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How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Holyoke & Beyond
Holyoke shares many of the great qualities that make Massachusetts a desirable place to live.
Massachusetts is rich in American history and renowned for its beautiful cities and breathtaking natural landscapes. Visit historical sites such as the Freedom Trail and USS Constitution Museum to experience the birthplace of America. In addition, it's the home to world-class universities such as Harvard University, Massachusetts Institute of Technology (MIT), and Boston College, adding to the state's innovation and education. Massachusetts also has a strong job market and a thriving economy.
For sports fans, Massachusetts is home to the New England Patriots (NFL), Boston Bruins (NFL), Boston Red Sox (MLB), Boston Celtics (NBA), and iconic venues such as Fenway Park and Gillette Stadium. In addition, the state offers a diverse range of outdoor experiences for those seeking adventure, from whale watching on the Cape Cod coast to hiking in the scenic Berkshire Mountains. See famous attractions like the Salem Witch Trials Memorial, the New England Aquarium, and the charming Martha's Vineyard.
With its warm and welcoming atmosphere, rich historical heritage, and endless opportunities, embrace the Bay State and discover why Massachusetts is the ideal place to call home.
Rental Market Trends
Holyoke, MA
As of June 2026, Holyoke's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Holyoke's average rent is 42.0% ($1,161) lower than the Massachusetts average of $2,761 and 11.0% ($197) lower than the U.S. average of $1,797.
Average Rent
$1,600
Monthly ChangeMonth Over Month Change
0.5% ($8)
Yearly ChangeYear Over Year Change
1% ($16)
Avg. Days on MarketAverage Days on Market
41
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,317 | 14.9% ($231) | 12% ($179) |
| 2 Beds | $1,635 | 18.4% ($369) | 18% ($360) |
| 3 Beds | $2,071 | 19.2% ($491) | 15.8% ($390) |
| Nearby Cities | Average Rent | Avg. Rent vs. HolyokeAverage Rent vs. Holyoke | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Chicopee | $1,679 | 4.9% ($79) | 39 days |
| West Springfield | $1,704 | 6.5% ($104) | 35 days |
| Indian Orchard | $1,626 | 1.6% ($26) | 41 days |
| Northampton | $2,367 | 47.9% ($767) | 42 days |
| Springfield | $1,669 | 4.3% ($69) | 44 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Holyoke Rental Market FAQs
Explore rental prices, market trends, and availability in Holyoke, MA.
The average rent in Holyoke, MA is $1,600 per month.
Homes in Holyoke typically rent for between $922 and $2,692 per month, with an average of $1,600 per month.
In Holyoke, the average rent for a 1-bedroom home is $1,317 per month, for a 2-bedroom home, $1,635 per month, and a 3-bedroom home is $2,071 per month.
The average rent in Holyoke is 11% ($197) lower than the national average of $1,797 per month.
The average rent in Holyoke has decreased by 0.5% ($8) in the last month and decreased by 1.0% ($16) over the past year.
The rental market in Holyoke, MA, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Holyoke, MA, the average rental stays on the market for approximately 41 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 20 rental properties available in Holyoke, MA.
Based on the current averages, a household would need an annual income of $65,400 to comfortably afford a 2-bedroom home in Holyoke.
