Massachusetts — Rental Investment Markets
All Massachusetts metros ranked by cap rate. Median cap rate: 2.6%, median home price: $589,973.
Median Cap Rate
2.6%
Median Home Price
$589,973
Median Rent
$2,715/mo
| # | City | Cap Rate | Cash Flow | Home Price | Rent (3BR) | Verdict |
|---|---|---|---|---|---|---|
| 1 | North Adams, MA | 4.6% | -$384/mo | $256,485 | $1,640/mo | 🟡 MODERATE |
| 2 | Lanesboro, MA | 4.4% | -$602/mo | $370,466 | $2,310/mo | 🟡 MODERATE |
| 3 | Townsend, MA | 4.3% | -$910/mo | $514,148 | $3,115/mo | 🟡 MODERATE |
| 4 | Wareham, MA | 4.2% | -$897/mo | $484,827 | $2,890/mo | 🟡 MODERATE |
| 5 | Becket, MA | 4.2% | -$704/mo | $394,034 | $2,380/mo | 🟡 MODERATE |
| 6 | Pittsfield, MA | 4.2% | -$559/mo | $306,900 | $1,840/mo | 🟡 MODERATE |
| 7 | Blackstone, MA | 4.2% | -$900/mo | $485,212 | $2,890/mo | 🟡 MODERATE |
| 8 | Ashby, MA | 4.2% | -$902/mo | $485,488 | $2,890/mo | 🟡 MODERATE |
| 9 | Lancaster, MA | 4.1% | -$1,120/mo | $579,940 | $3,400/mo | 🟡 MODERATE |
| 10 | Brockton, MA | 4.0% | -$984/mo | $497,625 | $2,890/mo | 🟡 MODERATE |
| 11 | Springfield, MA | 3.9% | -$575/mo | $300,552 | $1,750/mo | 🔴 WEAK |
| 12 | Norton, MA | 3.8% | -$1,269/mo | $592,231 | $3,320/mo | 🔴 WEAK |
| 13 | Templeton, MA | 3.8% | -$921/mo | $420,118 | $2,330/mo | 🔴 WEAK |
| 14 | Lunenburg, MA | 3.8% | -$1,162/mo | $547,138 | $3,080/mo | 🔴 WEAK |
| 15 | Athol, MA | 3.8% | -$752/mo | $348,842 | $1,950/mo | 🔴 WEAK |
| 16 | Rowe, MA | 3.6% | -$792/mo | $340,133 | $1,830/mo | 🔴 WEAK |
| 17 | Dalton, MA | 3.5% | -$821/mo | $344,494 | $1,830/mo | 🔴 WEAK |
| 18 | Tewksbury, MA | 3.5% | -$1,628/mo | $679,545 | $3,600/mo | 🔴 WEAK |
| 19 | Lynn, MA | 3.4% | -$1,399/mo | $559,232 | $2,890/mo | 🔴 WEAK |
| 20 | Rockland, MA | 3.4% | -$1,374/mo | $555,497 | $2,890/mo | 🔴 WEAK |
| 21 | Chicopee, MA | 3.4% | -$808/mo | $314,230 | $1,700/mo | 🔴 WEAK |
| 22 | Hubbardston, MA | 3.4% | -$1,163/mo | $475,502 | $2,490/mo | 🔴 WEAK |
| 23 | Wilmington, MA | 3.4% | -$1,965/mo | $790,402 | $4,100/mo | 🔴 WEAK |
| 24 | Pembroke, MA | 3.3% | -$1,733/mo | $665,983 | $3,360/mo | 🔴 WEAK |
| 25 | Middleborough, MA | 3.3% | -$1,453/mo | $567,199 | $2,890/mo | 🔴 WEAK |
| 26 | Blandford, MA | 3.3% | -$950/mo | $366,008 | $1,850/mo | 🔴 WEAK |
| 27 | Baldwinville, MA | 3.3% | -$1,030/mo | $401,005 | $2,040/mo | 🔴 WEAK |
| 28 | Ayer, MA | 3.3% | -$1,467/mo | $569,379 | $2,890/mo | 🔴 WEAK |
| 29 | Halifax, MA | 3.3% | -$1,459/mo | $568,079 | $2,890/mo | 🔴 WEAK |
| 30 | Carver, MA | 3.2% | -$1,556/mo | $587,428 | $2,930/mo | 🔴 WEAK |
| 31 | Avon, MA | 3.2% | -$1,516/mo | $576,542 | $2,890/mo | 🔴 WEAK |
| 32 | Framingham, MA | 3.2% | -$1,694/mo | $639,576 | $3,190/mo | 🔴 WEAK |
| 33 | Hanson, MA | 3.2% | -$1,607/mo | $607,133 | $3,030/mo | 🔴 WEAK |
| 34 | Worcester, MA | 3.1% | -$1,132/mo | $424,005 | $2,020/mo | 🔴 WEAK |
| 35 | Agawam, MA | 3.1% | -$1,040/mo | $372,767 | $1,795/mo | 🔴 WEAK |
| 36 | Windsor, MA | 3.1% | -$933/mo | $345,265 | $1,700/mo | 🔴 WEAK |
| 37 | Devens, MA | 3.1% | -$1,633/mo | $593,913 | $2,890/mo | 🔴 WEAK |
| 38 | Orange, MA | 3.1% | -$879/mo | $319,103 | $1,550/mo | 🔴 WEAK |
| 39 | Palmer, MA | 3.1% | -$889/mo | $323,031 | $1,570/mo | 🔴 WEAK |
| 40 | Plainfield, MA | 3.0% | -$924/mo | $329,363 | $1,580/mo | 🔴 WEAK |
| 41 | North Attleboro, MA | 3.0% | -$1,712/mo | $605,688 | $2,890/mo | 🔴 WEAK |
| 42 | Pepperell, MA | 3.0% | -$1,721/mo | $606,983 | $2,890/mo | 🔴 WEAK |
| 43 | Weymouth, MA | 3.0% | -$1,687/mo | $614,125 | $2,995/mo | 🔴 WEAK |
| 44 | Lee, MA | 3.0% | -$1,190/mo | $421,222 | $2,010/mo | 🔴 WEAK |
| 45 | Bridgewater, MA | 3.0% | -$1,815/mo | $633,164 | $2,990/mo | 🔴 WEAK |
| 46 | Quincy, MA | 3.0% | -$1,972/mo | $709,943 | $3,400/mo | 🔴 WEAK |
| 47 | Whately, MA | 2.9% | -$1,326/mo | $459,638 | $2,160/mo | 🔴 WEAK |
| 48 | Hudson, MA | 2.9% | -$1,817/mo | $621,266 | $2,890/mo | 🔴 WEAK |
| 49 | Westminster, MA | 2.9% | -$1,602/mo | $544,290 | $2,520/mo | 🔴 WEAK |
| 50 | Lowell, MA | 2.9% | -$1,364/mo | $475,054 | $2,240/mo | 🔴 WEAK |
| 51 | North Brookfield, MA | 2.9% | -$1,140/mo | $388,132 | $1,800/mo | 🔴 WEAK |
| 52 | Taunton, MA | 2.9% | -$1,598/mo | $548,607 | $2,560/mo | 🔴 WEAK |
| 53 | Hardwick, MA | 2.9% | -$1,233/mo | $420,916 | $1,955/mo | 🔴 WEAK |
| 54 | Mendon, MA | 2.8% | -$2,145/mo | $712,585 | $3,240/mo | 🔴 WEAK |
| 55 | Leominster, MA | 2.8% | -$1,425/mo | $470,558 | $2,130/mo | 🔴 WEAK |
| 56 | Amesbury, MA | 2.8% | -$1,842/mo | $624,917 | $2,890/mo | 🔴 WEAK |
| 57 | Raynham, MA | 2.8% | -$1,908/mo | $643,223 | $2,960/mo | 🔴 WEAK |
| 58 | Clinton, MA | 2.8% | -$1,361/mo | $450,197 | $2,040/mo | 🔴 WEAK |
| 59 | Plymouth, MA | 2.8% | -$1,944/mo | $648,565 | $2,960/mo | 🔴 WEAK |
| 60 | Williamsburg, MA | 2.8% | -$1,286/mo | $428,066 | $1,950/mo | 🔴 WEAK |
| 61 | Richmond, MA | 2.7% | -$1,889/mo | $609,990 | $2,710/mo | 🔴 WEAK |
| 62 | Lakeville, MA | 2.7% | -$1,936/mo | $631,569 | $2,830/mo | 🔴 WEAK |
| 63 | Freetown, MA | 2.7% | -$1,788/mo | $587,715 | $2,650/mo | 🔴 WEAK |
| 64 | Boston, MA | 2.7% | -$2,317/mo | $819,538 | $3,805/mo | 🔴 WEAK |
| 65 | Hinsdale, MA | 2.7% | -$1,106/mo | $358,812 | $1,600/mo | 🔴 WEAK |
| 66 | Barre, MA | 2.6% | -$1,294/mo | $412,269 | $1,810/mo | 🔴 WEAK |
| 67 | Berlin, MA | 2.6% | -$2,131/mo | $667,841 | $2,890/mo | 🔴 WEAK |
| 68 | Cambridge, MA | 2.6% | -$3,690/mo | $1,099,595 | $4,850/mo | 🔴 WEAK |
| 69 | Merrimac, MA | 2.6% | -$2,097/mo | $662,818 | $2,890/mo | 🔴 WEAK |
| 70 | Warren, MA | 2.6% | -$1,301/mo | $412,077 | $1,800/mo | 🔴 WEAK |
| 71 | Yarmouth, MA | 2.6% | -$1,953/mo | $613,468 | $2,720/mo | 🔴 WEAK |
| 72 | Ware, MA | 2.6% | -$1,129/mo | $354,883 | $1,540/mo | 🔴 WEAK |
| 73 | Oxford, MA | 2.5% | -$1,394/mo | $425,829 | $1,800/mo | 🔴 WEAK |
| 74 | Westford, MA | 2.5% | -$2,730/mo | $845,517 | $3,620/mo | 🔴 WEAK |
| 75 | Northampton, MA | 2.5% | -$1,609/mo | $491,830 | $2,140/mo | 🔴 WEAK |
| 76 | Northborough, MA | 2.5% | -$2,257/mo | $701,180 | $3,010/mo | 🔴 WEAK |
| 77 | Waltham, MA | 2.5% | -$2,659/mo | $821,658 | $3,740/mo | 🔴 WEAK |
| 78 | Plympton, MA | 2.5% | -$2,163/mo | $672,568 | $2,890/mo | 🔴 WEAK |
| 79 | Dracut, MA | 2.4% | -$1,903/mo | $575,607 | $2,410/mo | 🔴 WEAK |
| 80 | Billerica, MA | 2.4% | -$2,355/mo | $705,962 | $2,930/mo | 🔴 WEAK |
| 81 | Foxborough, MA | 2.4% | -$2,425/mo | $721,206 | $2,970/mo | 🔴 WEAK |
| 82 | Leicester, MA | 2.4% | -$1,639/mo | $465,017 | $1,800/mo | 🔴 WEAK |
| 83 | Cummington, MA | 2.4% | -$1,285/mo | $382,906 | $1,580/mo | 🔴 WEAK |
| 84 | Georgetown, MA | 2.4% | -$2,601/mo | $783,814 | $3,270/mo | 🔴 WEAK |
| 85 | Somerset, MA | 2.4% | -$1,648/mo | $496,512 | $2,070/mo | 🔴 WEAK |
| 86 | Sturbridge, MA | 2.4% | -$1,718/mo | $520,887 | $2,185/mo | 🔴 WEAK |
| 87 | Lawrence, MA | 2.4% | -$1,623/mo | $487,887 | $2,140/mo | 🔴 WEAK |
| 88 | Chelmsford, MA | 2.4% | -$2,422/mo | $723,233 | $2,990/mo | 🔴 WEAK |
| 89 | Oakham, MA | 2.4% | -$1,573/mo | $478,014 | $2,010/mo | 🔴 WEAK |
| 90 | Somerville, MA | 2.3% | -$3,211/mo | $946,163 | $3,860/mo | 🔴 WEAK |
| 91 | Mansfield, MA | 2.3% | -$2,451/mo | $715,355 | $2,890/mo | 🔴 WEAK |
| 92 | Haverhill, MA | 2.3% | -$1,888/mo | $557,511 | $2,280/mo | 🔴 WEAK |
| 93 | Amherst, MA | 2.3% | -$1,815/mo | $534,656 | $2,180/mo | 🔴 WEAK |
| 94 | Holden, MA | 2.3% | -$1,858/mo | $548,974 | $2,245/mo | 🔴 WEAK |
| 95 | Bourne, MA | 2.2% | -$2,364/mo | $680,525 | $2,825/mo | 🔴 WEAK |
| 96 | New Braintree, MA | 2.2% | -$1,607/mo | $458,762 | $1,810/mo | 🔴 WEAK |
| 97 | Swansea, MA | 2.2% | -$1,794/mo | $516,896 | $2,060/mo | 🔴 WEAK |
| 98 | Uxbridge, MA | 2.2% | -$1,861/mo | $539,018 | $2,160/mo | 🔴 WEAK |
| 99 | Berkley, MA | 2.1% | -$2,266/mo | $629,474 | $2,410/mo | 🔴 WEAK |
| 100 | Westborough, MA | 2.1% | -$2,629/mo | $740,560 | $2,880/mo | 🔴 WEAK |
| 101 | Littleton, MA | 2.1% | -$2,822/mo | $792,280 | $3,070/mo | 🔴 WEAK |
| 102 | Sheffield, MA | 2.1% | -$1,666/mo | $459,642 | $1,745/mo | 🔴 WEAK |
| 103 | Northbridge, MA | 2.1% | -$1,882/mo | $526,204 | $2,030/mo | 🔴 WEAK |
| 104 | Grafton, MA | 2.1% | -$2,315/mo | $580,766 | $2,310/mo | 🔴 WEAK |
| 105 | Easton, MA | 2.1% | -$2,698/mo | $760,460 | $2,960/mo | 🔴 WEAK |
| 106 | Fall River, MA | 2.1% | -$1,589/mo | $444,044 | $1,735/mo | 🔴 WEAK |
| 107 | North Andover, MA | 2.1% | -$2,920/mo | $814,162 | $3,130/mo | 🔴 WEAK |
| 108 | Bedford, MA | 2.0% | -$3,871/mo | $1,047,714 | $3,890/mo | 🔴 WEAK |
| 109 | Barnstable, MA | 2.0% | -$3,097/mo | $840,343 | $3,030/mo | 🔴 WEAK |
| 110 | West Stockbridge, MA | 2.0% | -$2,547/mo | $700,417 | $2,650/mo | 🔴 WEAK |
| 111 | Sterling, MA | 2.0% | -$2,183/mo | $594,017 | $2,220/mo | 🔴 WEAK |
| 112 | New Bedford, MA | 2.0% | -$1,629/mo | $440,414 | $1,705/mo | 🔴 WEAK |
| 113 | Groton, MA | 1.9% | -$2,957/mo | $790,501 | $2,890/mo | 🔴 POOR |
| 114 | Dighton, MA | 1.9% | -$2,148/mo | $574,222 | $2,100/mo | 🔴 POOR |
| 115 | Dartmouth, MA | 1.9% | -$2,354/mo | $629,919 | $2,305/mo | 🔴 POOR |
| 116 | Brookline, MA | 1.8% | -$4,975/mo | $1,294,291 | $4,760/mo | 🔴 POOR |
| 117 | Marion, MA | 1.8% | -$3,183/mo | $823,952 | $2,890/mo | 🔴 POOR |
| 118 | Walpole, MA | 1.8% | -$3,102/mo | $811,963 | $2,890/mo | 🔴 POOR |
| 119 | Brimfield, MA | 1.8% | -$1,696/mo | $439,106 | $1,540/mo | 🔴 POOR |
| 120 | Ashfield, MA | 1.7% | -$1,636/mo | $416,695 | $1,430/mo | 🔴 POOR |
| 121 | Dennis, MA | 1.7% | -$2,701/mo | $685,530 | $2,460/mo | 🔴 POOR |
| 122 | Great Barrington, MA | 1.7% | -$2,352/mo | $598,435 | $2,050/mo | 🔴 POOR |
| 123 | Acton, MA | 1.6% | -$3,546/mo | $897,364 | $3,050/mo | 🔴 POOR |
| 124 | Newbury, MA | 1.6% | -$3,477/mo | $867,556 | $2,890/mo | 🔴 POOR |
| 125 | Southborough, MA | 1.5% | -$3,988/mo | $977,533 | $3,170/mo | 🔴 POOR |
| 126 | Westport, MA | 1.5% | -$2,734/mo | $668,590 | $2,160/mo | 🔴 POOR |
| 127 | Lenox, MA | 1.4% | -$2,477/mo | $593,865 | $1,860/mo | 🔴 POOR |
| 128 | Arlington, MA | 1.4% | -$4,593/mo | $1,099,473 | $3,435/mo | 🔴 POOR |
| 129 | Rochester, MA | 1.4% | -$2,904/mo | $691,383 | $2,140/mo | 🔴 POOR |
| 130 | Harvard, MA | 1.4% | -$3,873/mo | $926,414 | $2,890/mo | 🔴 POOR |
| 131 | Bolton, MA | 1.4% | -$3,637/mo | $874,374 | $2,750/mo | 🔴 POOR |
| 132 | Upton, MA | 1.3% | -$3,009/mo | $714,189 | $2,200/mo | 🔴 POOR |
| 133 | Andover, MA | 1.3% | -$4,228/mo | $1,000,994 | $3,070/mo | 🔴 POOR |
| 134 | Topsfield, MA | 1.2% | -$4,185/mo | $972,679 | $2,890/mo | 🔴 POOR |
| 135 | Lexington, MA | 1.2% | -$6,930/mo | $1,606,847 | $4,755/mo | 🔴 POOR |
| 136 | Boxford, MA | 1.0% | -$4,857/mo | $1,072,334 | $2,890/mo | 🔴 POOR |
| 137 | Newton, MA | 1.0% | -$6,324/mo | $1,437,064 | $4,100/mo | 🔴 POOR |
| 138 | Truro, MA | 0.8% | -$4,328/mo | $917,220 | $2,260/mo | 🔴 POOR |
| 139 | Needham, MA | 0.6% | -$7,379/mo | $1,519,074 | $3,485/mo | 🔴 POOR |
| 140 | Wellesley, MA | 0.6% | -$9,820/mo | $2,038,872 | $4,780/mo | 🔴 POOR |
| 141 | Falmouth, MA | 0.4% | -$5,247/mo | $1,060,306 | $2,320/mo | 🔴 POOR |
| 142 | Chatham, MA | 0.1% | -$6,998/mo | $1,332,838 | $2,420/mo | 🔴 POOR |