Report · June 2026

2026 Real Estate Meta Lead Quality Benchmark Report.

A Lead Quality Index that pairs CPL with CTR, CPC, and lead-to-close rate — so a $4 lead that never converts is no longer mistaken for a good lead.

National LQI[1]
National Avg CPL[1]
National Avg CTR[1]
Lead-to-Close Rate[1]
Lead Quality Index[1]

How the LQI is built.

Engagement · 35%
CTR

Scored against a 3% CTR ceiling. Captures creative–audience fit.

Efficiency · 30%
CPL vs. $8 floor

Inverse-scored: $8 CPL or below maxes the component.

Downstream · 35%
Lead-to-Close

Scored against a 2.5% close-rate ceiling. Punishes cheap, weak leads.

Project your score

Lead Quality Index calculator.

Plug in your CTR, CPC, CPL, and lead-to-close rate to see how your campaign would score against the Walled Garden HQ benchmark.

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$
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Benchmarking against:
Projected LQI
66.4
Strong
Implied landing-page conversion: 10.25%
CPL vs. CTR[1]

Where cheap leads meet real engagement.

Each point is one state. Bubble size scales with lead-to-close rate — the top-right corner with the largest bubbles is the quality zone.

Quality Rankings[1]

Top and bottom states by Lead Quality Index.

Top 10 — Highest LQI
Bottom 10 — Lowest LQI
State Rankings[1]

Lead quality by state — all 50 + DC.

State LQI CPL CTR Close % TierRegion
Methodology

How lead quality was measured.

The Lead Quality Index (LQI) is a 0–100 composite that weights CTR at 35% (engagement), CPL efficiency at 30% (a $8 floor inverse-scored), and lead-to-close rate at 35% (downstream conversion). Inputs come from real estate Facebook and Instagram campaigns running on the Walled Garden ad infrastructure over a trailing 12 months ending June 2026.[1]

All campaigns operate under Meta's Special Ad Category for Housing, which restricts targeting and structurally lifts CPMs and CPCs.[6] Third-party benchmarks from WordStream, Hootsuite, Revealbot, and NAR were used to validate CTR, CPC, and lead-to-close ranges.[2,3,4,5] State-level rows are modeled estimates derived from the aggregate platform pool and should be read directionally, not as guaranteed market rates.

FAQ

Questions about real estate lead quality.

Stop optimizing for cheap leads.

Walled Garden's Facebook & Instagram Ads Platform tunes for Lead Quality Index, not raw CPL — so the leads you pay for actually book and close.

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