Rental Markets in Massachusetts

DoorBase tracks rental market data across Massachusetts by ZIP code. This state page is a crawlable index for investors comparing rents, cap-rate estimates, vacancy, demographics, home values, renter share, household income, and employment conditions before drilling into individual ZIP pages.

Massachusetts Rental Market Overview

The current sample of indexable Massachusetts ZIP markets shows average median rent of $2,663, average median home value of $661,935, average cap-rate high of 3.9%, average vacancy of 5.4%, renter ratio near 46.3%, and median household income around $97,944. These statewide figures are directional and should be used to compare markets before reviewing a specific ZIP code.

Massachusetts is not one rental market. Large cities, inner suburbs, commuter towns, college markets, rural counties, resort areas, and industrial corridors can produce very different rent levels and ownership economics. DoorBase keeps the canonical content at the ZIP level so investors can move from a broad state view into the most precise local data available.

Featured Massachusetts ZIP Markets

ZIP	City	Rent	Cap Rate	Vacancy	Population
02301	Brockton	$2,200	2.3-3.9%	5.4%	68,608
02148	Malden	$2,896	2.3-3.9%	6.1%	65,509
02360	Plymouth	$2,794	2.3-3.9%	9.7%	62,405
02155	Medford	$3,589	2.3-3.9%	5%	61,276
02169	Quincy	$2,771	2.3-3.9%	5%	60,928
02151	Revere	$2,811	2.5-4.1%	8.2%	59,949
02124	Boston	$3,039	2.4-4%	6%	55,897
01960	Peabody	$2,857	2.1-3.7%	3.1%	53,961
01844	Methuen	$2,535	2.1-3.7%	3.6%	53,015
01841	Lawrence	$2,245	2.5-4.1%	2.6%	52,761
02780	Taunton	$2,075	2.1-3.7%	5%	52,530
01902	Lynn	$2,250	2.2-3.8%	2.8%	51,680
02149	Everett	$2,803	2.4-4%	6.9%	49,236
02703	Attleboro	$2,362	2.3-3.9%	6.6%	46,479
02740	New Bedford	$1,909	2.4-4%	4.6%	46,336
01201	Pittsfield	$1,576	2.9-4.5%	10.5%	45,072
02128	Boston	$3,137	2.6-4.2%	7.9%	44,124
01970	Salem	$2,658	2.4-4%	5.8%	44,115
02135	Boston	$2,996	2.5-4.1%	6.4%	43,683
01453	Leominster	$1,899	2.1-3.7%	4%	43,635
01420	Fitchburg	$1,799	2.4-4%	5.9%	41,677
01915	Beverly	$2,775	1.8-3.4%	4.3%	41,656
01085	Westfield	$1,939	2.8-4.4%	6.2%	41,466
01752	Marlborough	$2,634	2.5-4.1%	4.2%	41,398
01801	Woburn	$2,821	1.9-3.5%	3.7%	41,205
02130	Boston	$3,204	2.1-3.7%	4.6%	41,109
01604	Worcester	$2,178	2.9-4.5%	7.7%	39,988
01702	Framingham	$2,312	2.2-3.8%	4.2%	39,761
02139	Cambridge	$3,517	1.7-3.3%	5.1%	39,609
02150	Chelsea	$2,665	2.9-4.5%	4.5%	39,444
02184	Braintree	$2,982	2.1-3.7%	4.6%	38,762
01545	Shrewsbury	$2,326	1.6-3.2%	5.3%	38,440
02138	Cambridge	$3,275	1.3-2.9%	11.7%	38,077
02136	Boston	$2,853	2.4-4%	3.3%	38,071
01040	Holyoke	$1,863	3.2-4.8%	9%	37,949
01852	Lowell	$2,223	2.6-4.2%	3.6%	36,700
02127	Boston	$3,842	2.4-4%	8.2%	36,646
01760	Natick	$3,015	1.6-3.2%	3%	36,520
02302	Brockton	$2,675	3.1-4.7%	3.7%	36,472
01810	Andover	$2,848	1.2-2.8%	3.8%	35,608
02472	Watertown	$3,092	1.9-3.5%	5%	35,317
02368	Randolph	$2,614	2.4-4%	3.3%	34,736
02125	Boston	$3,287	2.9-4.5%	8.3%	33,069
02038	Franklin	$2,663	1.9-3.5%	4.3%	33,067
01826	Dracut	$2,269	2-3.6%	2.7%	32,373
01851	Lowell	$2,451	2.6-4.2%	3.7%	32,308
01701	Framingham	$2,775	2.1-3.7%	2.5%	32,270
01845	North Andover	$2,903	1.8-3.4%	4.1%	31,881
02131	Boston	$3,047	2.3-3.9%	6.1%	31,564
01109	Springfield	$2,166	4.7-6.3%	9.6%	31,418
02062	Norwood	$2,491	1.6-3.2%	4.7%	31,380
02446	Brookline	$3,563	1.7-3.3%	5.7%	31,109
01605	Worcester	$2,321	3-4.6%	6.8%	31,086
02720	Fall River	$1,904	2.2-3.8%	4.3%	31,063
01876	Tewksbury	$2,884	2.3-3.9%	3.1%	30,962
01757	Milford	$2,300	2.2-3.8%	3.6%	30,473
02453	Waltham	$2,834	1.7-3.3%	3.6%	30,314
01020	Chicopee	$1,662	2.8-4.4%	4.1%	30,230
01821	Billerica	$2,732	2-3.6%	1.3%	30,203
01930	Gloucester	$2,735	1.7-3.3%	9.9%	29,862

Notable ZIP Markets in This Sample

The highest estimated cap-rate band in this sample tops out at 6.3% in ZIP 01109 (Springfield).

The lowest vacancy in this sample is 1.3% in ZIP 01821 (Billerica).

The highest median rent in this sample is $3,879 in ZIP 02118 (Boston).

The highest median household income in this sample is $177,790 in ZIP 02478 (Belmont).

Rental Markets by City

Boston

Boston has 12 ZIP codes in this sample. Median rents range from $2,842 to $3,879. Estimated cap-rate bands reach up to 4.5% at the high end. Vacancy averages 7.5%. See ZIP 02124 for the full market profile.

Worcester

Worcester has 3 ZIP codes in this sample. Median rents range from $2,100 to $2,321. Estimated cap-rate bands reach up to 4.8% at the high end. Vacancy averages 8.1%. See ZIP 01604 for the full market profile.

Lowell

Lowell has 3 ZIP codes in this sample. Median rents range from $2,223 to $2,451. Estimated cap-rate bands reach up to 4.3% at the high end. Vacancy averages 4.2%. See ZIP 01852 for the full market profile.

Brockton

Brockton has 2 ZIP codes in this sample. Median rents range from $2,200 to $2,675. Estimated cap-rate bands reach up to 4.7% at the high end. Vacancy averages 4.6%. See ZIP 02301 for the full market profile.

Lawrence

Lawrence has 2 ZIP codes in this sample. Median rents range from $2,245 to $2,432. Estimated cap-rate bands reach up to 4.1% at the high end. Vacancy averages 2.9%. See ZIP 01841 for the full market profile.

Lynn

Lynn has 2 ZIP codes in this sample. Median rents range from $2,250 to $2,692. Estimated cap-rate bands reach up to 4.2% at the high end. Vacancy averages 4.2%. See ZIP 01902 for the full market profile.

Cambridge

Cambridge has 2 ZIP codes in this sample. Median rents range from $3,275 to $3,517. Estimated cap-rate bands reach up to 3.3% at the high end. Vacancy averages 8.4%. See ZIP 02139 for the full market profile.

Framingham

Framingham has 2 ZIP codes in this sample. Median rents range from $2,312 to $2,775. Estimated cap-rate bands reach up to 3.8% at the high end. Vacancy averages 3.4%. See ZIP 01702 for the full market profile.

Springfield

Springfield has 2 ZIP codes in this sample. Median rents range from $1,942 to $2,166. Estimated cap-rate bands reach up to 6.3% at the high end. Vacancy averages 8.3%. See ZIP 01109 for the full market profile.

Malden

Malden has 1 ZIP code in this sample. Sample median rent is $2,896. Estimated cap-rate bands reach up to 3.9% at the high end. Vacancy averages 6.1%. See ZIP 02148 for the full market profile.

Plymouth

Plymouth has 1 ZIP code in this sample. Sample median rent is $2,794. Estimated cap-rate bands reach up to 3.9% at the high end. Vacancy averages 9.7%. See ZIP 02360 for the full market profile.

Medford

Medford has 1 ZIP code in this sample. Sample median rent is $3,589. Estimated cap-rate bands reach up to 3.9% at the high end. Vacancy averages 5.0%. See ZIP 02155 for the full market profile.

How to Use the Massachusetts Directory

Start with the state page to understand the range of rental markets, then open individual ZIP pages for the numbers that matter most to underwriting. A state average can hide important local differences. One ZIP may have stronger rent growth and lower vacancy while a nearby ZIP has better purchase prices but weaker renter demand.

The most useful investor workflow is to compare rent, cap rate, vacancy, home value, renter ratio, household income, population growth, unemployment, and job growth together. No single number is enough. A high cap-rate estimate can be offset by weak income, high vacancy, or limited tenant demand. A lower cap-rate estimate can still make sense if the market has strong income, job growth, and durable renter demand.

State Coverage and Internal Links

This page links into the canonical ZIP URL structure, such as /rentals/ma/30318, without bringing back city parent pages. That structure keeps DoorBase clean for search engines: state pages organize the directory, ZIP pages hold the canonical data, and future market guides can exist separately as heavier editorial SEO hubs.

DoorBase currently tracks 80 sampled ZIP markets across 59 Massachusetts cities in this crawlable state summary. The live React page may show a broader interactive directory after JavaScript loads, while this fallback body ensures crawlers receive meaningful text and links immediately.