Average ROI of Real Estate

Last Updated: November 16, 2024

Highlights. The average real estate return on investment (ROI) improved significantly in 2024 bringing 10-year annualized returns up to 4.00%.

  • The average American home had a 10-year ROI of 41.7% in 2023; for a home purchased in 2003, the ROI was 83.9%.
  • Low-rise apartment buildings are among the most lucrative property investments with an average 9.0% 1-year ROI.
  • Commercial real estate prices were 8.93% lower at the start of 2024 than they were in early 2023.
  • The average U.S. home sales price increased 14.2% in the first half of 2024; the average sales prices for single-family homes increased 13.1%.

Jump to a state: AL | AK | AZ | AR | CA | CO | CT | DE | DC | FL | GA | GU | HI | ID | IL | IN | IA | KS | KY | LA | ME | MD | MA | MI | MN | MS | MO | MT | NE | NV | NH | NJ | NM | NY | NC | ND | MP | OH | OK | OR | PA | PR | RI | SC | SD | TN | TX | UT | VT | VA | VI | WA | WV | WI | WY

Largest Average One-Year Returns on Real Estate Property Investments
Property Type 1-Year ROI
Average Industrial 9.50%
Low-Rise Apartments 9.00%
Multi-Family Home 7.60%
Average Residential 7.50%
New Single Family Home 1.32%

Real Estate Investment Properties

Real estate is generally categorized as either residential or commercial property. Residential real estate is the more conservative investment, offering consistently fair returns.

  • The U.S. real estate investment property market was worth $881.040 billion at the end of 2023.
  • The industrial investment property market has the highest value ($299.138 billion), representing 34.0% of all investment properties.
  • Industrial property and low-rise apartment buildings have the highest annual ROI at 9.5% and 9.0%, respectively.
  • Mid- and high-rise apartments of the type only found in cities currently offer the lowest 1-year ROI at -9.0%.
  • Large hotels currently offer the second lowest 1-year ROI of any real estate investment with an average loss of 7.2%.

Bar graph: Average Residential Real Estate Investment Property 1-Year Returns

Commercial Real Estate

Commercial real estate includes office buildings, retail spaces, hotels, warehouses, and anywhere else business is the primary purpose. Large apartment complexes that include office space may be considered flex or commercial real estate.

  • The average commercial property has a 10-year ROI of 67.9% as of October 2024; the 20-year ROI is 351%.
  • Retail property had a 30-year compound annual (CA)ROI of 9.35% between 1983 and 2012.
  • Apartment complexes, large and small, had a 30-year CAROI of 9.25% while hotels had a 7.46% CAROI.
  • Office buildings had a 6.63% CAROI over 30 years.
  • The value of office property declined 8.0% YoY as of October 2024.
  • Timber lands have seen the largest growth rates in recent years, increasing in value at a compound quarterly rate of 3.95%.

Bar graph: Average Commercial Real Estate Investment Property 1-Year Returns

Residential Real Estate

Residential real estate includes single family homes, multi-family homes, apartment buildings, and condominiums.

  • To maintain the average single-family home, an average annual cost is $10,225. equivalent to 2.5% of its value.
  • In 2023, the average home had a 10-year ROI of 31.8%; the 20-year ROI was 184%.
  • U.S. homes had the largest ROIs of the 21st century in 2022; the 10-year ROI was  36.2%; the 20-year ROI was 208%.
  • The average home owners hold on to their property for 8.17 years.
  • Apartment property values increased 12.0% YoY as in October 2024.
  • Smaller apartment buildings and multi-family homes offer a significantly better return than large complexes. 
  • Suburban homes offer significantly better returns than urban homes.
  • Vacation rentals and Airbnbs may be considered residential real estate for tax and zoning purposes.
Average One-Year Returns on Residential Property Investments
Property Type 1-Year ROI
Garden/Low-Rise Apartments 9.00%
Multi-Family Home 7.60%
Average Residential Property 7.50%
New Single Family Home 1.32%
Average Single Family Home 0.07%
Average Apartment Building -0.90%
Mid- or High-Rise Apartments -9.00%

Short-Term Rental

Vacation homes and Airbnbs rent for higher prices than long-term apartments. Some of that is due to additional wear and tear, which drives up operating costs.

  • U.S. Airbnb hosts earn an average of $14,000 annually.
  • The average Airbnb rents for $185 per night.
  • Occupancy averages 48%.
  • At 100% occupancy, the average Airbnb would return $5,735 per month in rent.
  • 83% of travelers prefer vacation rentals near a large body of water.
  • Among them, 89% specifically want a beach nearby.

Line graph: Average U.S. Single-Family Home 1-Year Return on Investment

Apartment Rental

Long-term apartment rentals don’t offer as much potential cash flow as short-term rentals. They may be more cost effective in the long run, however, due to fewer unknown variables, such as vacancy rates.

  • After operating expenses, the average apartment netted $9,976.70 in 2022 rental income.
  • In one year, operating expenses for apartments increased 2.6% while insurance costs increased 19%.
  • Annual operating expenses for an apartment property average $7.70 per square foot.
  • Garden and low-rise apartments cost $6.61 per square foot per year while mid- to high-rise apartments cost $9.60 per square foot to operate.
  • The average 2-bedroom apartment rents for $1,543 per month or $18,516 per year.
  • Large apartment complexes may fall under commercial zoning.

Line graph: Average U.S. Single-Family Home 5-Year Return on Investment according to the Federal Reserve Bank of St. Lous, the U.S. Census Bureau, ATTOM Data Solutions, and Statista

Single Family Home Rental

Small properties usually cost much less per square foot than larger complexes. Single family home rentals also tend to have less turnover than apartments, meaning less vacancy as well as wear and tear.

  • The national median rent for a single family home is $2,250 per month ($27,000 per year).
  • Nationwide, single family rental assets totaled $2.3 trillion in 2022.
  • Home rental vacancies are lowest in Massachusetts, New Hampshire, and Rhode Island.
  • Alabama, Kansas, and Oklahoma have the highest rates of rental home vacancy.
  • California has the most lucrative single family rental market.
  • The West region of the United States has the lowest rate of homeownership at 59.3%.
  • West Virginia’s single family rental market is the least lucrative nationwide.

Line graph: Average U.S. Single-Family Home 10-Year Return on Investment from 2009 (29%) to 2023 (42%) according to the Federal Reserve Bank of St. Louis, U.S. Census Bureau, ATTOM Data Solutions, and Statista

Single Family Home Purchase ROI by State

Single family home purchases, including owner-occupied homes, generally appreciate in value over the long-term. Location, maintenance, and local weather can all influence the rate of return. Returns listed do not account for mortgage interest.

  • Single family homes in Florida offer the highest ROI in the 2020s, returning a total of 79.0% between 2020 and 2024.
  • The District of Columbia has the lowest ROI of the 2020s, returning 7.69% from 2020 to 2024.
  • Florida historically has the highest long-term returns on condos (437% between 2000 and 2024) as well as single-family homes (447%).
  • Connecticut single family homes historically have a low ROI, returning 168% from 2000 to 2024.
Single-Family Home Investment Returns by State
State 2000-2020 ROI 2020-2024 ROI
Alabama 180.8% 60.7%
Alaska 213.1% 30.4%
Arizona 216.2% 61.5%
Arkansas 199.7% 60.6%
California 231.2% 44.9%
Colorado 186.2% 42.9%
Connecticut 75.6% 59.9%
Delaware 158.3% 55.0%
District of Columbia 281.0% 7.7%
Florida 276.6% 79.0%
Georgia 184.7% 78.8%
Hawaii 249.2% 41.1%
Idaho 237.2% 53.5%
Illinois 113.3% 55.5%
Indiana 188.4% 66.5%
Iowa 153.4% 43.8%
Kansas 179.1% 57.1%
Kentucky 198.1% 64.9%
Louisiana 175.6% 32.4%
Maine 209.6% 70.5%
Maryland 162.8% 36.4%
Massachusetts 153.2% 55.7%
Michigan 138.8% 56.2%
Minnesota 157.3% 36.1%
Mississippi 193.6% 56.6%
Missouri 168.4% 58.0%
Montana NA 65.7%
Nebraska 124.3% 49.2%
Nevada 194.3% 57.3%
New Hampshire 155.0% 62.2%
New Jersey 114.4% 50.6%
New Mexico NA 66.0%
New York 234.7% 77.4%
North Carolina 160.0% 72.1%
North Dakota NA 21.5%
Ohio 126.6% 57.3%
Oklahoma 203.6% 69.1%
Oregon 196.6% 36.2%
Pennsylvania 175.5% 50.4%
Rhode Island 171.3% 59.8%
South Carolina 188.8% 73.3%
South Dakota 157.4% 46.2%
Tennessee 206.4% 71.8%
Texas 200.9% 56.9%
Utah 166.5% 47.6%
Vermont 193.1% 54.7%
Virginia 217.7% 54.2%
Washington 184.6% 42.3%
West Virginia 180.2% 59.2%
Wisconsin 120.8% 45.2%
Wyoming NA 40.3%

Alabama Home Purchase Return on Investment

The average Alabama single-family home has a 4.31% annual ROI (2000-2024); an average condo or co-op has a 2.31% annual ROI.

  • The ROI for an average Alabama home purchased in 2000 and sold in 2024 is 275% ($276,534).
  • As of 2024, an Alabama condo or co-op home purchased in 2000 has a 173% ROI ($284,681).
  • For an average Alabama home purchased in 2020, the ROI in 2024 is 60.7% ($103,778).
  • The 2020-2024 ROI for an Alabama condo is 26.8% ($68,767).
  • The average mortgage balance in Alabama was $171,883 in 2023, representing 77.3% of that year’s average home value.
  • A recent 10-year ROI for an Alabama home is 101% (2010-2020).
  • The 20-year ROI for an Alabama home is 181% (2000-2020).
  • The average Alabama home value ($225,707 in 2024) has a 3.43% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Alabama grew 32.0%.
  • From 2010 to 2020, Alabama home values had a 3.36% CAGR; from 2000 to 2010, 2.04% CAGR.

Grouped bar graph: Average U.S. Single-Family Home Returns from 2019 (82% 20-year, 35% 10-year, 5.76% 5-year) to 2023 (83.9% 20-year, 41.7% 10-year, 31.4% 5-year) according to the Federal Reserve Bank of St. Louis, U.S. Census Bureau, ATTOM Data Solutions, and Statista

Alaska Home Purchase Return on Investment

The average Alaska single-family home has a 4.36% annual ROI (2000-2024); an average condo or co-op has a 3.88% annual ROI.

  • The ROI for an average Alaska home purchased in 2000 and sold in 2024 is 279% ($384,940).
  • As of 2024, an average Alaska condo or co-op home purchased in 2000 has a 249% ROI ($241,433).
  • For an Alaska home purchased in 2020, the ROI in 2024 is 30.4% ($99,014).
  • The 2020-2024 ROI for a condo in Alaska is a loss of 19.8% ($36,418).
  • The average mortgage balance in Alaska was $254,651 in 2023, representing 68.2% of that year’s average home value and 120% of the average condo.
  • A recent 10-year ROI for an Alaska home is 54.0% (2010-2020).
  • The 20-year ROI for an Alaska home is 213% (2000-2020).
  • The average Alaska home value ($377,709 in 2024) has a 4.28% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Alaska grew 16.0%.
  • From 2010 to 2020, Alaska home values had a 2.48% CAGR; from 2000 to 2010, 6.32% CAGR.

Bar graph: 30-Year Returns on Real Estate Investments (1983-2012) from Equity REITs (2,773%) to office buildings (585%) contrasted with the cost of inflation (34.8%)

Arizona Home Purchase Return on Investment

The average Arizona single-family home has a 5.25% annual ROI (2000-2024); an average condo or co-op has a 2.31% annual ROI.

  • The ROI for an average Arizona home purchased in 2000 and sold in 2024 is 341.1% ($484,409).
  • As of 2024, an average Arizona condo or co-op home purchased in 2000 has a 381% ROI ($343,546).
  • For an average Arizona home purchased in 2020, the ROI in 2024 is 61.5% ($187,578).
  • The 2020-2024 ROI for a condo in Arizona is 26.7% ($51,603).
  • The average mortgage balance in Arizona was $261,706 in 2023, representing 60.6% of that year’s average home value and 92.6% of the average condo. 
  • A recent 10-year ROI for an Arizona home is 156% (2010-2020).
  • The 20-year ROI for an Arizona home is 216% (2000-2020).
  • The average Arizona home value ($439,105 in 2024) has a 4.82% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Arizona grew 44.0%.
  • From 2010 to 2020, Arizona home values had a 6.88% CAGR; from 2000 to 2010, 1.00% CAGR.

Arkansas Home Purchase Return on Investment

The average Arkansas single-family home has a 4.66% annual ROI (2000-2024); an average condo or co-op has a 3.94% annual ROI.

  • The ROI for an average Arkansas home purchased in 2000 and sold in 2024 is 299% ($263,122).
  • As of 2024, an average Arkansas condo or co-op home purchased in 2000 has a 253% ROI ($242,333).
  • For an average Arkansas home purchased in 2020, the ROI in 2024 is 60.6% ($95,299).
  • The 2020-2024 ROI for a condo in Arkansas is a 35.3% ($56,501).
  • The average mortgage balance in Arkansas was $158,193 in 2023, representing 78.8% of that year’s average home value and 67.7% of the average condo.
  • A recent 10-year ROI for an Arkansas home is 94.7% (2010-2020).
  • The 20-year ROI for an Arkansas home is 200% (2000-2020).
  • The average Arkansas home value ($207,172 in 2024) has a 3.63% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Arkansas grew 31.8%.
  • From 2010 to 2020, Arkansas home values had a 2.98% CAGR; from 2000 to 2010, 2.89% CAGR.

California Home Purchase Return on Investment

The average California single-family home has a 5.39% annual ROI (2000-2024); an average condo or co-op has a 4.98% annual ROI.

  • The ROI for an average California home purchased in 2000 and sold in 2024 is 353% ($728,122).
  • As of 2024, an average California condo or co-op home purchased in 2000 has a 321% ROI ($583,906).
  • For an average California home purchased in 2020, the ROI in 2024 is 44.9% ($258,165).
  • The 2020-2024 ROI for a condo in California is 5.84% ($29,021).
  • The average mortgage balance in California was $432,456 in 2023, representing 57.0% of that year’s average home value and 68.3% of the average condo.
  • A recent 10-year ROI for a California home is 110% (2010-2020).
  • The 20-year ROI for a California home is 231% (2000-2020).
  • The average California home value ($79is 2,976 in 2024) has a 5.77% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in California grew 37.9%.
  • From 2010 to 2020, California home values had a 6.43% CAGR; from 2000 to 2010, 4.09% CAGR.

Colorado Home Purchase Return on Investment

The average Colorado single-family home has a 4.32% annual ROI (2000-2024); an average condo or co-op has a 4.24% annual ROI.

  • The ROI for an average Colorado home purchased in 2000 and sold in 2024 is 276% ($528,580).
  • As of 2024, an average Colorado condo or co-op home purchased in 2000 has a 271% ROI ($389,965).
  • For an average Colorado home purchased in 2020, the ROI in 2024 is 42.9% ($181,092).
  • The 2020-2024 ROI for a condo in Colorado is 4.75% ($14,717).
  • The average mortgage balance in Colorado was $333,814 in 2023, representing 60.8% of that year’s average home value and 82.4% of the average condo.
  • A recent 10-year ROI for a Colorado home is 126% (2010-2020).
  • The 20-year ROI for a Colorado home is 186% (2000-2020).
  • The average Colorado home value ($554,288 in 2024) has a 4.52% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Colorado grew 31.8%.
  • From 2010 to 2020, Colorado home values had a 6.49% CAGR; from 2000 to 2010, 1.63% CAGR.

Connecticut Home Purchase Return on Investment

The average Connecticut single-family home has a 2.19% annual ROI (2000-2024); an average condo or co-op has a 3.19% annual ROI.

  • The ROI for an average Connecticut home purchased in 2000 and sold in 2024 is 168% ($304,241).
  • As of 2024, an average Connecticut condo or co-op home purchased in 2000 has a 212% ROI ($233,421).
  • For an average Connecticut home purchased in 2020, the ROI in 2024 is 59.9% ($171,165).
  • The 2020-2024 ROI for a condo in Connecticut is a loss of 1.12% ($1,995).
  • The average mortgage balance in Connecticut was $248,676 in 2023, representing 61.6% of that year’s average home value and 98.2% of the average condo.
  • A recent 10-year ROI for a Connecticut home is 14.2% (2010-2020).
  • The 20-year ROI for a Connecticut home is 75.6% (2000-2020).
  • The average Connecticut home value ($434,176 in 2024) has a 3.71% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Connecticut grew 52.0%.
  • From 2010 to 2020, Connecticut home values had a 0.48% CAGR; from 2000 to 2010, 4.17% CAGR.

Delaware Home Purchase Return on Investment

The average Delaware single-family home has a 3.95% annual ROI (2000-2024); an average condo or co-op has a 3.85% annual ROI.

  • The ROI for an average Delaware home purchased in 2000 and sold in 2024 is 254% ($389,312).
  • As of 2024, an average Delaware condo or co-op home purchased in 2000 has a 248% ROI ($372,511).
  • For an average Delaware home purchased in 2020, the ROI in 2024 is 55.0% ($155,749).
  • The 2020-2024 ROI for a condo in Delaware is 23.4% ($65,388).
  • The average mortgage balance in Delaware was $214,984 in 2023, representing 57.1% of that year’s average home value and 52.7% of the average condo.
  • A recent 10-year ROI for a Delaware home is 49.4% (2010-2020).
  • The 20-year ROI for a Delaware home is 158% (2000-2020).
  • The average Delaware home value ($385,946 in 2024) has a 3.92% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Delaware grew 36.2%.
  • From 2010 to 2020, Delaware home values had a 1.65% CAGR; from 2000 to 2010, 4.60% CAGR.

District of Columbia Home Purchase Return on Investment

The average D.C. single-family home has a 4.76% annual ROI (2000-2024); an average condo or co-op has a 3.78% annual ROI.

  • The ROI for an average D.C. home purchased in 2000 and sold in 2024 is 306% ($591,076).
  • As of 2024, an average D.C. condo or co-op home purchased in 2000 has a 244% ROI ($349,325).
  • For an average D.C. home purchased in 2020, the ROI in 2024 is 7.69% ($53,097).
  • The 2020-2024 ROI for a condo in D.C. is a loss of 36.2% ($163,440).
  • The average mortgage balance in D.C. was $503,254 in 2023, representing 69.1% of that year’s average home value and 112.0% of the average condo.
  • A recent 10-year ROI for a home in D.C. is 84.4% (2010-2020).
  • The 20-year ROI for a home D.C. is 281% (2000-2020).
  • The average D.C. home value ($708,892 in 2024) has a 5.56% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in D.C. grew 2.71%.
  • From 2010 to 2020, D.C. home values had a 5.81% CAGR; from 2000 to 2010, 7.33% CAGR.

Florida Home Purchase Return on Investment

The average Florida single-family home has a 6.44% annual ROI (2000-2024); an average condo or co-op has a 6.34% annual ROI.

  • The ROI for an average Florida home purchased in 2000 and sold in 2024 is 447% ($528,237).
  • As of 2024, an average Florida condo or co-op home purchased in 2000 has a 437% ROI ($387,212).
  • For an average Florida home purchased in 2020, the ROI in 2024 is 79.0% ($215,014).
  • The 2020-2024 ROI for a condo in Florida is 41.8% ($91,888).
  • The average mortgage balance in Florida was $240,113 in 2023, representing 58.6% of that year’s average home value and 79.1% of the average condo.
  • A recent 10-year ROI for a home in Florida is 155% (2010-2020).
  • The 20-year ROI for a home Florida is 277% (2000-2020).
  • The average Florida home value ($414,246 in 2024) has a 5.37% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Florida grew 52.3%.
  • From 2010 to 2020, Florida home values had a 5.93% CAGR; from 2000 to 2010, 2.63% CAGR.

Georgia Home Purchase Return on Investment

The average Georgia single-family home has a 4.82% annual ROI (2000-2024); an average condo or co-op has a 4.12% annual ROI.

  • The ROI for an average Georgia home purchased in 2000 and sold in 2024 is 310% ($397,737).
  • As of 2024, an average Georgia condo or co-op home purchased in 2000 has a 264% ROI ($317,207).
  • For an average Georgia home purchased in 2020, the ROI in 2024 is 78.8% ($171,405).
  • The 2020-2024 ROI for a condo in Georgia is 28.8% ($59,866).
  • The average mortgage balance in Georgia was $217,383 in 2023, representing 67.8% of that year’s average home value and 76.1% of the average condo.
  • A recent 10-year ROI for a home in Georgia is 137% (2010-2020).
  • The 20-year ROI for a home Georgia is 185% (2000-2020).
  • The average Georgia home value ($330,040 in 2024) has a 4.01% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Georgia grew 51.7%.
  • From 2010 to 2020, Georgia home values had a 4.97% CAGR; from 2000 to 2010, 0.42% CAGR.

Hawaii Home Purchase Return on Investment

The average Hawaii single-family home has a 5.68% annual ROI (2000-2024); an average condo or co-op has a 4.89% annual ROI.

  • The ROI for an average Hawaii home purchased in 2000 and sold in 2024 is 376% ($864,183).
  • As of 2024, an average Hawaii condo or co-op home purchased in 2000 has a 314% ROI ($498,607).
  • For an average Hawaii home purchased in 2020, the ROI in 2024 is 41.1% ($298,280).
  • The 2020-2024 ROI for a condo in Hawaii is a loss of 17.3% ($78,560).
  • The average mortgage balance in Hawaii was $398,670 in 2023, representing 41.1% of that year’s average home value and 70.3% of the average condo.
  • A recent 10-year ROI for a home in Hawaii is 60.4% (2010-2020).
  • The 20-year ROI for a home Hawaii is 249% (2000-2020).
  • The average Hawaii home value ($987,785 in 2024) has a 6.27% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Hawaii grew 35.3%.
  • From 2010 to 2020, Hawaii home values had a 4.18% CAGR; from 2000 to 2010, 7.68% CAGR.

Idaho Home Purchase Return on Investment

The average Idaho single-family home has a 5.59% annual ROI (2000-2024); an average condo or co-op has a 5.00% annual ROI.

  • The ROI for an average Idaho home purchased in 2000 and sold in 2024 is 369% ($457,005).
  • As of 2024, an average Idaho condo or co-op home purchased in 2000 has a 322% ROI ($392,263).
  • For an average Idaho home purchased in 2020, the ROI in 2024 is 53.5% ($169,791).
  • The 2020-2024 ROI for a condo in Idaho is 22.6% ($65,542).
  • The average mortgage balance in Idaho was $243,353 in 2023, representing 54.7% of that year’s average home value and 58.5% of the average condo.
  • A recent 10-year ROI for a home in Idaho is 144% (2010-2020).
  • The 20-year ROI for a home Idaho is 237% (2000-2020).
  • The average Idaho home value ($453,983 in 2024) has a 5.56% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Idaho grew 43.2%.
  • From 2010 to 2020, Idaho home values had a 7.30% CAGR; from 2000 to 2010, 2.39% CAGR.

Illinois Home Purchase Return on Investment

The average Illinois single-family home has a 2.75% annual ROI (2000-2024); an average condo or co-op has a 1.67% annual ROI.

  • The ROI for an average Illinois home purchased in 2000 and sold in 2024 is 192% ($255,782).
  • As of 2024, an average Illinois condo or co-op home purchased in 2000 has a 149% ROI ($190,980).
  • For an average Illinois home purchased in 2020, the ROI in 2024 is 55.5% ($112,034).
  • The 2020-2024 ROI for a condo in Illinois is 2.35% ($4,383).
  • The average mortgage balance in Illinois was $194,636 in 2023, representing 75.3% of that year’s average home value and 87.5% of the average condo.
  • A recent 10-year ROI for a home in Illinois is 59.6% (2010-2020).
  • The 20-year ROI for a home Illinois is 113% (2000-2020).
  • The average Illinois home value ($273,231 in 2024) has a 3.04% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Illinois grew 35.4%.
  • From 2010 to 2020, Illinois home values had a 2.10% CAGR; from 2000 to 2010, 2.09% CAGR.

Indiana Home Purchase Return on Investment

The average Indiana single-family home has a 4.62% annual ROI (2000-2024); an average condo or co-op has a 3.17% annual ROI.

  • The ROI for an average Indiana home purchased in 2000 and sold in 2024 is 296% ($292,374).
  • As of 2024, an average Indiana condo or co-op home purchased in 2000 has a 212% ROI ($228,142).
  • For an average Indiana home purchased in 2020, the ROI in 2024 is 66.5% ($114,017).
  • The 2020-2024 ROI for a condo in Indiana is 24.8% ($39,838).
  • The average mortgage balance in Indiana was $147,555 in 2023, representing 62.9% of that year’s average home value and 67.6% of the average condo.
  • A recent 10-year ROI for a home in Indiana is 111% (2010-2020).
  • The 20-year ROI for a home Indiana is 188% (2000-2020).
  • The average Indiana home value ($244,013 in 2024) has a 3.84% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Indiana grew 42.39%.
  • From 2010 to 2020, Indiana home values had a 4.01% CAGR; from 2000 to 2010, 1.59% CAGR.

Iowa Home Purchase Return on Investment

The average Iowa single-family home has a 3.51% annual ROI (2000-2024); an average condo or co-op has a 2.04% annual ROI.

  • The ROI for an average Iowa home purchased in 2000 and sold in 2024 is 229% ($214,965).
  • As of 2024, an average Iowa condo or co-op home purchased in 2000 has a 162% ROI ($153,151).
  • For an average Iowa home purchased in 2020, the ROI in 2024 is 43.8% ($75,272).
  • The 2020-2024 ROI for a condo in Iowa is a loss of 4.05% ($5,828).
  • The average mortgage balance in Iowa was $153,682 in 2023, representing 70.8% of that year’s average home value and 87.4% of the average condo.
  • A recent 10-year ROI for a home in Iowa is 74.5% (2010-2020).
  • The 20-year ROI for a home Iowa is 153% (2000-2020).
  • The average Iowa home value ($224,583 in 2024) has a 3.70% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Iowa grew 30.59%.
  • From 2010 to 2020, Iowa home values had a 3.47% CAGR; from 2000 to 2010, 2.68% CAGR.

Kansas Home Purchase Return on Investment

The average Kansas single-family home has a 4.35% annual ROI (2000-2024); an average condo or co-op has a 3.87% annual ROI.

  • The ROI for an average Kansas home purchased in 2000 and sold in 2024 is 278% ($249,118).
  • As of 2024, an average Kansas condo or co-op home purchased in 2000 has a 249% ROI ($202,193).
  • For an average Kansas home purchased in 2020, the ROI in 2024 is 57.1% ($93,929).
  • The 2020-2024 ROI for a condo in Kansas is 17.6% ($24,342).
  • The average mortgage balance in Kansas was $165,638 in 2023, representing 75.9% of that year’s average home value and 87.5% of the average condo.
  • A recent 10-year ROI for a home in Kansas is 84.3% (2010-2020).
  • The 20-year ROI for a home Kansas is 179% (2000-2020).
  • The average Kansas home value ($229,016 in 2024) has a 3.98% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Kansas grew 39.2%.
  • From 2010 to 2020, Kansas home values had a 3.35% CAGR; from 2000 to 2010, 2.81% CAGR.

Kentucky Home Purchase Return on Investment

The average Kentucky single-family home has a 4.73% annual ROI (2000-2024); an average condo or co-op has a 3.20% annual ROI.

  • The ROI for an average Kentucky home purchased in 2000 and sold in 2024 is 304% ($261,773).
  • As of 2024, an average Kentucky condo or co-op home purchased in 2000 has a 213% ROI ($210,958).
  • For an average Kentucky home purchased in 2020, the ROI in 2024 is 64.9% ($98,865).
  • The 2020-2024 ROI for a condo in Kentucky is 25.4% ($39,086).
  • The average mortgage balance in Kentucky was $150,430 in 2023, representing 75.7% of that year’s average home value and 74.4% of the average condo.
  • A recent 10-year ROI for a home in Kentucky is 107% (2010-2020).
  • The 20-year ROI for a home Kentucky is 198% (2000-2020).
  • The average Kentucky home value ($207,535 in 2024) has a 3.73% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Kentucky grew 36.2%.
  • From 2010 to 2020, Kentucky home values had a 3.56% CAGR; from 2000 to 2010, 2.22% CAGR.

Louisiana Home Purchase Return on Investment

The average Louisiana single-family home has a 3.43% annual ROI (2000-2024); an average condo or co-op has a 2.94% annual ROI.

  • The ROI for an average Louisiana home purchased in 2000 and sold in 2024 is 225% ($239,962).
  • As of 2024, an average Louisiana condo or co-op home purchased in 2000 has a 200% ROI ($177,335).
  • For an average Louisiana home purchased in 2020, the ROI in 2024 is 32.4% ($61,760).
  • The 2020-2024 ROI for a condo in Louisiana is a loss of 5.79% ($8,549).
  • The average mortgage balance in Louisiana was $175,694 in 2023, representing 86.2% of that year’s average home value and 104% of the average condo.
  • A recent 10-year ROI for a home in Louisiana is 69.5% (2010-2020).
  • The 20-year ROI for a home Louisiana is 176% (2000-2020).
  • The average Louisiana home value ($199,957 in 2024) has a 2.65% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Louisiana grew 4.95%.
  • From 2010 to 2020, Louisiana home values had a 2.09% CAGR; from 2000 to 2010, 3.80% CAGR.

Maine Home Purchase Return on Investment

The average Maine single-family home has a 5.56% annual ROI (2000-2024); an average condo or co-op has a 5.24% annual ROI.

  • The ROI for an average Maine home purchased in 2000 and sold in 2024 is 366% ($414,102).
  • As of 2024, an average Maine condo or co-op home purchased in 2000 has a 341% ROI ($400,917).
  • For an average Maine home purchased in 2020, the ROI in 2024 is 70.5% ($184,659).
  • The 2020-2024 ROI for a condo in Maine is 33.8% ($95,999).
  • The average mortgage balance in Maine was $167,295 in 2023, representing 43.2% of that year’s average home value and 40.2% of the average condo.
  • A recent 10-year ROI for a home in Maine is 77.8% (2010-2020).
  • The 20-year ROI for a home Maine is 210% (2000-2020).
  • The average Maine home value ($403,211 in 2024) has a 5.44% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Maine grew 53.9%.
  • From 2010 to 2020, Maine home values had a 3.70% CAGR; from 2000 to 2010, 4.88% CAGR.

Maryland Home Purchase Return on Investment

The average Maryland single-family home has a 3.66% annual ROI (2000-2024); an average condo or co-op has a 3.68% annual ROI.

  • The ROI for an average Maryland home purchased in 2000 and sold in 2024 is 237% ($377,929).
  • As of 2024, an average Maryland condo or co-op home purchased in 2000 has a 238% ROI ($269,412).
  • For an average Maryland home purchased in 2020, the ROI in 2024 is 36.4% ($124,228).
  • The 2020-2024 ROI for a condo in Maryland is a loss of 10.0% ($22,159).
  • The average mortgage balance in Maryland was $281,335 in 2023, representing 66.7% of that year’s average home value and 99.8% of the average condo.
  • A recent 10-year ROI for a home in Maryland is 46.8% (2010-2020).
  • The 20-year ROI for a home Maryland is 163% (2000-2020).
  • The average Maryland home value ($432,713 in 2024) has a 4.25% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Maryland grew 26.6%.
  • From 2010 to 2020, Maryland home values had a 2.54% CAGR; from 2000 to 2010, 5.25% CAGR.

Massachusetts Home Purchase Return on Investment

The average Massachusetts single-family home has a 4.17% annual ROI (2000-2024); an average condo or co-op has a 3.83% annual ROI.

  • The ROI for an average Massachusetts home purchased in 2000 and sold in 2024 is 267% ($569,948).
  • As of 2024, an average Massachusetts condo or co-op home purchased in 2000 has a 247% ROI ($446,862).
  • For an average Massachusetts home purchased in 2020, the ROI in 2024 is 55.7% ($252,078).
  • The 2020-2024 ROI for a condo in Massachusetts is 3.84% ($15,744).
  • The average mortgage balance in Massachusetts was $303,009 in 2023, representing 49.8% of that year’s average home value and 60.3% of the average condo.
  • A recent 10-year ROI for a home in Massachusetts is 66.0% (2010-2020).
  • The 20-year ROI for a home Massachusetts is 153% (2000-2020).
  • The average Massachusetts home value ($646,552 in 2024) has a 4.72% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Massachusetts grew 42.8%.
  • From 2010 to 2020, Massachusetts home values had a 3.67% CAGR; from 2000 to 2010, 3.97% CAGR.

Michigan Home Purchase Return on Investment

The average Michigan home single-family has a 3.28% annual ROI (2000-2024); an average condo or co-op has a 2.19% annual ROI.

  • The ROI for an average Michigan home purchased in 2000 and sold in 2024 is 217% ($260,254).
  • As of 2024, an average Michigan condo or co-op home purchased in 2000 has a 168% ROI ($231,215).
  • For an average Michigan home purchased in 2020, the ROI in 2024 is 56.2% ($100,958).
  • The 2020-2024 ROI for a condo in Michigan is 19.3% ($38,421).
  • The average mortgage balance in Michigan was $155,835 in 2023, representing 66.5% of that year’s average home value and 60.8% of the average condo.
  • A recent 10-year ROI for a home in Michigan is 149% (2010-2020).
  • The 20-year ROI for a home Michigan is 139% (2000-2020).
  • The average Michigan home value ($244,949 in 2024) has a 3.02% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Michigan grew 36.3%.
  • From 2010 to 2020, Michigan home values had a 5.99% CAGR; from 2000 to 2010, -1.75% CAGR.

Minnesota Home Purchase Return on Investment

The average Minnesota single-family home has a 3.44% annual ROI (2000-2024); an average condo or co-op has a 2.98% annual ROI.

  • The ROI for an average Minnesota home purchased in 2000 and sold in 2024 is 225% ($306,861).
  • As of 2024, an average Minnesota condo or co-op home purchased in 2000 has a 202% ROI ($204,081).
  • For an average Minnesota home purchased in 2020, the ROI in 2024 is 36.1% ($98,054).
  • The 2020-2024 ROI for a condo in Minnesota is a loss of 18.4% ($34,720).
  • The average mortgage balance in Minnesota was $207,718 in 2023, representing 61.7% of that year’s average home value and 96.6% of the average condo.
  • A recent 10-year ROI for a home in Minnesota is 83.0% (2010-2020).
  • The 20-year ROI for a home Minnesota is 157% (2000-2020).
  • The average Minnesota home value ($339,975 in 2024) has a 3.88% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Minnesota grew 25.2%.
  • From 2010 to 2020, Minnesota home values had a 4.39% CAGR; from 2000 to 2010, 2.63% CAGR.

Mississippi Home Purchase Return on Investment

The average Mississippi single-family home has a 4.35% annual ROI (2000-2024).

  • The ROI for an average Mississippi home purchased in 2000 and sold in 2024 is 278% ($246,031).
  • For an average Mississippi home purchased in 2020, the ROI in 2024 is 56.6% ($83,769).
  • The 2020-2024 ROI for a condo in Mississippi is 49.7% ($78,702).
  • The average mortgage balance in Mississippi was $146,515 in 2023, representing 82.1% of that year’s average home value and 63.8% of the average condo.
  • A recent 10-year ROI for a home in Mississippi is 98.9% (2010-2020).
  • The 20-year ROI for a home Mississippi is 194% (2000-2020).
  • The average Mississippi home value ($179,427 in 2024) has a 2.98% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Mississippi grew 21.3%.
  • From 2010 to 2020, Mississippi home values had a 2.72% CAGR; from 2000 to 2010, 2.41% CAGR.

Missouri Home Purchase Return on Investment

The average Missouri single-family home has a 4.16% annual ROI (2000-2024); an average condo or co-op has a 3.01% annual ROI.

  • The ROI for an average Missouri home purchased in 2000 and sold in 2024 is 266% ($264,905).
  • As of 2024, an average Missouri condo or co-op home purchased in 2000 has a 204% ROI ($203,470).
  • For an average Missouri home purchased in 2020, the ROI in 2024 is 58.0% ($103,466).
  • The 2020-2024 ROI for a condo in Missouri is 14.5% ($22,869).
  • The average mortgage balance in Missouri was $166,056 in 2023, representing 69.0% of that year’s average home value and 77.9% of the average condo.
  • A recent 10-year ROI for a home in Missouri is 83.4% (2010-2020).
  • The 20-year ROI for a home Missouri is 168.42% (2000-2020).
  • The average Missouri home value ($248,419 in 2024) has a 3.88% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Missouri grew 39.2%.
  • From 2010 to 2020, Missouri home values had a 3.33% CAGR; from 2000 to 2010, 2.59% CAGR.

Montana Home Purchase Return on Investment

The ROI for an average Montana home purchased in 2000 and sold in 2024 is 82.7% ($157,144).

  • As of 2024, an average Montana condo or co-op home purchased in 2020 has a 65.7% ROI ($196,604).
  • The average mortgage balance in Montana was $234,646 in 2023, representing 51.8% of that year’s average home value and 54.9% of the average condo.
  • The average Montana home value ($466,017 in 2024) grew 55.7% since 2020.
  • From 2010 to 2020, Montana home values had a 4.64% CAGR.

Nebraska Home Purchase Return on Investment

The average Nebraska single-family home has a 2.96% annual ROI (2000-2024); an average condo or co-op has a 2.32% annual ROI.

  • The ROI for an average Nebraska home purchased in 2000 and sold in 2024 is 201% ($233,877).
  • As of 2024, an average Nebraska condo or co-op home purchased in 2000 has a 173% ROI ($186,835).
  • For an average Nebraska home purchased in 2020, the ROI in 2024 is 49.2% ($94,512).
  • The 2020-2024 ROI for a condo in Nebraska is 5.23% ($8,961).
  • The average mortgage balance in Nebraska was $170,529 in 2023, representing 67.2% of that year’s average home value and 76.8% of the average condo.
  • A recent 10-year ROI for a home in Nebraska is 85.4% (2010-2020).
  • The 20-year ROI for a home Nebraska is 124.7% (2000-2020).
  • The average Nebraska home value ($260,775 in 2024) has a 3.43% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Nebraska grew 35.8%.
  • From 2010 to 2020, Nebraska home values had a 4.08% CAGR; from 2000 to 2010, 1.04% CAGR.

Nevada Home Purchase Return on Investment

The average Nevada single-family home has a 4.70% annual ROI (2000-2024); an average condo or co-op has a 5.25% annual ROI.

  • The ROI for an average Nevada home purchased in 2000 and sold in 2024 is 301% ($496,216).
  • As of 2024, an average Nevada condo or co-op home purchased in 2000 has a 341% ROI ($330,027).
  • For an average Nevada home purchased in 2020, the ROI in 2024 is 57.3% ($186,525).
  • The 2020-2024 ROI for a condo in Nevada is 23.4% ($41,380).
  • The average mortgage balance in Nevada was $286,563 in 2023, representing 66.0% of that year’s average home value and 116.0% of the average condo.
  • A recent 10-year ROI for a home in Nevada is 177% (2010-2020).
  • The 20-year ROI for a home Nevada is 194% (2000-2020).
  • The average Nevada home value ($458,411 in 2024) has a 4.35% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Nevada grew 40.7%.
  • From 2010 to 2020, Nevada home values had a 7.66% CAGR; from 2000 to 2010, -0.57% CAGR.

New Hampshire Home Purchase Return on Investment

The average New Hampshire single-family home has a 4.50% annual ROI (2000-2024); an average condo or co-op has a 4.87% annual ROI.

  • The ROI for an average New Hampshire home purchased in 2000 and sold in 2024 is 288% ($424,935).
  • As of 2024, an average New Hampshire condo or co-op home purchased in 2000 has a 313% ROI ($346,781).
  • For an average New Hampshire home purchased in 2020, the ROI in 2024 is 62.2% ($199,627).
  • The 2020-2024 ROI for a condo in New Hampshire is 17.8% ($43,932).
  • The average mortgage balance in New Hampshire was $216,493 in 2023, representing 46.0% of that year’s average home value and 59.5% of the average condo.
  • A recent 10-year ROI for a home in New Hampshire is 60.0% (2010-2020).
  • The 20-year ROI for a home New Hampshire is 155% (2000-2020).
  • The average New Hampshire home value ($501,924 in 2024) has a 5.23% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in New Hampshire grew 56.3%.
  • From 2010 to 2020, New Hampshire home values had a 3.69% CAGR; from 2000 to 2010, 4.23% CAGR.

New Jersey Home Purchase Return on Investment

The average New Jersey single-family home has a 3.29% annual ROI (2000-2024); an average condo or co-op has a 3.34% annual ROI.

  • The ROI for an average New Jersey home purchased in 2000 and sold in 2024 is 217% ($399,694).
  • As of 2024, an average New Jersey condo or co-op home purchased in 2000 has a 220% ROI ($316,890).
  • For an average New Jersey home purchased in 2020, the ROI in 2024 is 50.6% ($191,679).
  • The 2020-2024 ROI for a condo in New Jersey is a loss of 2.75% ($8,196).
  • The average mortgage balance in New Jersey was $276,650 in 2023, representing 54.1% of that year’s average home value and 71.9% of the average condo.
  • A recent 10-year ROI for a home in New Jersey is 26.3% (2010-2020).
  • The 20-year ROI for a home New Jersey is 114% (2000-2020).
  • The average New Jersey home value ($555,386 in 2024) has a 4.72% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in New Jersey grew 46.7%.
  • From 2010 to 2020, New Jersey home values had a 2.03% CAGR; from 2000 to 2010, 5.36% CAGR.

New Mexico Home Purchase Return on Investment

For an average New Mexico home purchased in 2020, the ROI in 2024 is 66.0% ($141,782).

  • The average mortgage balance in New Mexico was $189,298 in 2023, representing 64.2% of that year’s average home value and 71.8% of the average condo.
  • A recent 10-year ROI for a home in New Mexico is 66.2% (2010-2020).
  • The average New Mexico home value ($305,159 in 2024) had a 42.1% CAGR between 2020 and 2024.
  • From 2010 to 2020, New Mexico home values had a 2.17% CAGR.

New York Home Purchase Return on Investment

The average New York single-family home has a 5.86% annual ROI (2000-2024); an average condo or co-op has a 3.63% annual ROI.

  • The ROI for an average New York home purchased in 2000 and sold in 2024 is 392% ($573,993).
  • As of 2024, an average New York condo or co-op home purchased in 2000 has a 235% ROI ($512,403).
  • For an average New York home purchased in 2020, the ROI in 2024 is 77.4% ($248,067).
  • The 2020-2024 ROI for a condo in New York is a loss of 6.05% ($37,273).
  • The average mortgage balance in New York was $279,343 in 2023, representing 65.0% of that year’s average home value and 47.3% of the average condo.
  • A recent 10-year ROI for a home in New York is 89.0% (2010-2020).
  • The 20-year ROI for a home New York is 235% (2000-2020).
  • The average New York home value ($461,760 in 2024) has a 4.90% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in New York grew 44.2%.
  • From 2010 to 2020, New York home values had a 3.03% CAGR; from 2000 to 2010, 4.96% CAGR.

North Carolina Home Purchase Return on Investment

The average North Carolina single-family home has a 4.31% annual ROI (2000-2024); an average condo or co-op has a 3.90% annual ROI.

  • The ROI for an average North Carolina home purchased in 2000 and sold in 2024 is 275% ($362,358).
  • As of 2024, an average North Carolina condo or co-op home purchased in 2000 has a 251% ROI ($249,007).
  • For an average North Carolina home purchased in 2020, the ROI in 2024 is 72.1% ($161,174).
  • The 2020-2024 ROI for a condo in North Carolina is 35.7% ($67,453).
  • The average mortgage balance in North Carolina was $203,672 in 2023, representing 63.1% of that year’s average home value and 70.9% of the average condo.
  • A recent 10-year ROI for a home in North Carolina is 94.0% (2010-2020).
  • The 20-year ROI for a home North Carolina is 160% (2000-2020).
  • The average North Carolina home value ($331,756 in 2024) has a 3.92% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in North Carolina grew 48.5%.
  • From 2010 to 2020, North Carolina home values had a 3.54% CAGR; from 2000 to 2010, 1.82% CAGR.

North Dakota Home Purchase Return on Investment

For an average North Dakota home purchased in 2020, the ROI in 2024 is 21.5% ($50,052).

  • The average mortgage balance in North Dakota was $192,535 in 2023, representing 73.4% of that year’s average home value and 102% of the average condo.
  • A recent 10-year ROI for a home in North Dakota is 55.4% (2010-2020).
  • The average North Dakota home value ($267,237 in 2024) grew 15.0% between 2020 and 2024.
  • From 2010 to 2020, North Dakota home values had a 3.51% CAGR.

Ohio Home Purchase Return on Investment

The average Ohio single-family home has a 3.11% annual ROI (2000-2024); an average condo or co-op has a 2.72% annual ROI.

  • The ROI for an average Ohio home purchased in 2000 and sold in 2024 is 209% ($228,214).
  • As of 2024, an average Ohio condo or co-op home purchased in 2000 has a 190% ROI ($193,095).
  • For an average Ohio home purchased in 2020, the ROI in 2024 is 57.3% ($95,393).
  • The 2020-2024 ROI for a condo in Ohio is 17.2% ($25,612).
  • The average mortgage balance in Ohio was $144,784 in 2023, representing 65.6% of that year’s average home value and 71.6% of the average condo.
  • A recent 10-year ROI for a home in Ohio is 86.0% (2010-2020).
  • The 20-year ROI for a home Ohio is 127% (2000-2020).
  • The average Ohio home value ($232,809 in 2024) has a 3.20% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Ohio grew 39.9%.
  • From 2010 to 2020, Ohio home values had a 3.47% CAGR; from 2000 to 2010, 0.79% CAGR.

Oklahoma Home Purchase Return on Investment

The average Oklahoma single-family home has a 4.92% annual ROI (2000-2024); an average condo or co-op has a 4.96% annual ROI.

  • The ROI for an average Oklahoma home purchased in 2000 and sold in 2024 is 316% ($265,429).
  • As of 2024, an average Oklahoma condo or co-op home purchased in 2000 has a 319% ROI ($183,042).
  • For an average Oklahoma home purchased in 2020, the ROI in 2024 is 69.1% ($102,677).
  • The 2020-2024 ROI for a condo in Oklahoma is 23.1% ($21,782).
  • The average mortgage balance in Oklahoma was $163,070 in 2023, representing 81.4% of that year’s average home value and 129% of the average condo.
  • A recent 10-year ROI for a home in Oklahoma is 96.6% (2010-2020).
  • The 20-year ROI for a home Oklahoma is 204% (2000-2020).
  • The average Oklahoma home value ($206,774 in 2024) has a 3.83% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Oklahoma grew 39.1%.
  • From 2010 to 2020, Oklahoma home values had a 2.93% CAGR; from 2000 to 2010, 2.87% CAGR.

Oregon Home Purchase Return on Investment

The average Oregon single-family home has a 4.43% annual ROI (2000-2024); an average condo or co-op has a 3.66% annual ROI.

  • The ROI for an average Oregon home purchased in 2000 and sold in 2024 is 283% ($443,955).
  • As of 2024, an average Oregon condo or co-op home purchased in 2000 has a 237% ROI ($293,527).
  • For an average Oregon home purchased in 2020, the ROI in 2024 is 36.2% ($140,221).
  • The 2020-2024 ROI for a condo in Oregon is a loss of 13.4% ($36,894).
  • The average mortgage balance in Oregon was $279,907 in 2023, representing 56.0% of that year’s average home value and 82.9% of the average condo.
  • A recent 10-year ROI for a home in Oregon is 95.3% (2010-2020).
  • The 20-year ROI for a home Oregon is 197% (2000-2020).
  • The average Oregon home value ($503,613 in 2024) has a 4.98% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Oregon grew 29.9 %.
  • From 2010 to 2020, Oregon home values had a 5.66% CAGR; from 2000 to 2010, 3.61% CAGR.

Pennsylvania Home Purchase Return on Investment

The average Pennsylvania single-family home has a 4.21% annual ROI (2000-2024); an average condo or co-op has a 4.12% annual ROI.

  • The ROI for an average Pennsylvania home purchased in 2000 and sold in 2024 is 269% ($276,082).
  • As of 2024, an average Pennsylvania condo or co-op home purchased in 2000 has a 263% ROI ($241,167).
  • For an average Pennsylvania home purchased in 2020, the ROI in 2024 is 50.4% ($102,243).
  • The 2020-2024 ROI for a condo in Pennsylvania is 11.8% ($21,764).
  • The average mortgage balance in Pennsylvania was $170,773 in 2023, representing 65.5% of that year’s average home value and 71.0% of the average condo.
  • A recent 10-year ROI for a home in Pennsylvania is 56.4% (2010-2020).
  • The 20-year ROI for a home Pennsylvania is 175% (2000-2020).
  • The average Pennsylvania home value ($270,240 in 2024) has a 4.12% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Pennsylvania grew 33.1%.
  • From 2010 to 2020, Pennsylvania home values had a 2.22% CAGR; from 2000 to 2010, 4.74% CAGR.

Rhode Island Home Purchase Return on Investment

The average Rhode Island single-family home has a 4.73% annual ROI (2000-2024); an average condo or co-op has a 4.10% annual ROI.

  • The ROI for an average Rhode Island home purchased in 2000 and sold in 2024 is 303% ($428,152).
  • As of 2024, an average Rhode Island condo or co-op home purchased in 2000 has a 262% ROI ($321,525).
  • For an average Rhode Island home purchased in 2020, the ROI in 2024 is 59.8% ($192,219).
  • The 2020-2024 ROI for a condo in Rhode Island is 16.2% ($40,552).
  • The average mortgage balance in Rhode Island was $220,470 in 2023, representing 49.2% of that year’s average home value and 63.2% of the average condo.
  • A recent 10-year ROI for a home in Rhode Island is 55.4% (2010-2020).
  • The 20-year ROI for a home Rhode Island is 171% (2000-2020).
  • The average Rhode Island home value ($480,612 in 2024) has a 5.24% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Rhode Island grew 49.4%.
  • From 2010 to 2020, Rhode Island home values had a 3.18% CAGR; from 2000 to 2010, 5.24% CAGR.

South Carolina Home Purchase Return on Investment

The average South Carolina single-family home has a 4.83% annual ROI (2000-2024); an average condo or co-op has a 4.12% annual ROI.

  • The ROI for an average South Carolina home purchased in 2000 and sold in 2024 is 310% ($360,826).
  • As of 2024, an average South Carolina condo or co-op home purchased in 2000 has a 264% ROI ($292,092).
  • For an average South Carolina home purchased in 2020, the ROI in 2024 is 73.3% ($151,856).
  • The 2020-2024 ROI for a condo in South Carolina is 45.3% ($79,000).
  • The average mortgage balance in South Carolina was $198,844 in 2023, representing 68.4% of that year’s average home value and 72.1% of the average condo.
  • A recent 10-year ROI for a home in South Carolina is 101% (2010-2020).
  • The 20-year ROI for a home South Carolina is 189% (2000-2020).
  • The average South Carolina home value ($299,244 in 2024) has a 4.02% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in South Carolina grew 44.4%.
  • From 2010 to 2020, South Carolina home values had a 3.45% CAGR; from 2000 to 2010, 2.41% CAGR.

South Dakota Home Purchase Return on Investment

The average South Dakota single-family home has a 3.89% annual ROI (2000-2024).

  • The ROI for an average South Dakota home purchased in 2000 and sold in 2024 is 250% ($269,662).
  • For an average South Dakota home purchased in 2020, the ROI in 2024 is 46.2% ($103,683).
  • The 2020-2024 ROI for a condo in South Dakota is 7.25% ($14,002).
  • The average mortgage balance in South Dakota was $187,463 in 2023, representing 62.2% of that year’s average home value and 71.5% of the average condo.
  • A recent 10-year ROI for a home in South Dakota is 76.1% (2010-2020).
  • The 20-year ROI for a home South Dakota is 157% (2000-2020).
  • The average South Dakota home value ($308,217 in 2024) has a 4.47% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in South Dakota grew 37.3%.
  • From 2010 to 2020, South Dakota home values had a 4.28% CAGR; from 2000 to 2010, 3.19% CAGR.

Tennessee Home Purchase Return on Investment

The average Tennessee single-family home has a 5.21% annual ROI (2000-2024); an average condo or co-op has a 3.97% annual ROI.

  • The ROI for an average Tennessee home purchased in 2000 and sold in 2024 is 338% ($374,481).
  • As of 2024, an average Tennessee condo or co-op home purchased in 2000 has a 254% ROI ($321,471).
  • For an average Tennessee home purchased in 2020, the ROI in 2024 is 71.8% ($155,381).
  • The 2020-2024 ROI for a condo in Tennessee is 33.1% ($75,258).
  • The average mortgage balance in Tennessee was $208,122 in 2023, representing 67.1% of that year’s average home value and 63.7% of the average condo.
  • A recent 10-year ROI for a home in Tennessee is 120% (2010-2020).
  • The 20-year ROI for a home Tennessee is 206% (2000-2020).
  • The average Tennessee home value ($319,457 in 2024) has a 4.51% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Tennessee grew 47.6%.
  • From 2010 to 2020, Tennessee home values had a 4.70% CAGR; from 2000 to 2010, 2.13% CAGR.

Texas Home Purchase Return on Investment

The average Texas single-family home has a 4.77% annual ROI (2000-2024); an average condo or co-op has a 3.97% annual ROI.

  • The ROI for an average Texas home purchased in 2000 and sold in 2024 is 306% ($344,521).
  • As of 2024, an average Texas condo or co-op home purchased in 2000 has a 254% ROI ($263,486).
  • For an average Texas home purchased in 2020, the ROI in 2024 is 56.9% ($127,392).
  • The 2020-2024 ROI for a condo in Texas is 17.4% ($32,783).
  • The average mortgage balance in Texas was $230,940 in 2023, representing 76.2% of that year’s average home value and 91.3% of the average condo.
  • A recent 10-year ROI for a home in Texas is 119% (2010-2020).
  • The 20-year ROI for a home Texas is 201% (2000-2020).
  • The average Texas home value ($302,432 in 2024) has a 4.21% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Texas grew 35.1%.
  • From 2010 to 2020, Texas home values had a 4.95% CAGR; from 2000 to 2010, 2.07% CAGR.

Utah Home Purchase Return on Investment

The average Utah single-family home has a 4.14% annual ROI (2000-2024); an average condo or co-op has a 3.49% annual ROI.

  • The ROI for an average Utah home purchased in 2000 and sold in 2024 is 265% ($469,174).
  • As of 2024, an average Utah condo or co-op home purchased in 2000 has a 228% ROI ($344,507).
  • For an average Utah home purchased in 2020, the ROI in 2024 is 47.6% ($180,089).
  • The 2020-2024 ROI for a condo in Utah is 6.67% ($19,505).
  • The average mortgage balance in Utah was $294,227 in 2023, representing 56.4% of that year’s average home value and 73.7% of the average condo.
  • A recent 10-year ROI for a home in Utah is 115% (2010-2020).
  • The 20-year ROI for a home Utah is 166% (2000-2020).
  • The average Utah home value ($527,748 in 2024) has a 4.65% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Utah grew 39.5%.
  • From 2010 to 2020, Utah home values had a 6.32% CAGR; from 2000 to 2010, 1.46% CAGR.

Vermont Home Purchase Return on Investment

The average Vermont single-family home has a 4.92% annual ROI (2000-2024); an average condo or co-op has a 3.99% annual ROI.

  • The ROI for an average Vermont home purchased in 2000 and sold in 2024 is 317% ($381,488).
  • As of 2024, an average Vermont condo or co-op home purchased in 2000 has a 256% ROI ($316,260).
  • For an average Vermont home purchased in 2020, the ROI in 2024 is 54.7% ($155,796).
  • The 2020-2024 ROI for a condo in Vermont is 23.2% ($57,068).
  • The average mortgage balance in Vermont was $171,339 in 2023, representing 43.5% of that year’s average home value and 48.5% of the average condo.
  • A recent 10-year ROI for a home in Vermont is 55.5% (2010-2020).
  • The 20-year ROI for a home Vermont is 193% (2000-2020).
  • The average Vermont home value ($399,124 in 2024) has a 5.12% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Vermont grew 40.2%.
  • From 2010 to 2020, Vermont home values had a 2.85% CAGR; from 2000 to 2010, 5.96% CAGR.

Virginia Home Purchase Return on Investment

The average Virginia single-family home has a 5.13% annual ROI (2000-2024); an average condo or co-op has a 4.99% annual ROI.

  • The ROI for an average Virginia home purchased in 2000 and sold in 2024 is 332% ($431,498).
  • As of 2024, an average Virginia condo or co-op home purchased in 2000 has a 321% ROI ($352,208).
  • For an average Virginia home purchased in 2020, the ROI in 2024 is 54.2% ($158,338).
  • The 2020-2024 ROI for a condo in Virginia is 6.78% ($17,969).
  • The average mortgage balance in Virginia was $278,177 in 2023, representing 73.2% of that year’s average home value and 85.5% of the average condo.
  • A recent 10-year ROI for a home in Virginia is 67.6% (2010-2020).
  • The 20-year ROI for a home Virginia is 218% (2000-2020).
  • The average Virginia home value ($397,724 in 2024) has a 4.78% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Virginia grew 36.2%.
  • From 2010 to 2020, Virginia home values had a 2.82% CAGR; from 2000 to 2010, 5.47% CAGR.

Washington Home Purchase Return on Investment

The average Washington single-family home has a 4.45% annual ROI (2000-2024); an average condo or co-op has a 3.82% annual ROI.

  • The ROI for an average Washington home purchased in 2000 and sold in 2024 is 285% ($519,767).
  • As of 2024, an average Washington condo or co-op home purchased in 2000 has a 246% ROI ($371,362).
  • For an average Washington home purchased in 2020, the ROI in 2024 is 42.3% ($187,496).
  • The 2020-2024 ROI for a condo in Washington is a loss of 7.31% ($25,497).
  • The average mortgage balance in Washington was $344,397 in 2023, representing 58.7% of that year’s average home value and 80.0% of the average condo.
  • A recent 10-year ROI for a home in Washington is 89.1% (2010-2020).
  • The 20-year ROI for a home Washington is 185% (2000-2020).
  • The average Washington home value ($605,784 in 2024) has a 5.12% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Washington grew 36.8%.
  • From 2010 to 2020, Washington home values had a 5.45% CAGR; from 2000 to 2010, 3.61% CAGR.

West Virginia Home Purchase Return on Investment

The average West Virginia single-family home has a 4.25% annual ROI (2000-2024); an average condo or co-op has a 3.14% annual ROI.

  • The ROI for an average West Virginia home purchased in 2000 and sold in 2024 is 272% ($202,905).
  • As of 2024, an average West Virginia condo or co-op home purchased in 2000 has a 210% ROI ($174,260).
  • For an average West Virginia home purchased in 2020, the ROI in 2024 is 59.2% ($74,181).
  • The 2020-2024 ROI for a condo in West Virginia is 21.5% ($27,481).
  • The average mortgage balance in West Virginia was $129,889 in 2023, representing 81.6% of that year’s average home value and 76.4% of the average condo.
  • A recent 10-year ROI for a home in West Virginia is 75.1% (2010-2020).
  • The 20-year ROI for a home West Virginia is 180% (2000-2020).
  • The average West Virginia home value ($167,750 in 2024) has a 3.43% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in West Virginia grew 33.9%.
  • From 2010 to 2020, West Virginia home values had a 2.09% CAGR; from 2000 to 2010, 3.15% CAGR.

Wisconsin Home Purchase Return on Investment

The average Wisconsin single-family home has a 2.93% annual ROI (2000-2024); an average condo or co-op has a 2.53% annual ROI.

  • The ROI for an average Wisconsin home purchased in 2000 and sold in 2024 is 200% ($247,623).
  • As of 2024, an average Wisconsin condo or co-op home purchased in 2000 has a 182% ROI ($208,948).
  • For an average Wisconsin home purchased in 2020, the ROI in 2024 is 45.2% ($101,049).
  • The 2020-2024 ROI for a condo in Wisconsin is 1.15% ($2,260).
  • The average mortgage balance in Wisconsin was $163,940 in 2023, representing 55.4% of that year’s average home value and 64.0% of the average condo.
  • A recent 10-year ROI for a home in Wisconsin is 56.2% (2010-2020).
  • The 20-year ROI for a home Wisconsin is 121% (2000-2020).
  • The average Wisconsin home value ($310,095 in 2024) has a 3.90% CAGR since 2000.
  • Between 2020 and 2024, the value of a single-family home in Wisconsin grew 38.8%.
  • From 2010 to 2020, Wisconsin home values had a 3.22% CAGR; from 2000 to 2010, 2.78% CAGR.

Wyoming Home Purchase Return on Investment

For an average Wyoming home purchased in 2020, the ROI in 2024 is 40.3% ($108,713).

  • The average mortgage balance in Wyoming was $228,945 in 2023, representing 67.0% of that year’s average home value and 45.4% of the average condo.
  • A recent 10-year ROI for a home in Wyoming is 52.8% (2010-2020).
  • The average Wyoming home value ($352,035 in 2024) grew 30.42% between 2020 and 2024.
  • From 2010 to 2020, Wyoming home values had a 2.98% CAGR.

House Flipping Returns

The house flipping isn’t as lucrative now as it was several years ago, but certain markets are still very active. High returns depend on careful planning and focus on the best home improvements for resale.

  • 38.7% is the national average ROI for a flipped house.
  • Nationwide, flipping a house averages a $121,325 ROI.
  • Market volatility makes predicting ROI on a particular building difficult if not impossible.
  • Statistical trends indicate that rental rates are increasing as homeownership falls out of favor in certain regions.

Real Estate Market Investment

Real estate indices suggest that real estate investments suffered through 2020, with consequences unevenly distributed throughout the industry.

  • The Dow Jones U.S. Real Estate Index indicates the average 1-year return on real estate is 18.5% as of November 2024.
  • A 3-year average annualized return is -4.33%; 5-year and 10-year annualized returns average 0.65% and 2.53%, respectively.
  • The Standard & Poor’s (S&P) 500 Real Estate Index reports the average 1-year return at 19.45% as of November 2024.
  • A 3-year average annualized return on the S&P is -3.71%; 5-year and 10-year annualized returns average 2.57% and 4.04%, respectively
  • S&P’s U.S. Real Estate Investment Trust (REIT) has a 1-year ROI of 21.61%.
  • A 3-year average annualized return on REIT is -2.93%; 5-year and 10-year annualized returns average 1.26% and 2.34%, respectively

Real Estate Trusts & Funds

REITs may be attractive to new investors who want to learn how to start investing in real estate, especially those who already have experience with stock market investments.

  • REITs are required to return 90% of taxable income to shareholders in order to receive special tax considerations.
  • Established through the Cigar Excise Tax Extension of 1960, REITs became commonplace in the 1980s and ’90s.
  • One study found that REITs delivered the highest 30-year return on investment compared to other types of real estate investments.
  • Equity REITs outearned apartment building investments by 102.2%, and they outearned hotel investments 231.7%.

Historical Real Estate Investment Returns

While real estate has historically been considered the best investment, the market can also be volatile.

  • 1-year real estate investment returns hit their highest point in 1946, with that year’s S&P hitting 24.10%.
  • In 2008, the average 1-year return fell to -12.00%, its lowest point prior to 2020.
  • Prior to the 2020 crash, the average annual return in the 21st Century was 4.12%.
  • Also prior to the 2020 crash, the average 10-year ROI was 39.54%; the average 20-year ROI was 82.49%.

Sources

  1. Federal Reserve Economic Data
  2. S&P Dow Jones Indices, Dow Jones U.S. Real Estate Index
  3. National Association of Realtors® (NAR)
  4. National Council of Real Estate Investment Fiduciaries, Data Products
  5. State Farm Mutual Automobile Insurance Company, How Much to Budget for Home Maintenance
  6. Progressive Casualty Insurance Company, How to Choose a Deck Size
  7. ATTOM Data Solutions, Archives: Reports
  8. U.S. Census Bureau
  9. Airbnb
  10. National Apartment Association
  11. National Bureau of Economic Research, Total Returns to Single Family Rentals
  12. National Association for Industrial and Office Parks
  13. National Association of Home Builders, Eye on Housing
  14. Zillow, United States Housing Data
  15. Realtor.com, Real Estate Data Library
  16. Attom Data Solutions, U.S. Home Flipping Rate Reaches a Nine-Year High in Q1 2019
  17. Fixr, How Much Does It Cost to Build the Average Hotel?
  18. PEW Research Center, Prompted by Pandemic, Some States Buy Hotels for the Homeless 
  19. National Apartment Association, 2019 NAA Survey of Operating Income & Expenses in Rental Apartment Communities
  20. Public Library of Science, 120 Years of U.S. Residential Housing Stock and Floor Space
  21. Urban Land Institute, Emerging Trends in Real Estate®: United States & Canada 2021
  22. American Association of Retired Persons, Vacation Home Rentals Billed as Safer Alternatives to Hotels
  23. Phocus Wire, Touchless Tech: How Short-Term Rentals Are Simplifying Stays Amid COVID-19
  24. University of New Hampshire, U.S. Real Estate Investment Performance: 1983-2012
  25. Quartz, Hotels Are Shrinking Rooms and Adding More Places to be Alone with Other People
  26. HospitalityNet, The Growth of Microhotels in North America
  27. The Journal of Real Estate Finance and Economics, Why Are Small and Medium Multifamily Properties So Inexpensive?
  28. ETF Database, Real Estate ETFs