2024 · Massachusetts
Rental yield in Massachusetts
In 2024, the typical rental in Massachusetts produced a gross yield of 3.7% — $1,848/mo median rent against a $607K median home value, ranking 44th of 51 states.
3.7%
Gross rental yield
below the 4.9% U.S. median
$1,848/mo
Median gross rent
incl. utilities (ACS)
$607K
Median home value
owner-occupied (ACS)
Massachusetts metros by yield
Metropolitan areas in Massachusetts with at least 65,000 residents, ranked by gross rental yield.
| Metro | Gross yield | Median rent | Median value |
|---|---|---|---|
| Springfield, MA | 4.2% | $1,158/mo | $331K |
| Amherst Town-Northampton, MA | 4.1% | $1,425/mo | $413K |
| Pittsfield, MA | 4.1% | $1,102/mo | $326K |
| Worcester, MA | 4.0% | $1,563/mo | $466K |
| Boston-Cambridge-Newton, MA-NH | 3.7% | $2,093/mo | $681K |
| Providence-Warwick, RI-MA | 3.6% | $1,396/mo | $471K |
| Barnstable Town, MA | 2.7% | $1,577/mo | $693K |
Frequently asked questions
What is the gross rental yield in Massachusetts?
In 2024, Massachusetts had a gross rental yield of 3.7% — $1,848/mo median gross rent against a $607K median home value. That ranks 44th of 51 states (1 = highest yield). Nationally the figure was 4.9%.
Which Massachusetts metros have the best rental yield?
Among Massachusetts metros covered by the data, gross yield was highest in Springfield, MA (4.2%), Amherst Town-Northampton, MA (4.1%), and Pittsfield, MA (4.1%).
Does this account for expenses or financing?
No. Gross yield is a top-line market screen — it excludes property taxes, insurance, vacancy, management, and financing. Use it to compare markets, then run a specific deal through a cap-rate or cash-flow calculator.
How investors finance deals in Massachusetts
Yield shows where the numbers work; our Investor Financing Report for Massachusetts shows the rate premium, denial rate, and DSCR lending investors face there.
Run a Massachusetts deal
Source: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Gross rental yield = (median gross rent × 12) ÷ median home value. A market screen, not a net return.