Cap Rates by County for Apartment Buildings in the 200 Largest Counties

Below is a list of average cap rates categorized by county for select property types. Keep in mind that cap rates for specific properties may be higher or lower than the average in their area. Read more about how a current cap rate is determined.

CountyAverage Cap RateProperty TypeYear Built
Current Cap Rate for Los Angeles County, California5%1-3 Floors1950-1979
Current Cap Rate for Cook County, Illinois6.72%1-3 Floors1949 or older
Current Cap Rate for Harris County, Texas7.09%1-3 Floors1950-1979
Current Cap Rate for Maricopa County, Arizona6.77%1-3 Floors1950-1979
Current Cap Rate for San Diego County, California5.79%1-3 Floors1950-1979
Current Cap Rate for Orange County, California5.21%1-3 Floors1950-1979
Current Cap Rate for Kings County, New York6.34%1-3 Floors1949 or older
Current Cap Rate for Miami-Dade County, Florida6.75%1-3 Floors1950-1979
Current Cap Rate for Dallas County, Texas7.26%1-3 Floors1950-1979
Current Cap Rate for Queens County, New York5%1-3 Floors1949 or older
Current Cap Rate for Riverside County, California6.63%1-3 Floors1950-1979
Current Cap Rate for San Bernardino County, California6.84%1-3 Floors1950-1979
Current Cap Rate for Clark County, Nevada7.33%1-3 Floors1950-1979
Current Cap Rate for King County, Washington5.57%1-3 Floors1950-1979
Current Cap Rate for Wayne County, Michigan7.96%1-3 Floors1949 or older
Current Cap Rate for Tarrant County, Texas6.99%1-3 Floors1980-1999
Current Cap Rate for Santa Clara County, California5.61%1-3 Floors1950-1979
Current Cap Rate for Broward County, Florida6.88%1-3 Floors1950-1979
Current Cap Rate for Bexar County, Texas6.84%1-3 Floors1950-1979
Current Cap Rate for New York County, New York5.57%1-3 Floors1949 or older
Current Cap Rate for Philadelphia County, Pennsylvania6.36%1-3 Floors1949 or older
Current Cap Rate for Alameda County, California5.36%1-3 Floors1950-1979
Current Cap Rate for Middlesex County, Massachusetts5.75%1-3 Floors1949 or older
Current Cap Rate for Suffolk County, New York6.47%1-3 Floors1949 or older
Current Cap Rate for Sacramento County, California6.19%1-3 Floors1950-1979
Current Cap Rate for Bronx County, New York6.63%1-3 Floors1949 or older
Current Cap Rate for Nassau County, New York6.61%1-3 Floors1950-1979
Current Cap Rate for Palm Beach County, Florida6.14%1-3 Floors1950-1979
Current Cap Rate for Cuyahoga County, Ohio7.71%1-3 Floors1949 or older
Current Cap Rate for Hillsborough County, Florida7.14%1-3 Floors1980-1999
Current Cap Rate for Allegheny County, Pennsylvania7.24%1-3 Floors1949 or older
Current Cap Rate for Oakland County, Michigan7.47%1-3 Floors1950-1979
Current Cap Rate for Franklin County, Ohio7.29%1-3 Floors1950-1979
Current Cap Rate for Hennepin County, Minnesota7.33%1-3 Floors1950-1979
Current Cap Rate for Orange County, Florida6.81%1-3 Floors1950-1979
Current Cap Rate for Fairfax County, Virginia6.22%1-3 Floors1950-1979
Current Cap Rate for Contra Costa County, California6.34%1-3 Floors1950-1979
Current Cap Rate for Salt Lake County, Utah5.52%1-3 Floors2000 or newer
Current Cap Rate for Travis County, Texas6.13%1-3 Floors1950-1979
Current Cap Rate for St. Louis County, Missouri6.48%1-3 Floors1950-1979
Current Cap Rate for Pima County, Arizona7.48%1-3 Floors1950-1979
Current Cap Rate for Montgomery County, Maryland5.87%1-3 Floors1949 or older
Current Cap Rate for Honolulu County, Hawaii6.39%1-3 Floors1950-1979
Current Cap Rate for Westchester County, New York6.53%1-3 Floors1950-1979
Current Cap Rate for Milwaukee County, Wisconsin7.12%1-3 Floors1949 or older
Current Cap Rate for Fresno County, California7.02%1-3 Floors1950-1979
Current Cap Rate for Shelby County, Tennessee7.62%1-3 Floors1950-1979
Current Cap Rate for Fulton County, Georgia7.25%1-3 Floors1950-1979
Current Cap Rate for Mecklenburg County, North Carolina6.79%1-3 Floors1950-1979
Current Cap Rate for Erie County, New York7.83%1-3 Floors1949 or older
Current Cap Rate for DuPage County, Illinois6.79%1-3 Floors1949 or older
Current Cap Rate for Fairfield County, Connecticut6.97%1-3 Floors1949 or older
Current Cap Rate for Pinellas County, Florida7.24%1-3 Floors1950-1979
Current Cap Rate for Bergen County, New Jersey6.72%1-3 Floors1950-1979
Current Cap Rate for Marion County, Indiana7.61%1-3 Floors1950-1979
Current Cap Rate for Wake County, North Carolina6.91%1-3 Floors1950-1979
Current Cap Rate for Hartford County, Connecticut7.91%1-3 Floors1949 or older
Current Cap Rate for Duval County, Florida6.97%1-3 Floors1950-1979
Current Cap Rate for Prince George's County, Maryland6.11%1-3 Floors1980-1999
Current Cap Rate for New Haven County, Connecticut7.78%1-3 Floors1949 or older
Current Cap Rate for Macomb County, Michigan8.14%1-3 Floors1950-1979
Current Cap Rate for Kern County, California6.46%1-3 Floors1950-1979
Current Cap Rate for Ventura County, California6.52%1-3 Floors1950-1979
Current Cap Rate for Middlesex County, New Jersey6.61%1-3 Floors1949 or older
Current Cap Rate for Gwinnett County, Georgia7.42%1-3 Floors1950-1979
Current Cap Rate for San Francisco County, California3.68%1-3 Floors1949 or older
Current Cap Rate for Baltimore County, Maryland6.25%1-3 Floors1950-1979
Current Cap Rate for Hamilton County, Ohio7.57%1-3 Floors1950-1979
Current Cap Rate for El Paso County, Texas7.57%1-3 Floors1950-1979
Current Cap Rate for Montgomery County, Pennsylvania6.97%1-3 Floors1949 or older
Current Cap Rate for Worcester County, Massachusetts6.76%1-3 Floors1949 or older
Current Cap Rate for Pierce County, Washington5.73%1-3 Floors1950-1979
Current Cap Rate for Essex County, New Jersey6.88%1-3 Floors1949 or older
Current Cap Rate for Collin County, Texas7.15%1-3 Floors2000 or newer
Current Cap Rate for Hidalgo County, Texas6.95%1-3 Floors1980-1999
Current Cap Rate for Monroe County, New York7.21%1-3 Floors1980-1999
Current Cap Rate for Essex County, Massachusetts6.4%1-3 Floors1949 or older
Current Cap Rate for Jefferson County, Kentucky7.66%1-3 Floors1949 or older
Current Cap Rate for Multnomah County, Oregon6.81%1-3 Floors1950-1979
Current Cap Rate for Suffolk County, Massachusetts6.3%1-3 Floors1949 or older
Current Cap Rate for Oklahoma County, Oklahoma6.91%1-3 Floors1950-1979
Current Cap Rate for San Mateo County, California6.77%1-3 Floors1950-1979
Current Cap Rate for Snohomish County, Washington6.64%1-3 Floors1980-1999
Current Cap Rate for Lake County, Illinois6.7%1-3 Floors1980-1999
Current Cap Rate for DeKalb County, Georgia7.4%1-3 Floors1950-1979
Current Cap Rate for Cobb County, Georgia6.84%1-3 Floors1950-1979
Current Cap Rate for San Joaquin County, California6.42%1-3 Floors1950-1979
Current Cap Rate for Will County, Illinois7%1-3 Floors1949 or older
Current Cap Rate for Jackson County, Missouri7.01%1-3 Floors1949 or older
Current Cap Rate for Norfolk County, Massachusetts6.61%1-3 Floors1950-1979
Current Cap Rate for Denton County, Texas6.54%1-3 Floors1980-1999
Current Cap Rate for Bernalillo County, New Mexico7.08%1-3 Floors1950-1979
Current Cap Rate for Jefferson County, Alabama7.01%1-3 Floors1950-1979
Current Cap Rate for Hudson County, New Jersey5.19%1-3 Floors1950-1979
Current Cap Rate for Monmouth County, New Jersey7.2%1-3 Floors1950-1979
Current Cap Rate for Davidson County, Tennessee7.14%1-3 Floors1950-1979
Current Cap Rate for Providence County, Rhode Island7.3%1-3 Floors1949 or older
Current Cap Rate for Bucks County, Pennsylvania6.85%1-3 Floors1950-1979
Current Cap Rate for El Paso County, Colorado6.48%1-3 Floors2000 or newer
Current Cap Rate for Baltimore city, Maryland7.53%1-3 Floors1949 or older
Current Cap Rate for Lee County, Florida8.23%1-3 Floors1980-1999
Current Cap Rate for Tulsa County, Oklahoma8.48%1-3 Floors1950-1979
Current Cap Rate for Kent County, Michigan7.54%1-3 Floors1950-1979
Current Cap Rate for Polk County, Florida7.62%1-3 Floors1950-1979
Current Cap Rate for District of Columbia, District of Columbia7.43%1-3 Floors1949 or older
Current Cap Rate for Denver County, Colorado7.06%1-3 Floors1950-1979
Current Cap Rate for Fort Bend County, Texas6.8%1-3 Floors1980-1999
Current Cap Rate for Ocean County, New Jersey6.56%1-3 Floors1950-1979
Current Cap Rate for Arapahoe County, Colorado6.5%1-3 Floors1950-1979
Current Cap Rate for Delaware County, Pennsylvania6.36%1-3 Floors1949 or older
Current Cap Rate for Bristol County, Massachusetts6.25%1-3 Floors1949 or older
Current Cap Rate for Johnson County, Kansas6.8%1-3 Floors1980-1999
Current Cap Rate for Brevard County, Florida7.05%1-3 Floors1950-1979
Current Cap Rate for Summit County, Ohio7.09%1-3 Floors1950-1979
Current Cap Rate for New Castle County, Delaware6.67%1-3 Floors1949 or older
Current Cap Rate for Anne Arundel County, Maryland6.32%1-3 Floors2000 or newer
Current Cap Rate for Union County, New Jersey6.39%1-3 Floors1949 or older
Current Cap Rate for Montgomery County, Ohio7.1%1-3 Floors1950-1979
Current Cap Rate for Jefferson County, Colorado7.02%1-3 Floors1950-1979
Current Cap Rate for Washington County, Oregon7.25%1-3 Floors1950-1979
Current Cap Rate for Lancaster County, Pennsylvania6.39%1-3 Floors1949 or older
Current Cap Rate for Douglas County, Nebraska6.7%1-3 Floors1950-1979
Current Cap Rate for Utah County, Utah6.89%1-3 Floors1950-1979
Current Cap Rate for Kane County, Illinois7.18%1-3 Floors1980-1999
Current Cap Rate for Stanislaus County, California6.56%1-3 Floors1980-1999
Current Cap Rate for Camden County, New Jersey6.41%1-3 Floors1950-1979
Current Cap Rate for Ramsey County, Minnesota7.17%1-3 Floors2000 or newer
Current Cap Rate for Passaic County, New Jersey6.65%1-3 Floors1949 or older
Current Cap Rate for Chester County, Pennsylvania7.1%1-3 Floors1950-1979
Current Cap Rate for Sedgwick County, Kansas6.97%1-3 Floors1950-1979
Current Cap Rate for Lake County, Indiana8.12%1-3 Floors1949 or older
Current Cap Rate for Plymouth County, Massachusetts6.37%1-3 Floors1949 or older
Current Cap Rate for Volusia County, Florida7.7%1-3 Floors1950-1979
Current Cap Rate for Morris County, New Jersey7.2%1-3 Floors1949 or older
Current Cap Rate for Guilford County, North Carolina6.77%1-3 Floors1950-1979
Current Cap Rate for Dane County, Wisconsin6.72%1-3 Floors1950-1979
Current Cap Rate for Sonoma County, California7.04%1-3 Floors1980-1999
Current Cap Rate for Spokane County, Washington7.41%1-3 Floors1980-1999
Current Cap Rate for Richmond County, New York6.69%1-3 Floors1950-1979
Current Cap Rate for Onondaga County, New York6.9%1-3 Floors1949 or older
Current Cap Rate for Pasco County, Florida7.1%1-3 Floors1950-1979
Current Cap Rate for Hampden County, Massachusetts6.86%1-3 Floors1949 or older
Current Cap Rate for Montgomery County, Texas6.96%1-3 Floors2000 or newer
Current Cap Rate for Greenville County, South Carolina6.91%1-3 Floors1950-1979
Current Cap Rate for Burlington County, New Jersey6.81%1-3 Floors1949 or older
Current Cap Rate for Tulare County, California6.93%1-3 Floors1950-1979
Current Cap Rate for Lucas County, Ohio7.5%1-3 Floors1950-1979
Current Cap Rate for Adams County, Colorado6.98%1-3 Floors1950-1979
Current Cap Rate for East Baton Rouge Parish, Louisiana6.62%1-3 Floors2000 or newer
Current Cap Rate for Virginia Beach city, Virginia6.25%1-3 Floors1950-1979
Current Cap Rate for York County, Pennsylvania6.87%1-3 Floors1949 or older
Current Cap Rate for Jefferson Parish, Louisiana6.26%1-3 Floors1980-1999
Current Cap Rate for Knox County, Tennessee6.52%1-3 Floors2000 or newer
Current Cap Rate for Polk County, Iowa7.24%1-3 Floors1949 or older
Current Cap Rate for Genesee County, Michigan7.78%1-3 Floors1950-1979
Current Cap Rate for Clark County, Washington7.06%1-3 Floors1950-1979
Current Cap Rate for Santa Barbara County, California6.55%1-3 Floors1950-1979
Current Cap Rate for Seminole County, Florida6.97%1-3 Floors2000 or newer
Current Cap Rate for Williamson County, Texas6.99%1-3 Floors1950-1979
Current Cap Rate for Washoe County, Nevada7.81%1-3 Floors1950-1979
Current Cap Rate for Monterey County, California6.39%1-3 Floors1950-1979
Current Cap Rate for Solano County, California6.13%1-3 Floors1950-1979
Current Cap Rate for Mobile County, Alabama6.75%1-3 Floors1949 or older
Current Cap Rate for Berks County, Pennsylvania7.32%1-3 Floors1949 or older
Current Cap Rate for Cameron County, Texas6.73%1-3 Floors1949 or older
Current Cap Rate for Prince William County, Virginia6.28%1-3 Floors2000 or newer
Current Cap Rate for Hillsborough County, New Hampshire7.08%1-3 Floors1950-1979
Current Cap Rate for Dakota County, Minnesota6.41%1-3 Floors2000 or newer
Current Cap Rate for Ada County, Idaho5.75%1-3 Floors1950-1979
Current Cap Rate for Waukesha County, Wisconsin7.34%1-3 Floors2000 or newer
Current Cap Rate for Richland County, South Carolina7.35%1-3 Floors1980-1999
Current Cap Rate for Pulaski County, Arkansas8.39%1-3 Floors1950-1979
Current Cap Rate for Sarasota County, Florida7.95%1-3 Floors1950-1979
Current Cap Rate for Clackamas County, Oregon7.64%1-3 Floors1950-1979
Current Cap Rate for Pinal County, Arizona6.81%1-3 Floors1980-1999
Current Cap Rate for Stark County, Ohio7.59%1-3 Floors1980-1999
Current Cap Rate for Orange County, New York7.1%1-3 Floors1949 or older
Current Cap Rate for Butler County, Ohio6.62%1-3 Floors1949 or older
Current Cap Rate for Mercer County, New Jersey6.24%1-3 Floors1949 or older
Current Cap Rate for Westmoreland County, Pennsylvania8.24%1-3 Floors1949 or older
Current Cap Rate for St. Charles County, Missouri6.82%1-3 Floors1949 or older
Current Cap Rate for Allen County, Indiana7.4%1-3 Floors1950-1979
Current Cap Rate for Lane County, Oregon6.95%1-3 Floors1950-1979
Current Cap Rate for Forsyth County, North Carolina7.35%1-3 Floors1950-1979
Current Cap Rate for Charleston County, South Carolina6.26%1-3 Floors1980-1999
Current Cap Rate for Lehigh County, Pennsylvania6.92%1-3 Floors1949 or older
Current Cap Rate for Placer County, California7.15%1-3 Floors1950-1979
Current Cap Rate for Washtenaw County, Michigan7.3%1-3 Floors1950-1979
Current Cap Rate for Orleans Parish, Louisiana7.09%1-3 Floors1949 or older
Current Cap Rate for Nueces County, Texas7.14%1-3 Floors1950-1979
Current Cap Rate for Hamilton County, Tennessee8.32%1-3 Floors1950-1979
Current Cap Rate for Madison County, Alabama6.75%1-3 Floors1980-1999
Current Cap Rate for Marion County, Florida8.74%1-3 Floors1950-1979
Current Cap Rate for Anoka County, Minnesota6.2%1-3 Floors1950-1979
Current Cap Rate for Somerset County, New Jersey6.94%1-3 Floors1949 or older
Current Cap Rate for Manatee County, Florida7.61%1-3 Floors2000 or newer
Current Cap Rate for Collier County, Florida8.58%1-3 Floors1980-1999
Current Cap Rate for Luzerne County, Pennsylvania6.99%1-3 Floors1950-1979
Current Cap Rate for Cumberland County, North Carolina7.15%1-3 Floors1950-1979
Current Cap Rate for St. Louis city, Missouri7.42%1-3 Floors1949 or older

Note: This list above contains average 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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