Real Estate Investing in Chester, Massachusetts (01011)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01011 (Chester, MA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 22.2% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Chester, MA (01011)?
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Market Analysis: 01011 Chester
Investors eyeing 01011 need to respect the fundamentals at play. Home values of $312K come alongside slower price movement and elevated management overhead.
From an investor standpoint, the numbers look inviting — $312K purchase price, 0.0% nominal cap — the work to hit that pro forma in 01011 is substantial and deserves full respect.
The gap between 01011 and stronger Chester ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 01011 includes headwinds that any investor should price in. Income distribution skews lower than Chester averages, and tenant stability requires active management.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Chester:
Property Strategy for 01011
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $257,816 | $1,510 | 4.2% | +8.4% | $128,908 |
| 3BR | $334,204 | $1,850 | 4.0% | +7.0% | $111,401 |
| 4BR | $329,468 | $1,990 | 4.3% | +8.5% | $82,367 |
Market Trends
Home Value History (with trend line)
📊 How Does 01011 Compare?
| Metric | 01011 | Chester | Springfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $311,978 | $311,978 | N/A | $645,115 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 7.0% |
| Avg Rent | $1,359 | $1,359 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01011 (Chester, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $311,978 |
| Monthly Rent | $1,359 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 01011
Population: 1,205
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 01011
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the average home sale price in Chester, MA?
Homes in Chester, MA typically sell near $312K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
What is the smart move for investors in Chester, MA?
Chester, MA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($312K prices, $1,359/mo rents) make it a reasonable choice.
How qualified is the tenant pool in Chester, MA?
The renter base in Chester, MA is reasonable for the $1,359/mo price point. Screening well and pricing to market typically yields steady tenants.
How landlord-friendly is Chester, MA?
Chester, MA operates under MA law, which is tenant-protective overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
Are there empty rentals in Chester, MA?
Chester, MA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 01011 now. You don’t know where it ranks.
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How 01011 ranks in Springfield, MA
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