Markets · 50+ US Metros
US Metro Markets
Underwriting data and investor playbooks for the 50 deepest US metro markets — median price, rent, days-on-market, cap rate ranges, top neighborhoods, and ADU / multi-unit zoning notes.
Sunbelt — high-velocity fix & flip
PhoenixAZ
$420k – $460k median price
Top-3 US fix-and-flip metro by transaction volume; strong Sunbelt rental demand.
Fix & FlipBRRRRADU
AtlantaGA
$385k – $420k median price
Top-5 US flip metro; deep institutional-scale comp inventory.
Fix & FlipBRRRRMulti-Unit Conversion
DallasTX
$385k – $425k median price
Institutional-scale Sunbelt market; deep BRRRR comp inventory.
BRRRRFix & FlipMulti-Unit Conversion
HoustonTX
$340k – $375k median price
Permissive zoning, large multi-unit conversion universe.
Multi-Unit ConversionBRRRRFix & Flip
TampaFL
$380k – $420k median price
Hot retail-buyer market with rapid days-on-market.
Fix & FlipBRRRRADU
CharlotteNC
$385k – $425k median price
Banking-driven employment; strong B-class rental demand.
BRRRRFix & FlipAddition
NashvilleTN
$430k – $475k median price
Top-decile rent growth; tight permitting; flip-friendly retail demand.
Fix & FlipAdditionBRRRR
San AntonioTX
$285k – $325k median price
Low-basis Sunbelt BRRRR; military anchor; multi-unit-friendly.
BRRRRFix & FlipMulti-Unit Conversion
JacksonvilleFL
$295k – $335k median price
Low-basis Florida BRRRR; military + healthcare anchor.
BRRRRFix & FlipADU
RaleighNC
$425k – $475k median price
Research Triangle anchor; strong B-class rental demand.
Fix & FlipBRRRRAddition
OrlandoFL
$385k – $425k median price
Tourism + family-buyer driven; mid-cycle Sunbelt flip market.
Fix & FlipBRRRRADU
MiamiFL
$565k – $645k median price
International-buyer driven; hot retail flip market; insurance-heavy.
Fix & FlipAdditionBRRRR
Fort LauderdaleFL
$465k – $525k median price
South Florida secondary; international + retiree buyer demand.
Fix & FlipAdditionBRRRR
Las VegasNV
$425k – $475k median price
Hot retail flip market; rapid DOM; new-construction-adjacent comps.
Fix & FlipBRRRRADU
TucsonAZ
$315k – $355k median price
Phoenix-adjacent low-basis market; University of Arizona anchor.
BRRRRFix & FlipADU
New OrleansLA
$285k – $325k median price
Tourism + healthcare anchor; deep shotgun + Creole cottage stock.
Fix & FlipMulti-Unit ConversionBRRRR
West / California — ADU and addition-led
Los AngelesCA
$915k – $1.05M median price
ADU-first market under California state law; high-margin small-multifamily plays.
ADUMulti-Unit ConversionAddition
San DiegoCA
$895k – $995k median price
ADU-first; supply-constrained market with persistent appreciation.
ADUMulti-Unit ConversionFix & Flip
SacramentoCA
$525k – $585k median price
California ADU framework; Bay Area refugee migration tailwind.
ADUFix & FlipBRRRR
FresnoCA
$385k – $425k median price
Cheapest California metro; agricultural + healthcare anchor.
BRRRRADUFix & Flip
BakersfieldCA
$365k – $405k median price
Lowest-basis California metro; oil + agriculture anchor.
BRRRRADUFix & Flip
SeattleWA
$795k – $895k median price
ADU-permissive (DADU) market; tech employment + supply constraint.
ADUAdditionMulti-Unit Conversion
PortlandOR
$525k – $595k median price
Middle-housing legalized state-wide; multi-unit conversion-first market.
Multi-Unit ConversionADUFix & Flip
SpokaneWA
$355k – $395k median price
Inland Northwest secondary; Seattle-migration tailwind.
BRRRRFix & FlipADU
DenverCO
$555k – $625k median price
ADU-permissive; tech in-migration tailwind; cooling flip market.
ADUAdditionBRRRR
Salt Lake CityUT
$525k – $595k median price
ADU-permissive; tech in-migration; mountain-supply-constrained.
ADUFix & FlipAddition
BoiseID
$465k – $515k median price
California-migration tailwind; small market with rapid DOM.
Fix & FlipBRRRRADU
RenoNV
$485k – $545k median price
California-migration tailwind; tech + logistics employment.
Fix & FlipBRRRRADU
Midwest — low-basis BRRRR
IndianapolisIN
$215k – $245k median price
Low-basis Midwest BRRRR market with strong cash flow.
BRRRRFix & FlipMulti-Unit Conversion
ColumbusOH
$265k – $305k median price
Low-basis Midwest BRRRR; tech in-migration tailwind.
BRRRRFix & FlipMulti-Unit Conversion
Kansas CityMO
$245k – $285k median price
Low-basis Midwest BRRRR; bi-state market with deep inventory.
BRRRRFix & FlipMulti-Unit Conversion
ClevelandOH
$145k – $185k median price
Lowest-basis Midwest BRRRR; deep distressed pipeline.
BRRRRMulti-Unit ConversionFix & Flip
DetroitMI
$95k – $145k median price
Deep distressed inventory; high cap rate + operational complexity.
BRRRRFix & Flip
MinneapolisMN
$345k – $395k median price
Multi-unit conversion-friendly; tech + healthcare anchor.
Multi-Unit ConversionBRRRRAddition
ChicagoIL
$325k – $385k median price
Deep two-flat / three-flat stock; multi-unit-conversion friendly.
Multi-Unit ConversionBRRRRFix & Flip
MilwaukeeWI
$185k – $225k median price
Deep duplex stock; sub-$200k BRRRR entry; lower competition.
BRRRRMulti-Unit ConversionFix & Flip
OmahaNE
$265k – $295k median price
Low-basis Plains BRRRR; insurance + financial services anchor.
BRRRRFix & Flip
LouisvilleKY
$235k – $275k median price
Low-basis Midwest BRRRR; manageable Fix & Flip exit market.
BRRRRFix & FlipMulti-Unit Conversion
South-Central / Plains
MemphisTN
$165k – $195k median price
Deep distressed inventory; established rental operator base.
BRRRRFix & Flip
BirminghamAL
$185k – $215k median price
Low-basis Sunbelt BRRRR with strong cap rates.
BRRRRFix & Flip
Oklahoma CityOK
$215k – $255k median price
Low-basis Plains BRRRR; energy + military anchor.
BRRRRFix & Flip
TulsaOK
$215k – $255k median price
Low-basis Plains BRRRR; energy anchor; remote-worker tailwind.
BRRRRFix & Flip
AlbuquerqueNM
$285k – $325k median price
Low-basis Southwest BRRRR; Sandia + UNM anchor.
BRRRRFix & FlipADU
Northeast / Mid-Atlantic
PhiladelphiaPA
$255k – $295k median price
Deep rowhouse stock; sub-$300k entry; multi-unit conversion friendly.
BRRRRFix & FlipMulti-Unit Conversion
BaltimoreMD
$215k – $255k median price
Low-basis rowhouse market; deep distressed inventory.
BRRRRFix & Flip
PittsburghPA
$215k – $255k median price
Low-basis Northeast BRRRR; education + healthcare anchor.
BRRRRFix & FlipMulti-Unit Conversion
BostonMA
$685k – $785k median price
High-margin multi-unit conversion + addition market; education / healthcare anchor.
Multi-Unit ConversionAdditionADU
ProvidenceRI
$385k – $425k median price
Small Northeast market; deep triple-decker stock; education anchor.
Multi-Unit ConversionBRRRRFix & Flip
BuffaloNY
$195k – $225k median price
Lowest-basis Northeast market; deep duplex inventory.
BRRRRMulti-Unit ConversionFix & Flip
New York City (Outer Boroughs)NY
$685k – $895k median price
Multi-family + brownstone-conversion market; rent stabilization is the dominant variable.
Multi-Unit ConversionFix & FlipAddition
WashingtonDC
$625k – $725k median price
Federal employment anchor; multi-unit conversion-friendly under R-3 / R-4.
Multi-Unit ConversionFix & FlipAddition
RichmondVA
$345k – $385k median price
Mid-cycle Mid-Atlantic flip + BRRRR market.
Fix & FlipBRRRRMulti-Unit Conversion
How DealIntel selects covered metros
Coverage prioritizes the 50 US metros with the deepest residential investor activity by transaction volume — measured against MLS data, hard-money origination volume, and DSCR refinance volume. Every covered metro has comp depth sufficient for institutional underwriting and a documented regulatory environment for ADU, multi-unit, and short-term-rental strategies.
Coverage explicitly excludes ultra-tertiary markets (population under 250,000), markets with insufficient distressed-deal flow for institutional operators, and resort / vacation-only markets where year-round rental demand is structurally seasonal. For those use cases, DealIntel can still underwrite a specific address but the platform does not maintain a curated playbook.
Continue from here
- Six-strategy underwriting engineStrategyHow each metro's top strategies are evaluated on every deal.
- ARV calculatorToolCompute After Repair Value from confidence-weighted comps in any covered metro.
- BRRRR calculatorToolFull Buy-Rehab-Rent-Refinance-Repeat model with cash-recovery and infinite-return check.
- Cap rate explainedGlossaryAsset-class ranges, formula, worked example — anchors the cap-rate numbers shown on each metro page.
- Hard money vs DSCR for BRRRRBlogFinancing comparison for the dominant strategy across most low-basis metros.
- About DealIntelReferenceWhy the platform exists and how the underwriting team builds the metro data.
Reviewed by
DealIntel Research
Underwriting and Real Estate Research Team
DealIntel's underwriting team builds and maintains the platform's six-strategy engine, 25-point kill list, and Monte-Carlo financial model. Every piece of long-form content on dealintel.io is reviewed by an underwriter with direct experience scoring residential investment deals.
Last reviewed: 2026-05