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Property investment in 's-Hertogenbosch, Netherlands

2026 Market Data & Investment Analysis

Gross Yield

3.9%

Annual rent / price

Median Home Price

€360,000

As of 2026-Q1

Median Monthly Rent

€1,180

Per month

Population

153,000

+2.2% / yr (5y avg)

Estimates based on median market data. Actual returns depend on your specific property. Source: CBS / Kadaster, 2026-Q1.

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Property Details

Total acquisition cost before taxes

HOA, insurance, property management

%

% of time the property is empty

%

% of purchase price (e.g. 2% = 2)

% of price

Rule of thumb: 1% of purchase price/yr

Results

Gross Rental Yield

3.93%

Net Rental Yield

2.07%

Cap Rate

2.07%

Monthly Cash Flow

€621.00

Annual Cash Flow

€7,452.00

> 6% — Excellent4–6% — Good< 4% — Low

's-Hertogenbosch rental market at a glance

Median Home Price — 5-Year Trend

2022
€407,000
2023
€365,000
2024
€347,000
2025
€354,000
2026
€360,000

Median Monthly Rent — 5-Year Trend

2022
€1,089
2023
€1,115
2024
€1,140
2025
€1,161
2026
€1,180

's-Hertogenbosch presents a compelling micro-market characterized by tight rental availability and steady demographic growth. With a vacancy rate of just 1.3%, the city demonstrates exceptional rental demand that significantly outpaces supply—a structural advantage for landlords. The 3.9% gross rental yield, while modest by European standards, reflects the premium pricing power inherent in supply-constrained markets. As the capital of Noord-Brabant and a major administrative hub, 's-Hertogenbosch attracts consistent tenant flows from government employees, regional corporate headquarters, and professionals serving the broader southern Netherlands region.

The city's 2.2% annual population growth over five years indicates organic demand expansion that supports rental market resilience. This growth is underpinned by 's-Hertogenbosch's strategic location between the Randstad and Ruhr industrial regions, making it attractive for young professionals and relocating families seeking lower property costs than Amsterdam or Utrecht while maintaining excellent rail connectivity. The median home price of €360,000 positions the city as a value alternative within the Netherlands' tier-1 urban markets, creating an accessible entry point for institutional and individual investors seeking yield-generating assets.

Looking forward, the sustainability of this market depends heavily on employment concentration and infrastructure development. The planned expansion of regional corporate offices and continued government consolidation in the city center should sustain demand. However, investors must monitor whether the modest 3.9% yield can withstand potential interest rate normalization and whether new residential construction—essential for accommodating the 2.2% growth—remains constrained enough to maintain the current supply-demand imbalance that supports rental rates.

What type of investment market is 's-Hertogenbosch?

Appreciation Market

's-Hertogenbosch features strong population growth that may drive property values higher over time. Current rental yields are modest, so returns are more dependent on price appreciation than immediate rental income.

Strengths

  • Exceptionally tight rental market with 1.3% vacancy rate, providing landlords with pricing power and minimal income disruption risk
  • Strategic regional hub status as Noord-Brabant's capital attracts stable tenant demand from government, corporate, and professional sectors with relatively low turnover
  • Accessible entry price point (€360,000 median) compared to Randstad markets while maintaining northern European infrastructure and rental stability standards
  • Demonstrated population growth trajectory (2.2% annually) creates organic rental demand expansion independent of speculative investment cycles

! Risks

  • Modest 3.9% gross rental yield leaves limited margin for expense absorption and provides unattractive returns if property taxes, maintenance, or vacancy increase materially
  • Limited new residential development pipeline could eventually normalize the artificially tight vacancy rate if supply suddenly increases, compressing rental rate growth
  • Regional economic concentration risk—overreliance on government employment and regional administration means significant job losses at major employers could rapidly depress tenant demand
  • Exposure to Dutch rental regulation changes; recent rent control legislation in major cities could eventually extend to secondary markets like 's-Hertogenbosch, capping upside potential

Key Metrics

Gross Yield3.9%
Median Home Price€360,000
Median Monthly Rent€1,180
Population Growth+2.2% / yr
Vacancy Rate1.3%

How does 's-Hertogenbosch compare to nearby cities?

's-Hertogenbosch vs Eindhoven: 0.0 percentage point difference in gross yield.

CityMedian PriceMedian RentGross YieldPop. Growth
Eindhoven, Noord-Brabant€350,000€1,1503.9%+3.1%
Tilburg, Noord-Brabant€290,000€1,0004.1%+2.1%
Breda, Noord-Brabant€330,000€1,0803.9%+1.8%
Nijmegen, Gelderland€310,000€1,0504.1%+2.3%
Venlo, Limburg€240,000€8604.3%+1.2%

Investor Takeaway

Buy-and-hold investors seeking stable European dividend income should view 's-Hertogenbosch as a core-plus holding rather than a yield play. The exceptional rental stability (1.3% vacancy) and supply constraints justify acquiring well-maintained properties with the expectation of 3-4% annual returns plus modest appreciation as the region develops. This market best suits investors comfortable with mid-single-digit returns in exchange for predictable cash flow and low tenant turnover—ideal for long-term wealth-building rather than active trading. The critical variable to monitor is whether new residential construction remains sufficiently restricted; if developers suddenly accelerate projects to capture the tight market conditions, the vacancy rate could normalize within 18-24 months, directly compressing rental growth and invalidating the thesis.

Common questions about investing in 's-Hertogenbosch

Is rental investing profitable in 's-Hertogenbosch?
's-Hertogenbosch's gross rental yield of 3.9% is below average, meaning rental income alone may not deliver strong returns at median prices. Investors here typically rely more on price appreciation. Careful property selection below the median price is key to profitability.
What is the average rental yield in 's-Hertogenbosch?
The average gross rental yield in 's-Hertogenbosch is approximately 3.9%, based on a median home price of €360,000 and median monthly rent of €1,180 (as of 2026-Q1). Net yield, which accounts for vacancy, expenses, and maintenance, is typically 2–3 percentage points lower.
How does 's-Hertogenbosch compare to Eindhoven for investors?
's-Hertogenbosch has a gross yield of 3.9% compared to 3.9% in Eindhoven, a difference of 0.0 percentage points. Both markets offer similar yields. Eindhoven has stronger population growth (3.1% vs 2.2%).

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