Rental numbers: August 2026
The month in numbers
Across the 8,384 ZIP codes where Zillow publishes both a value and a rent, the median gross yield rose from 5.59% in July 2026 to 5.62% in August 2026. The typical home in those ZIPs is valued at $386,000 and rents for $1,824 a month.
At the 7.78% investor rate (Freddie Mac 7.03% for the week of 24 September 2026, plus 0.75 point) and 25% down, 2.9% of those ZIPs cash-flow on the typical home. A rate half a point lower would lift that to 3.4%, and a full point lower to 4.0%. Over the past year rents grew faster than prices in 74% of them.
Biggest yield gains
July 2026 to August 2026
| ZIP | Last month | This month | Change | Typical price | Rent |
|---|---|---|---|---|---|
| 37915Knoxville, TN | 11.08% | 11.87% | +0.79 pts | $200,000 | $1,976 |
| 39701Columbus, MS | 12.32% | 13.10% | +0.78 pts | $108,000 | $1,177 |
| 19022Crum Lynne, PA | 8.46% | 9.18% | +0.72 pts | $195,000 | $1,492 |
| 15902Johnstown, PA | 20.10% | 20.78% | +0.68 pts | $52,000 | $895 |
| 76301Wichita Falls, TX | 14.35% | 15.03% | +0.68 pts | $82,000 | $1,022 |
| 13850Vestal, NY | 9.32% | 9.99% | +0.67 pts | $263,000 | $2,186 |
| 35020Bessemer, AL | 21.59% | 22.26% | +0.67 pts | $65,000 | $1,203 |
| 19140Philadelphia, PA | 15.51% | 16.16% | +0.65 pts | $100,000 | $1,344 |
| 39705Columbus, MS | 9.58% | 10.23% | +0.65 pts | $231,000 | $1,972 |
| 33980Port Charlotte, FL | 7.94% | 8.56% | +0.62 pts | $250,000 | $1,787 |
Biggest yield declines
| ZIP | Last month | This month | Change | Typical price | Rent |
|---|---|---|---|---|---|
| 35224McDonald Chapel, AL | 21.06% | 20.13% | -0.93 pts | $71,000 | $1,198 |
| 71202Monroe, LA | 15.02% | 14.17% | -0.85 pts | $63,000 | $749 |
| 19132Philadelphia, PA | 23.82% | 23.06% | -0.76 pts | $75,000 | $1,450 |
| 46407Gary, IN | 24.51% | 23.76% | -0.75 pts | $62,000 | $1,219 |
| 14605Rochester, NY | 15.21% | 14.47% | -0.74 pts | $102,000 | $1,225 |
| 13126Oswego, NY | 9.07% | 8.33% | -0.74 pts | $194,000 | $1,344 |
| 64127Kansas City, MO | 18.38% | 17.67% | -0.71 pts | $92,000 | $1,350 |
| 38108Memphis, TN | 18.94% | 18.26% | -0.68 pts | $72,000 | $1,103 |
| 16146Sharon, PA | 14.74% | 14.08% | -0.66 pts | $77,000 | $906 |
| 64120Kansas City, MO | 21.71% | 21.10% | -0.61 pts | $89,000 | $1,561 |
ZIPs whose value moved more than 5% or rent more than 8% in a single month are left out of both tables: a jump that size in a smoothed index is usually a data artefact.
States
Median gross yield, tier A ZIPs
| Highest yield | Yield | Change |
|---|---|---|
| Mississippi | 7.67% | -0.06 pts |
| Louisiana | 7.32% | +0.10 pts |
| Oklahoma | 7.23% | +0.06 pts |
| Alabama | 7.18% | +0.07 pts |
| West Virginia | 7.09% | -0.20 pts |
| Illinois | 7.00% | -0.02 pts |
| Florida | 6.85% | +0.03 pts |
| Ohio | 6.80% | -0.05 pts |
| Biggest monthly rise | Yield | Change |
|---|---|---|
| North Dakota | 4.58% | +0.22 pts |
| Maryland | 5.76% | +0.14 pts |
| Arkansas | 6.04% | +0.11 pts |
| Louisiana | 7.32% | +0.10 pts |
| Nebraska | 5.66% | +0.09 pts |
| Texas | 6.46% | +0.08 pts |
| Tennessee | 5.70% | +0.08 pts |
| New Mexico | 5.59% | +0.08 pts |
Best cash flow this month
| ZIP | Typical price | Rent | Gross yield | Cash flow /mo |
|---|---|---|---|---|
| 33066Coconut Creek, FL | $199,000 | $2,707 | 16.4% | +$713 |
| 33484Delray Beach, FL | $200,000 | $2,693 | 16.1% | +$702 |
| 21205Baltimore, MD | $107,000 | $1,852 | 20.9% | +$675 |
| 33442Deerfield Beach, FL | $182,000 | $2,551 | 16.8% | +$668 |
| 19132Philadelphia, PA | $75,000 | $1,450 | 23.1% | +$621 |
| 19133Philadelphia, PA | $85,000 | $1,492 | 21.1% | +$597 |
| 21217Baltimore, MD | $95,000 | $1,583 | 20.1% | +$568 |
| 45402Dayton, OH | $79,000 | $1,443 | 21.9% | +$564 |
| 25306Charleston, WV | $96,000 | $1,495 | 18.7% | +$545 |
| 48227Detroit, MI | $70,000 | $1,370 | 23.3% | +$541 |
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- NAIC Homeowners Insurance Report, data for 2023
National Association of Insurance Commissioners. Read: 2023.
Average HO-3 homeowners premium by state, multiplied by 1.2 as a landlord-policy assumption.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.