Region · Census New England division · Northeast
New England rental markets
The six New England states. 6 states and 126 ranked cities, summarized by the median Overall across those cities.
The honest read
New England ranks #7 of 9 U.S. regions for rental investing, with a median Overall of 41.2/100 across its ranked cities, below the national median. 6 states make up this division. Its strongest factor is home-value growth: 5.4%, 1st of 9, backed by rent growth (2nd).
The biggest drag is job growth: 0.4%, 8th of 9. A region grade is the median of its ranked cities, a screen for where to look, not underwriting. Open any city below for its full shown-math breakdown, or run a specific deal through the cap rate and cash-flow calculators.
Where it ranks, factor by factor
Every value is the median across the 126 ranked cities in this region. The national rank compares all 9 regions on that one factor; the engine already flips inverted factors (affordability, low unemployment) so a better rank always means a better market. Each factor sits in one of the model’s three categories (Cash Flow, Growth, or Stability); this is a representative summary, and the full thirteen-factor breakdown is on each city’s page. Full methodology.
| Factor | Category | Region value | National rank |
|---|---|---|---|
| Gross rent yield | Cash Flow | 5.5% | #7 of 9 |
| Rent growth | Growth | 4.6% | #2 of 9 |
| Home value growth | Growth | 5.4% | #1 of 9 |
| Population growth | Growth | 0.5% | #6 of 9 |
| Job growth | Growth | 0.4% | #8 of 9 |
| Price-to-income | Cash Flow | 6.2× | #7 of 9 |
| Unemployment | Stability | 4.2% | #6 of 9 |
| Rental demand | Stability | 50% renters · 3.7% vacancy | two-part measure |
| Income growth | Growth | 5.4% | #4 of 9 |
States in the New England division
Ordered by median Overall across each state's ranked cities. A public rank appears only for states that clear the 20-city and 10-county coverage threshold.
| Div rank | State | Overall score | Grade | Gross yield | Home-value growth | Price-to-income | Ranked cities |
|---|---|---|---|---|---|---|---|
| Insufficient coverage for headline state rank | Maine | 44.6 | C | 5.7% | 5.3% | 5.6× | 20 |
| Insufficient coverage for headline state rank | Connecticut | 43.6 | D | 6.4% | 6.9% | 5.4× | 21 |
| Insufficient coverage for headline state rank | Rhode Island | 42.5 | D | 5.7% | 6.4% | 6.1× | 8 |
| #34 | Massachusetts | 38.8 | D | 5.1% | 4.8% | 6.8× | 56 |
| Insufficient coverage for headline state rank | New Hampshire | 37.4 | D | 5.5% | 6.2% | 5.4× | 13 |
| Insufficient coverage for headline state rank | Vermont | 31.3 | F | 5.7% | 3.3% | 5.7× | 8 |
Data as of: Zillow ZHVI/ZORI through the latest monthly release · Census ACS 5-yr 2020–2024 · Census PEP July 2025 · BLS LAUS county 2025 annual (11-month average). Generated 2026-10-06. Methodology & limitations · underwrite any specific deal with the free calculators.