Real Estate Investing in Gloucester, Massachusetts

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 29,862 • Essex County

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Should you buy in Gloucester, MA? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (46/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • Elevated vacancy: 9.4% vacancy may signal weakening demand.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Gloucester, MA?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.3% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $784,683
Avg Monthly Rent $2,709
ZIP Codes 1

Investing in Gloucester Real Estate

Across Gloucester's 1 ZIPs, the picture is tepid: $785K median values, $2,709/mo rents, and a population that has faced real economic pressure.

firmly Gloucester's aggregate rating of ★★★☆☆ reflects sluggish investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

Transaction volume in Gloucester has thinned in a way that amplifies price discovery risk. On the rental side, investors without local context should treat every number on the page with skepticism.

The 0% renter share in Gloucester masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Boston-Cambridge-Newton, MA-NH

Gloucester is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Property managers serving Essex County

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MRS Property Management offers full-service property management and tenant placement for apartments, houses, and commercial rentals across the North Shore area and Southern New Hampshire. summary from their website

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CNR Property Management provides expert property management and maintenance solutions. summary from their website

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This domain is for sale for $2,295 or monthly payments. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$784,683
Avg Monthly Rent
$2,709
1% Rule
✗ Below
Landlord Friendly (MA)

ZIP Codes in Gloucester, MA

Screen every ZIP in Gloucester

Filter Gloucester’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Gloucester, MA

Is real estate in Gloucester, MA a good investment right now?

Our data puts Gloucester, MA at 3.0/5 for investability. Home prices of $785K and rents around $2,709/mo create a solid backdrop for investor activity.

Is Gloucester, MA a friendly market for rental owners?

Gloucester, MA operates under MA law, which is tenant-protective overall for landlords. Expect consistent treatment in typical lease and eviction cases.

Which real estate strategy fits Gloucester, MA?

Gloucester, MA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($785K prices, $2,709/mo rents) make it a reasonable choice.

Is house hacking profitable in Gloucester, MA?

For house hackers, Gloucester, MA is a challenging. The $2,709/mo rent on a unit helps defray the mortgage on a $785K property.

How high is vacancy risk in Gloucester, MA?

Gloucester, MA sees elevated vacancy, which is reasonable relative to the broader MA rental market.

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