OCTAVO · MONTHLY INDEX

The 1% Rule Index

Where rentals still cash-flow. Ranked by the share of for-sale listings whose estimated monthly rent clears the 1% rule.

1. 1Cleveland▲ 6.4%39.5%
2. 2Memphis▲ 6.5%29.6%
3. 3Birmingham▲ 5.9%27.9%
4. 4Chicago▲ 1%23%
5. 5Kansas City▲ 2.3%14.3%
6. 6Indianapolis▲ 2.7%12.3%
7. 7Tampa▼ 1.7%11.8%
8. 8Columbus▼ 0.8%7.9%
9. 9San Antonio▲ 0.3%6.3%
10. 10Houston▲ 0.1%5.8%
11. 11Atlanta▲ 0.7%4.7%
12. 12Los Angeles▼ 0.1%0.9%

Method: for each metro we estimate rent for every active for-sale listing and count those whose rent meets or exceeds 1% of list price. Higher is better. Browse all markets →