Parcl Labs calculated the "gross yield" in America's largest single-family rental markets

"Gross yield is determined by dividing the annual median rental income by the median price of new listings for sale (cost of acquisition). We calculate annual median rental income by multiplying the monthly median price of new rental listings by 12," says Jason Lewris, co-founder of Parcl Labs

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This "gross yield" metric represents the annual return on investment before any deductions for expenses, taxes, or other associated costs are made. A higher gross yield indicates a greater potential for investor returns. Parcl Labs used January 2024 data.

Chart: Lance LambertSource: Parcl LabsCreated with Datawrapper