Northampton, 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 Northampton, Massachusetts rental market.
Northampton, Massachusetts
Average Apartment Rent
$2,097
Y-o-Y Change in Average
Apartment Rent
1.1%
As of November 2024
Compared to a year ago, Northampton, Massachusetts apartments have recorded a 1.1% rent increase.
Northampton, Massachusetts Average apartment rent trend
Northampton, Massachusetts Average Apartment Rent
Northampton, Massachusetts Apartment rent ranges
At 54.42%, apartments priced Over $2,000 represent the bulk of Northampton, Massachusetts rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 8.39%.
Northampton, Massachusetts Housing tenure**
Renters take up 42% of Northampton, Massachusetts real estate, occupying a total of 5,140 units, while homeowners live in 7,205 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$44,201
Average household size of renter-occupied housing units**
1.62
Rental vacancy rate**
4.4%
Northampton, Massachusetts Renter-occupied housing units by no. of bedrooms**
There are 2,322 rentals in Northampton, Massachusetts with 2 beds making up the highest share of the market, at 45%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 34 units. Overall, the median number of rooms in Northampton, Massachusetts homes for rent is 3.9.
Northampton, Massachusetts Renter-occupied units by age of householder**
Most condos for rent in Northampton, Massachusetts are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 35 - 44 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 – 4%.
Northampton, Massachusetts Renter-occupied housing units by family type**
Northampton, Massachusetts Renter-occupied housing units by the presence of own children**
A total of 1,314 apartments for rent in Northampton, Massachusetts, or 26% of all rentals are family households. Additionally, 13% of rental homes include children under the age of 18 – that’s 647 units. All in all, the median size of a renter-occupied household in Northampton, Massachusetts is 1.62.
Northampton, Massachusetts Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 58% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Northampton, Massachusetts.
Northampton, Massachusetts Renter-occupied units by year structure built**
The highest share of Northampton, Massachusetts apartment rentals, namely 38% or 1,972 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (17%, 892 units), and the ones Built 1960 - 1969 (9%, 487 units).
Northampton, Massachusetts Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Northampton, Massachusetts renters (42%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Northampton, Massachusetts condos for rent is 2016.
Northampton, Massachusetts Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Northampton, Massachusetts renters have 1 vehicle available per household, 22% of them have No vehicle available, and 21% have 2 vehicles available.
Northampton, Massachusetts Means of transportation to work of householders living in renter-occupied housing units**
Northampton, Massachusetts Geographical mobility in the past year for householders living in renter-occupied housing units**
Northampton, 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 Northampton, 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
