Haverhill, Massachusetts Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Haverhill, Massachusetts rental market.
Highlights
An apartment for rent in Haverhill, Massachusetts typically goes for $2,246 per month, while a single-family home for rent in Haverhill, Massachusetts has a monthly cost of around $2,664. Renter-occupied units make up 40% of the local housing market, while the rental vacancy rate in Haverhill, Massachusetts is at 4.
Haverhill, Massachusetts
Average Apartment Rent
$2,246
Y-o-Y Change in Average
Apartment Rent
3.1%
Average Single-Family Rent
$2,664
As of July 2024
Compared to a year ago, Haverhill, Massachusetts apartments have recorded a 3.1% rent increase.
Haverhill, Massachusetts |Average apartment rent trend
Haverhill, Massachusetts| Average apartment rent
Haverhill, Massachusetts | Apartment rent ranges
At 63.81%, apartments priced Over $2,000 represent the bulk of Haverhill, Massachusetts rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.72%.
Haverhill, Massachusetts | Housing tenure**
Renters take up 40% of Haverhill, Massachusetts real estate, occupying a total of 10,393 units, while homeowners live in 15,583 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$47,826
Average household size of renter-occupied housing units**
2.31
Rental vacancy rate**
4%
Haverhill, Massachusetts | Renter-occupied housing units by no. of bedrooms**
There are 4,126 rentals in Haverhill, Massachusetts with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 62 units. Overall, the median number of rooms in Haverhill, Massachusetts homes for rent is 4.
Haverhill, Massachusetts |Renter-occupied units by age of householder**
Most condos for rent in Haverhill, Massachusetts are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 45 - 54 years age group (17%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Haverhill, Massachusetts | Renter-occupied housing units by family type**
Haverhill, Massachusetts | Renter-occupied housing units by the presence of own children**
A total of 5,127 apartments for rent in Haverhill, Massachusetts, or 49% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 3,160 units. All in all, the median size of a renter-occupied household in Haverhill, Massachusetts is 2.31.
Haverhill, Massachusetts | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 18% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Haverhill, Massachusetts.
Haverhill, Massachusetts | Renter-occupied units by year structure built**
The highest share of Haverhill, Massachusetts apartment rentals, namely 40% or 4,143 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (13%, 1,399 units), and the ones Built 1980 - 1989 (13%, 1,318 units).
Haverhill, Massachusetts | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Haverhill, Massachusetts renters (51%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Haverhill, Massachusetts condos for rent is 2016.
Haverhill, Massachusetts | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Haverhill, Massachusetts renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 17% have No vehicle available.
Haverhill, Massachusetts | Means of transportation to work of householders living in renter-occupied housing units**
Haverhill, Massachusetts |Geographical mobility in the past year for householders living in renter-occupied housing units**
Haverhill, Massachusetts | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Haverhill, Massachusetts apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
