Market Data
Updated dailyas of 2026-06-10 · source: treasury.govThe rental investor's market terminal
The three numbers that decide whether your next deal pencils: where Treasury yields are, what DSCR money costs because of it, and which markets the math still works in.
10-Year Treasury Yield
Last 8 trading days · treasury.gov daily yield curve
What this means for your rate
DSCR lenders price off the 10-year Treasury: 10Y yield + spread = your rate. Spreads run roughly 225–375 bps depending on your DSCR ratio, LTV, credit, and prepay structure. When the 10Y moves, DSCR quotes move within days — that's why this number is at the top of the page.
Ranges below are illustrative, not lender quotes. Get a real quote →
Leaderboard
DSCR Hot Cities
The 15 US metros where rent-to-price ratios make DSCR loans easiest to qualify — ranked by our composite score. Click any market to run it through the DSCR calculator.
| # | |||||||
|---|---|---|---|---|---|---|---|
| 1 | Detroit, MI | $98,000 | $1,080 | 1.10% | 4.6% | 1.9% | 89 |
| 2 | Birmingham, AL | $168,000 | $1,380 | 0.82% | 3.5% | 0.7% | 87 |
| 3 | Cleveland, OH | $145,000 | $1,340 | 0.92% | 4.2% | 2.2% | 86 |
| 4 | Memphis, TN | $162,000 | $1,400 | 0.86% | 3.1% | 1.2% | 85 |
| 5 | Toledo, OH | $122,000 | $1,120 | 0.92% | 3.8% | 2.1% | 84 |
| 6 | Little Rock, AR | $178,000 | $1,280 | 0.72% | 2.6% | 0.6% | 76 |
| 7 | Indianapolis, IN | $238,000 | $1,560 | 0.66% | 3.4% | 0.8% | 75 |
| 8 | Oklahoma City, OK | $215,000 | $1,430 | 0.67% | 3.3% | 1.0% | 74 |
| 9 | Pittsburgh, PA | $219,000 | $1,620 | 0.74% | 3.2% | 1.8% | 73 |
| 10 | St. Louis, MO | $185,000 | $1,320 | 0.71% | 2.9% | 1.4% | 73 |
| 11 | Cincinnati, OH | $232,000 | $1,500 | 0.65% | 3.7% | 1.7% | 70 |
| 12 | Kansas City, MO | $252,000 | $1,490 | 0.59% | 3.0% | 1.3% | 66 |
| 13 | Tampa, FL | $385,000 | $2,180 | 0.57% | 1.2% | 0.9% | 58 |
| 14 | Phoenix, AZ | $445,000 | $2,070 | 0.47% | 0.8% | 0.6% | 50 |
| 15 | Austin, TX | $532,000 | $2,110 | 0.40% | -0.6% | 1.6% | 35 |
Click a column to sort · click a market to pre-fill the calculator
Leaderboard
STR Hot Markets
Top short-term rental markets by gross yield, occupancy, and regulation risk. Click any market to size revenue and a loan in the STR calculator.
| # | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1 | Logan (Hocking Hills), OH | $256 | 55.0% | $141 | $335,000 | 15.3% | low | 82 |
| 2 | Hot Springs, AR | $178 | 54.0% | $96 | $252,000 | 13.9% | low | 78 |
| 3 | Myrtle Beach, SC | $182 | 59.0% | $107 | $318,000 | 12.3% | low | 75 |
| 4 | Broken Bow, OK | $312 | 52.0% | $162 | $465,000 | 12.7% | low | 73 |
| 5 | Branson, MO | $168 | 56.0% | $94 | $285,000 | 12.0% | low | 73 |
| 6 | Pocono Lake, PA | $322 | 48.0% | $155 | $365,000 | 15.5% | medium | 72 |
| 7 | Panama City Beach, FL | $232 | 58.0% | $135 | $425,000 | 11.6% | low | 72 |
| 8 | Kissimmee, FL | $195 | 61.0% | $119 | $389,000 | 11.2% | low | 72 |
| 9 | Gatlinburg, TN | $285 | 58.0% | $165 | $545,000 | 11.1% | low | 71 |
| 10 | Galveston, TX | $218 | 53.0% | $116 | $352,000 | 12.0% | low | 71 |
| 11 | Gulf Shores, AL | $248 | 57.0% | $141 | $485,000 | 10.6% | low | 69 |
| 12 | Pigeon Forge, TN | $268 | 60.0% | $161 | $585,000 | 10.0% | low | 68 |
| 13 | Blue Ridge, GA | $295 | 54.0% | $159 | $525,000 | 11.1% | medium | 61 |
| 14 | Joshua Tree, CA | $244 | 55.0% | $134 | $472,000 | 10.4% | medium | 59 |
| 15 | Big Bear Lake, CA | $286 | 49.0% | $140 | $612,000 | 8.4% | high | 44 |
Click a column to sort · click a market to pre-fill the calculator
Methodology & sources
How the DSCR city score works
score (0-100) = 60 x min(rent_to_price / 0.0090, 1) + 25 x min(max(yoy_rent_growth, 0) / 5.0, 1) + 15 x clamp((2.80 - property_tax_pct) / 2.00, 0, 1). Rent-to-price (monthly rent / median price) is the dominant factor because it drives the DSCR ratio lenders underwrite to; rent growth rewards momentum; the tax term rewards low carrying costs. A rent-to-price of 0.90%+ ('the 1% rule neighborhood') maxes the first term. All figures are metro-level estimates assembled from public market data (Zillow ZHVI/ZORI-style medians, Census, county tax rates) and are illustrative — verify before underwriting any deal. See UPDATE_DATA.md for the refresh playbook.
How the STR market score works
score (0-100) = 60 x min(gross_yield / 0.20, 1) + 25 x min(occupancy_pct / 65, 1) + regulation bonus (low: +15, medium: +7, high: +0). gross_yield = ADR x 365 x occupancy / median_price — the rawest measure of how hard a dollar of purchase price works in a market. Occupancy rewards demand depth (markets that fill mid-week, not just holiday weekends). The regulation term penalizes markets where permit caps, moratoriums, or zoning fights threaten the business model. ADR/occupancy figures are market-level estimates in the spirit of AirDNA/Key Data public reports; all numbers are illustrative — pull a rentalizer-style comp report before underwriting. See UPDATE_DATA.md for the refresh playbook.
Where the rates come from
The 10-year Treasury yield is pulled live from the U.S. Treasury's daily yield curve feed (treasury.gov) and cached for six hours. Spreads are ILLUSTRATIVE market-typical ranges over the 10-year Treasury yield, not lender quotes. DSCR rates commonly price 225-375bps over the 10Y depending on LTV, DSCR ratio, credit, prepay structure, and property type. STR/vacation-rental DSCR loans typically carry a 25-50bps premium. ten_year_fallback is the last manually verified 10Y close, used only when the live treasury.gov feed is unreachable.
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