What are senior housing cap rates in 2026?
Direct answer
Senior housing cap rates in 2026 vary by care type and market: about 6.1% for core Class A independent living, 7.0% for core assisted living, 7.2% for non-core assisted living, 8.5% to 10% or more for rural assisted living, 7.5% to 8.5% for attached memory care, about 9.6% for free-standing memory care and 5.5% to 7.0% for CCRCs.
What to know
Skilled nursing runs higher: about 8.0% to 9.5% in certificate-of-need states and 11% to 17% elsewhere.
Your community's cap rate also depends on occupancy, payor mix, building age and survey history.
Lower cap rates mean higher value for the same NOI.
How Haven helps
Haven tracks cap rates by state and care type. See our senior housing cap rates by state.