Region · Census New England division · Northeast
New England rental markets
The six New England states. 6 states and 90 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 42.5/100 across its ranked cities, below the national median. 6 states make up this division.
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 90 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% | not measured |
| Rent growth | Growth | 4.7% | not measured |
| Home value growth | Growth | 5.6% | not measured |
| Population growth | Growth | 0.5% | not measured |
| Job growth | Growth | 0.4% | not measured |
| Price-to-income | Cash Flow | 6.5× | not measured |
| Unemployment | Stability | 3.3% | not measured |
| Rental demand | Stability | 50% renters · 372.3% vacancy | not measured |
| Income growth | Growth | 6.2% | not measured |
States in the New England division
Ranked by median Overall across each state's ranked cities. Each links to its full state analysis, and from there to its cities.
| Div rank | State | Overall score | Grade | Gross yield | Home-value growth | Price-to-income | Ranked cities |
|---|---|---|---|---|---|---|---|
| #15 | Maine | 52.2 | B | 5.6% | 5.5% | 6.1× | 9 |
| #29 | Rhode Island | 45.7 | C | 5.7% | 6.5% | 6.3× | 8 |
| #37 | Massachusetts | 42.1 | D | 5.1% | 4.9% | 7.1× | 46 |
| #38 | Connecticut | 42 | D | 6.5% | 7.0% | 5.6× | 18 |
| #39 | New Hampshire | 41.9 | D | 5.4% | 6.3% | 5.7× | 7 |
| #51 | Vermont | 28.7 | F | 5.2% | 2.6% | 6.7× | 2 |
Data as of: Zillow ZHVI/ZORI through the latest monthly release · Census ACS 5-yr 2019–2023 · Census PEP July 2024 · BLS LAUS county 2023 annual. Generated 2026-09-01. Methodology & limitations · underwrite any specific deal with the free calculators.