Region · Census Pacific division · West
Pacific rental markets
The Pacific coast and noncontiguous states. 5 states and 387 ranked cities, summarized by the median Overall across those cities.
The honest read
Pacific ranks #9 of 9 U.S. regions for rental investing, with a median Overall of 35.2/100 across its ranked cities, below the national median. 5 states make up this division.
A region grade is the median of its ranked cities, a screen for where to look, not underwriting. Open any city below for its full shown-math breakdown, or run a specific deal through the cap rate and cash-flow calculators.
Where it ranks, factor by factor
Every value is the median across the 387 ranked cities in this region. The national rank compares all 9 regions on that one factor; the engine already flips inverted factors (affordability, low unemployment) so a better rank always means a better market. Each factor sits in one of the model’s three categories (Cash Flow, Growth, or Stability); this is a representative summary, and the full thirteen-factor breakdown is on each city’s page. Full methodology.
| Factor | Category | Region value | National rank |
|---|---|---|---|
| Gross rent yield | Cash Flow | 4.0% | not measured |
| Rent growth | Growth | 3.7% | not measured |
| Home value growth | Growth | 3.7% | not measured |
| Population growth | Growth | 0.2% | not measured |
| Job growth | Growth | 0.6% | not measured |
| Price-to-income | Cash Flow | 8.6× | not measured |
| Unemployment | Stability | 4.5% | not measured |
| Rental demand | Stability | 46% renters · 405.0% vacancy | not measured |
| Income growth | Growth | 6.5% | not measured |
States in the Pacific division
Ranked by median Overall across each state's ranked cities. Each links to its full state analysis, and from there to its cities.
| Div rank | State | Overall score | Grade | Gross yield | Home-value growth | Price-to-income | Ranked cities |
|---|---|---|---|---|---|---|---|
| #36 | Oregon | 42.4 | D | 4.2% | 2.4% | 6.4× | 30 |
| #44 | Washington | 38.5 | D | 3.8% | 3.8% | 7.0× | 57 |
| #48 | Alaska | 32.3 | F | 5.1% | 3.0% | 4.4× | 3 |
| #49 | California | 32 | F | 4.0% | 3.8% | 9.0× | 296 |
| #50 | Hawaii | 31.2 | F | 4.2% | 0.9% | 9.0× | 1 |
Data as of: Zillow ZHVI/ZORI through the latest monthly release · Census ACS 5-yr 2019–2023 · Census PEP July 2024 · BLS LAUS county 2023 annual. Generated 2026-09-01. Methodology & limitations · underwrite any specific deal with the free calculators.