Below is a list showing the median cap rate by county for select property types. Keep in mind that cap rates for specific properties may be higher or lower than the median in their area. Read more about How To Find the Market Value of Investment Real Estate.

CountyMedian Cap RateProperty TypeYear Built
Current Cap Rate for Los Angeles County, California4.84%1-3 Floors1950-1979
Current Cap Rate for Cook County, Illinois6.21%1-3 Floors1949 or older
Current Cap Rate for Harris County, Texas6.61%1-3 Floors1950-1979
Current Cap Rate for Maricopa County, Arizona6.55%1-3 Floors1950-1979
Current Cap Rate for San Diego County, California4.96%1-3 Floors1950-1979
Current Cap Rate for Orange County, California4.47%1-3 Floors1950-1979
Current Cap Rate for Kings County, New York5.18%1-3 Floors1949 or older
Current Cap Rate for Miami-Dade County, Florida5.58%1-3 Floors1950-1979
Current Cap Rate for Dallas County, Texas6.65%1-3 Floors1950-1979
Current Cap Rate for Queens County, New York5%1-3 Floors1949 or older
Current Cap Rate for Riverside County, California5.88%1-3 Floors1950-1979
Current Cap Rate for San Bernardino County, California6.4%1-3 Floors1950-1979
Current Cap Rate for Clark County, Nevada5.88%1-3 Floors1950-1979
Current Cap Rate for King County, Washington4.6%1-3 Floors1950-1979
Current Cap Rate for Wayne County, Michigan7.58%1-3 Floors1950-1979
Current Cap Rate for Tarrant County, Texas6.72%1-3 Floors1950-1979
Current Cap Rate for Santa Clara County, California4.67%1-3 Floors1950-1979
Current Cap Rate for Broward County, Florida6.21%1-3 Floors1950-1979
Current Cap Rate for Bexar County, Texas6.65%1-3 Floors1980-1999
Current Cap Rate for Philadelphia County, Pennsylvania6.14%1-3 Floors1949 or older
Current Cap Rate for Alameda County, California4.72%1-3 Floors1949 or older
Current Cap Rate for Middlesex County, Massachusetts5.51%1-3 Floors1949 or older
Current Cap Rate for Sacramento County, California5.62%1-3 Floors1950-1979
Current Cap Rate for Palm Beach County, Florida6.31%1-3 Floors1950-1979
Current Cap Rate for Cuyahoga County, Ohio8.01%1-3 Floors1949 or older
Current Cap Rate for Hillsborough County, Florida7.02%1-3 Floors1980-1999
Current Cap Rate for Allegheny County, Pennsylvania7.22%1-3 Floors1949 or older
Current Cap Rate for Oakland County, Michigan8.27%1-3 Floors1950-1979
Current Cap Rate for Franklin County, Ohio7.08%1-3 Floors1950-1979
Current Cap Rate for Hennepin County, Minnesota5.94%1-3 Floors1950-1979
Current Cap Rate for Orange County, Florida6.52%1-3 Floors1950-1979
Current Cap Rate for Contra Costa County, California5.65%1-3 Floors1950-1979
Current Cap Rate for Salt Lake County, Utah5.19%1-3 Floors1950-1979
Current Cap Rate for Travis County, Texas5.31%1-3 Floors1980-1999
Current Cap Rate for St. Louis County, Missouri5.86%1-3 Floors1950-1979
Current Cap Rate for Pima County, Arizona6.99%1-3 Floors1950-1979
Current Cap Rate for Honolulu County, Hawaii5.27%1-3 Floors1950-1979
Current Cap Rate for Westchester County, New York6.22%1-3 Floors1949 or older
Current Cap Rate for Milwaukee County, Wisconsin7.12%1-3 Floors1949 or older
Current Cap Rate for Fresno County, California6.77%1-3 Floors1950-1979
Current Cap Rate for Shelby County, Tennessee8.28%1-3 Floors1950-1979
Current Cap Rate for Fulton County, Georgia7.18%1-3 Floors1950-1979
Current Cap Rate for Mecklenburg County, North Carolina6.18%1-3 Floors1950-1979
Current Cap Rate for Erie County, New York7.74%1-3 Floors1949 or older
Current Cap Rate for DuPage County, Illinois5.35%1-3 Floors1950-1979
Current Cap Rate for Fairfield County, Connecticut5.71%1-3 Floors1949 or older
Current Cap Rate for Pinellas County, Florida6.58%1-3 Floors1950-1979
Current Cap Rate for Bergen County, New Jersey6.21%1-3 Floors1950-1979
Current Cap Rate for Marion County, Indiana7.62%1-3 Floors1950-1979
Current Cap Rate for Wake County, North Carolina5.97%1-3 Floors1980-1999
Current Cap Rate for Hartford County, Connecticut7.89%1-3 Floors1949 or older
Current Cap Rate for Duval County, Florida7.16%1-3 Floors1950-1979
Current Cap Rate for New Haven County, Connecticut7.03%1-3 Floors1949 or older
Current Cap Rate for Macomb County, Michigan8.05%1-3 Floors1950-1979
Current Cap Rate for Kern County, California6.46%1-3 Floors1950-1979
Current Cap Rate for Middlesex County, New Jersey5.45%1-3 Floors1950-1979
Current Cap Rate for Gwinnett County, Georgia8.21%1-3 Floors1950-1979
Current Cap Rate for San Francisco County, California3.66%1-3 Floors1949 or older
Current Cap Rate for Baltimore County, Maryland7.05%1-3 Floors1949 or older
Current Cap Rate for Hamilton County, Ohio7.31%1-3 Floors1950-1979
Current Cap Rate for El Paso County, Texas7.04%1-3 Floors1950-1979
Current Cap Rate for Montgomery County, Pennsylvania6.81%1-3 Floors1949 or older
Current Cap Rate for Worcester County, Massachusetts7.37%1-3 Floors1949 or older
Current Cap Rate for Pierce County, Washington5.18%1-3 Floors1950-1979
Current Cap Rate for Essex County, New Jersey5.51%1-3 Floors1949 or older
Current Cap Rate for Essex County, Massachusetts6.2%1-3 Floors1949 or older
Current Cap Rate for Jefferson County, Kentucky7.73%1-3 Floors1950-1979
Current Cap Rate for Multnomah County, Oregon4.89%1-3 Floors1950-1979
Current Cap Rate for Suffolk County, Massachusetts5.04%1-3 Floors1949 or older
Current Cap Rate for Oklahoma County, Oklahoma6.98%1-3 Floors1950-1979
Current Cap Rate for Snohomish County, Washington4.98%1-3 Floors1980-1999
Current Cap Rate for Lake County, Illinois7.19%1-3 Floors1950-1979
Current Cap Rate for DeKalb County, Georgia7.9%1-3 Floors1950-1979
Current Cap Rate for San Joaquin County, California6.27%1-3 Floors1950-1979
Current Cap Rate for Jackson County, Missouri7.23%1-3 Floors1950-1979
Current Cap Rate for Norfolk County, Massachusetts5.87%1-3 Floors1949 or older
Current Cap Rate for Bernalillo County, New Mexico7.08%1-3 Floors1950-1979
Current Cap Rate for Jefferson County, Alabama7.81%1-3 Floors1950-1979
Current Cap Rate for Hudson County, New Jersey5.19%1-3 Floors1949 or older
Current Cap Rate for Monmouth County, New Jersey7.02%1-3 Floors1949 or older
Current Cap Rate for Davidson County, Tennessee5.94%1-3 Floors2000 or newer
Current Cap Rate for Providence County, Rhode Island7.02%1-3 Floors1949 or older
Current Cap Rate for Bucks County, Pennsylvania6.87%1-3 Floors1949 or older
Current Cap Rate for El Paso County, Colorado6.72%1-3 Floors1950-1979
Current Cap Rate for Baltimore city, Maryland7.1%1-3 Floors1949 or older
Current Cap Rate for Lee County, Florida8.23%1-3 Floors1980-1999
Current Cap Rate for Tulsa County, Oklahoma7.1%1-3 Floors1950-1979
Current Cap Rate for Kent County, Michigan6.25%1-3 Floors1950-1979
Current Cap Rate for Polk County, Florida7.72%1-3 Floors1950-1979
Current Cap Rate for District of Columbia, District of Columbia6.91%1-3 Floors1949 or older
Current Cap Rate for Denver County, Colorado5.8%1-3 Floors1950-1979
Current Cap Rate for Arapahoe County, Colorado6.12%1-3 Floors1950-1979
Current Cap Rate for Delaware County, Pennsylvania7.41%1-3 Floors1949 or older
Current Cap Rate for Bristol County, Massachusetts6.49%1-3 Floors1949 or older
Current Cap Rate for Brevard County, Florida8.43%1-3 Floors1950-1979
Current Cap Rate for New Castle County, Delaware7.53%1-3 Floors1949 or older
Current Cap Rate for Union County, New Jersey6.26%1-3 Floors1949 or older
Current Cap Rate for Montgomery County, Ohio7.8%1-3 Floors1950-1979
Current Cap Rate for Douglas County, Nebraska7.6%1-3 Floors1949 or older
Current Cap Rate for Utah County, Utah5.22%1-3 Floors1950-1979
Current Cap Rate for Kane County, Illinois6.86%1-3 Floors1950-1979
Current Cap Rate for Ramsey County, Minnesota5.45%1-3 Floors1950-1979
Current Cap Rate for Passaic County, New Jersey6.8%1-3 Floors1950-1979
Current Cap Rate for Sedgwick County, Kansas8.69%1-3 Floors1950-1979
Current Cap Rate for Lake County, Indiana7.95%1-3 Floors1950-1979
Current Cap Rate for Plymouth County, Massachusetts7.02%1-3 Floors1949 or older
Current Cap Rate for Volusia County, Florida7.52%1-3 Floors1950-1979
Current Cap Rate for Dane County, Wisconsin5.95%1-3 Floors1950-1979
Current Cap Rate for Spokane County, Washington6.9%1-3 Floors1950-1979
Current Cap Rate for Hampden County, Massachusetts8.98%1-3 Floors1949 or older
Current Cap Rate for Greenville County, South Carolina6.75%1-3 Floors1950-1979
Current Cap Rate for Lucas County, Ohio7.86%1-3 Floors1950-1979
Current Cap Rate for Knox County, Tennessee7.21%1-3 Floors1950-1979
Current Cap Rate for Polk County, Iowa8.93%1-3 Floors1950-1979
Current Cap Rate for Washoe County, Nevada5.32%1-3 Floors1950-1979
Current Cap Rate for Solano County, California5.76%1-3 Floors1950-1979
Current Cap Rate for Hillsborough County, New Hampshire7.47%1-3 Floors1949 or older
Current Cap Rate for Ada County, Idaho5.04%1-3 Floors1950-1979
Current Cap Rate for Waukesha County, Wisconsin6.21%1-3 Floors1950-1979
Current Cap Rate for Richland County, South Carolina7.09%1-3 Floors1980-1999
Current Cap Rate for Pulaski County, Arkansas7.09%1-3 Floors1950-1979
Current Cap Rate for Sarasota County, Florida7.35%1-3 Floors1950-1979
Current Cap Rate for Forsyth County, North Carolina8.71%1-3 Floors1950-1979
Current Cap Rate for Charleston County, South Carolina6.09%1-3 Floors1950-1979
Current Cap Rate for Lehigh County, Pennsylvania7.58%1-3 Floors1949 or older
Current Cap Rate for Washtenaw County, Michigan7.51%1-3 Floors1950-1979
Current Cap Rate for Orleans Parish, Louisiana6.6%1-3 Floors1950-1979
Current Cap Rate for Hamilton County, Tennessee7.75%1-3 Floors1950-1979
Current Cap Rate for Madison County, Alabama7.63%1-3 Floors1980-1999
Current Cap Rate for Luzerne County, Pennsylvania10.48%1-3 Floors1950-1979
Current Cap Rate for St. Louis city, Missouri8.06%1-3 Floors1949 or older
Current Cap Rate for Albany County, New York7.57%1-3 Floors1949 or older
Current Cap Rate for Lorain County, Ohio7.44%1-3 Floors1950-1979
Current Cap Rate for Northampton County, Pennsylvania6.85%1-3 Floors1949 or older
Current Cap Rate for Rockingham County, New Hampshire7.34%1-3 Floors1950-1979
Current Cap Rate for Anchorage Municipality, Alaska5.96%1-3 Floors1980-1999
Current Cap Rate for Cumberland County, Maine6.4%1-3 Floors1949 or older
Current Cap Rate for Horry County, South Carolina7.8%1-3 Floors1980-1999
Current Cap Rate for Chatham County, Georgia7.06%1-3 Floors1950-1979
Current Cap Rate for Norfolk city, Virginia7.41%1-3 Floors1950-1979
Current Cap Rate for Buncombe County, North Carolina6.2%1-3 Floors1950-1979
Current Cap Rate for Weber County, Utah6.34%1-3 Floors1950-1979
Current Cap Rate for Montgomery County, Alabama8.79%1-3 Floors1950-1979
Current Cap Rate for Richmond city, Virginia7.14%1-3 Floors1949 or older
Current Cap Rate for Washington County, Arkansas6.09%1-3 Floors1980-1999
Current Cap Rate for York County, Maine6.63%1-3 Floors1949 or older
Current Cap Rate for Muscogee County, Georgia7.13%1-3 Floors1950-1979
Current Cap Rate for Cabarrus County, North Carolina7.65%1-3 Floors1980-1999
Current Cap Rate for McLean County, Illinois7.26%1-3 Floors1950-1979
Current Cap Rate for Middlesex County, Connecticut7.16%1-3 Floors1950-1979
Current Cap Rate for Davidson County, North Carolina9%1-3 Floors1980-1999
Current Cap Rate for Kenton County, Kentucky8.55%1-3 Floors1949 or older
Current Cap Rate for Chittenden County, Vermont6.94%1-3 Floors1949 or older
Current Cap Rate for Merrimack County, New Hampshire7.69%1-3 Floors1949 or older
Current Cap Rate for Johnson County, Iowa6.86%1-3 Floors1950-1979
Current Cap Rate for Hunterdon County, New Jersey5.75%1-3 Floors2000 or newer
Current Cap Rate for Frederick County, Virginia6.68%1-3 Floors1949 or older
Current Cap Rate for Belknap County, New Hampshire8.28%1-3 Floors1949 or older
Current Cap Rate for Henderson County, Kentucky7.92%1-3 Floors1950-1979

Note: This list above contains median cap rates for the entire county. Cap Rates will be higher or lower for individual properties depending upon the location within the county. Use the Cap Rate Tool to find the cap rate for a specific property.

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