston, SC6.4%1-3 Floors1950-1979
Current Cap Rate for Los Angeles-Long Beach-Anaheim, CA4.84%1-3 Floors1950-1979
Current Cap Rate for San Jose-Sunnyvale-Santa Clara, CA4.98%1-3 Floors1950-1979
Current Cap Rate for Savannah, GA6.95%1-3 Floors1950-1979
Current Cap Rate for Minneapolis-St. Paul-Bloomington, MN-WI6.15%1-3 Floors1950-1979
Current Cap Rate for Indianapolis-Carmel-Anderson, IN7.59%1-3 Floors1950-1979
Current Cap Rate for Las Vegas-Henderson-Paradise, NV5.88%1-3 Floors1950-1979
Current Cap Rate for Milwaukee-Waukesha-West Allis, WI7.07%1-3 Floors1949 or older
Current Cap Rate for Omaha-Council Bluffs, NE-IA7.53%1-3 Floors1949 or older
Current Cap Rate for Jacksonville, FL6.92%1-3 Floors1950-1979
Current Cap Rate for San Antonio-New Braunfels, TX7.15%1-3 Floors1980-1999
Current Cap Rate for Tampa-St. Petersburg-Clearwater, FL7.24%1-3 Floors1950-1979
Current Cap Rate for Miami-Fort Lauderdale-West Palm Beach, FL6.26%1-3 Floors1950-1979
Current Cap Rate for Augusta-Richmond County, GA-SC7.64%1-3 Floors1980-1999
Current Cap Rate for Boise City, ID6%1-3 Floors1950-1979
Current Cap Rate for Knoxville, TN7.48%1-3 Floors1950-1979
Current Cap Rate for Birmingham-Hoover, AL8.22%1-3 Floors1950-1979
Current Cap Rate for Greenville-Anderson-Mauldin, SC7.63%1-3 Floors1980-1999
Current Cap Rate for Ogden-Clearfield, UT6.15%1-3 Floors1950-1979
Current Cap Rate for Bakersfield, CA6.84%1-3 Floors1950-1979
Current Cap Rate for Riverside-San Bernardino-Ontario, CA6.29%1-3 Floors1980-1999
Current Cap Rate for Colorado Springs, CO6.79%1-3 Floors1950-1979
Current Cap Rate for Providence-Warwick, RI-MA7.1%1-3 Floors1949 or older
Current Cap Rate for Phoenix-Mesa-Scottsdale, AZ6.75%1-3 Floors1950-1979
Current Cap Rate for Toledo, OH7.26%1-3 Floors1950-1979
Current Cap Rate for Cincinnati, OH-KY-IN7.76%1-3 Floors1950-1979
Current Cap Rate for Albuquerque, NM7.08%1-3 Floors1950-1979
Current Cap Rate for Memphis, TN-MS-AR8.28%1-3 Floors1950-1979
Current Cap Rate for Fresno, CA6.84%1-3 Floors1950-1979
Current Cap Rate for Kansas City, MO-KS7.61%1-3 Floors1950-1979
Current Cap Rate for Tulsa, OK7.86%1-3 Floors1950-1979
Current Cap Rate for Albany-Schenectady-Troy, NY8.26%1-3 Floors1949 or older
Current Cap Rate for Grand Rapids-Wyoming, MI6.25%1-3 Floors1950-1979
Current Cap Rate for El Paso, TX7.04%1-3 Floors1950-1979
Current Cap Rate for Reno, NV5.9%1-3 Floors1950-1979
Current Cap Rate for Hartford-West Hartford-East Hartford, CT7.94%1-3 Floors1949 or older
Current Cap Rate for Huntsville, AL7.15%1-3 Floors1980-1999
Current Cap Rate for Louisville/Jefferson County, KY-IN7.83%1-3 Floors1950-1979
Current Cap Rate for Wichita, KS9.16%1-3 Floors1950-1979
Current Cap Rate for Vallejo-Fairfield, CA5.74%1-3 Floors1950-1979
Current Cap Rate for Winston-Salem, NC8.18%1-3 Floors1950-1979
Current Cap Rate for Evansville, IN-KY7.92%1-3 Floors1950-1979
Current Cap Rate for Dayton, OH7.92%1-3 Floors1950-1979
Current Cap Rate for Chattanooga, TN-GA8.41%1-3 Floors1950-1979
Current Cap Rate for Asheville, NC7.5%1-3 Floors1950-1979
Current Cap Rate for Manchester-Nashua, NH7.45%1-3 Floors1949 or older
Current Cap Rate for New Haven-Milford, CT7.23%1-3 Floors1949 or older
Current Cap Rate for Worcester, MA-CT7.23%1-3 Floors1949 or older
Current Cap Rate for Tucson, AZ6.99%1-3 Floors1950-1979
Current Cap Rate for Portland-South Portland, ME6.24%1-3 Floors1949 or older
Current Cap Rate for Harrisburg-Carlisle, PA7.76%1-3 Floors1949 or older
Current Cap Rate for Pittsburgh, PA7.21%1-3 Floors1949 or older
Current Cap Rate for Detroit-Warren-Dearborn, MI8.13%1-3 Floors1950-1979
Current Cap Rate for Buffalo-Cheektowaga-Niagara Falls, NY7.83%1-3 Floors1949 or older
Current Cap Rate for Bridgeport-Stamford-Norwalk, CT5.71%1-3 Floors1949 or older
Current Cap Rate for Allentown-Bethlehem-Easton, PA-NJ7.11%1-3 Floors1949 or older
Current Cap Rate for Cleveland-Elyria, OH7.96%1-3 Floors1950-1979
Current Cap Rate for Concord, NH7.84%1-3 Floors1949 or older
Current Cap Rate for Scranton--Wilkes-Barre--Hazleton, PA10.65%1-3 Floors1950-1979
Current Cap Rate for Lakeland-Winter Haven, FL7.74%1-3 Floors1980-1999
Current Cap Rate for Deltona-Daytona Beach-Ormond Beach, FL7.5%1-3 Floors1949 or older
Current Cap Rate for North Port-Sarasota-Bradenton, FL7.35%1-3 Floors1950-1979

What is a Cap Rate?

Cap rate is an abbreviation for capitalization rate and there are a few different ways to calculate it.

How to Find the Market Value of a Real Estate Investment

If everyone had access to perfect information, all parties would come up with the same value for a given piece of property.

How to Find Total Expected Returns

Two approaches for determining total expected returns.

How to Find Cap Rates

Learn three different ways to find cap rates from our informative video.

Sell Your Home to a Real Estate Investor and Fetch a Higher Price

You'll usually make the most profit by selling to a traditional homebuyer. But this isn't always the case.

When to Use Direct Capitalization

It's not always best to use NOI over cap rate to find a property value. Let us break it down for you.

APARTMENT PROPERTY VALUATION

Education + Analytics

Dataspot Analytics LLC is a New York-based data science company that focuses on investment real estate. It offers insights to investors and industry participants looking to be on the pulse of local market conditions throughout the United States. Its valuation tools and educational materials provide users with real-time access to the vital information needed to make educated real estate decisions.

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