Best Florida cities for rental investing
Florida rental markets ranked by gross rent yield from public data, the higher the yield, the more rent each dollar of property value produces.
Methodology
Rankings are computed from public data: gross rent yield = (median monthly rent × 12) ÷ median home value. Home values and rents come from U.S. Census Bureau American Community Survey figures and county property appraiser / tax collector sources compiled on each city page, every figure is labeled with its geography (city, county, or metro) and linked to its source there. Where a small city has no published figure, the county or metro figure is used and labeled as such.
Gross yield is a screening metric, not a return: it excludes property taxes, insurance, vacancy, maintenance, management, and financing costs. Markets move; figures are updated as new public data is published. This is educational information, not investment advice.
Florida rankings
| # | City | Median home value | Median rent | Gross rent yield | Data geography |
|---|---|---|---|---|---|
| 1 | palm bay, Florida | $283,200 | $1,601/mo | 6.78% | City of Palm Bay |
| 2 | lakeland, Florida | $249,400 | $1,395/mo | 6.71% | City of Lakeland |
| 3 | kissimmee, Florida | $304,400 | $1,647/mo | 6.49% | City of Kissimmee |
| 4 | port st lucie, Florida | $369,200 | $1,937/mo | 6.30% | City of Port St. Lucie |
| 5 | gainesville, Florida | $247,500 | $1,296/mo | 6.28% | City of Gainesville |
| 6 | jacksonville, Florida | $293,700 | $1,465/mo | 5.99% | City of Jacksonville |
| 7 | cape coral, Florida | $373,500 | $1,858/mo | 5.97% | City of Cape Coral |
| 8 | delray beach, Florida | $420,300 | $1,961/mo | 5.60% | City of Delray Beach |
| 9 | pembroke pines, Florida | $439,500 | $2,046/mo | 5.59% | City of Pembroke Pines |
| 10 | clearwater, Florida | $361,300 | $1,658/mo | 5.51% | City of Clearwater |
| 11 | miramar, Florida | $462,700 | $2,117/mo | 5.49% | City of Miramar |
| 12 | st petersburg, Florida | $371,100 | $1,663/mo | 5.38% | City of St. Petersburg |
| 13 | davie, Florida | $462,900 | $2,066/mo | 5.36% | Town of Davie |
| 14 | orlando, Florida | $394,100 | $1,747/mo | 5.32% | City of Orlando |
| 15 | hialeah, Florida | $392,000 | $1,689/mo | 5.17% | City of Hialeah |
| 16 | west palm beach, Florida | $414,200 | $1,772/mo | 5.13% | City of West Palm Beach |
| 17 | fort myers, Florida | $384,500 | $1,580/mo | 4.93% | City of Fort Myers |
| 18 | tampa, Florida | $420,400 | $1,701/mo | 4.86% | City of Tampa |
| 19 | hollywood, Florida | $410,600 | $1,653/mo | 4.83% | City of Hollywood |
| 20 | coral springs, Florida | $545,400 | $2,084/mo | 4.59% | City of Coral Springs |
| 21 | fort lauderdale, Florida | $486,700 | $1,854/mo | 4.57% | City of Fort Lauderdale |
| 22 | boca raton, Florida | $722,700 | $2,508/mo | 4.16% | City of Boca Raton |
| 23 | miami, Florida | $518,100 | $1,758/mo | 4.07% | City of Miami |
| 24 | miami beach, Florida | $556,700 | $1,826/mo | 3.94% | City of Miami Beach |
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