Real Estate Investing in Holyoke, Massachusetts (01040)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01040 (Holyoke, MA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.7% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 21.3% poverty rate — can affect rent collection.
What’s happening in Holyoke, MA (01040)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01040 Holyoke
ZIP 01040 inside Hampden County looks affordable on the surface — median value of $337K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,796/mo on a $337K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 01040 sits below the stated 0.0% once reality is priced in.
ZIP 01040's metrics run below Hampden County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A notable renter share of 59% in 01040 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 01040 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Holyoke:
Property Strategy for 01040
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $155,737 | $1,370 | 6.3% | +10.6% | $155,737 |
| 2BR | $268,179 | $1,720 | 4.6% | +7.9% | $134,089 |
| 3BR | $323,414 | $2,110 | 4.7% | +7.0% | $107,805 |
| 4BR | $350,019 | $2,280 | 4.7% | +6.5% | $87,505 |
| 5BR | $456,391 | — | — | +6.7% | $91,278 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01040 Compare?
| Metric | 01040 | Holyoke | Springfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $337,398 | $337,398 | N/A | $645,115 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 7.0% |
| Avg Rent | $1,796 | $1,796 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01040 (Holyoke, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $337,398 |
| Monthly Rent | $1,796 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 01040
Population: 37,949
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 01040
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
Investor Insight: With 1,948 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do experienced investors play Holyoke, MA?
The best-fit strategy in Holyoke, MA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Holyoke, MA landlord-friendly?
MA law tenant-protective for landlords, and Holyoke inherits those rules. Investors should still review local ordinances for rental licensing.
How qualified is the tenant pool in Holyoke, MA?
The tenant pool in Holyoke, MA is solid, supported by local employment and population fundamentals. Rents of $1,796/mo are well-absorbed by the market.
Do landlords face vacancy issues in Holyoke, MA?
Rental vacancy in Holyoke, MA is elevated. Investors should budget normal turnover but not chronic empty units.
Can I live-in-and-rent in Holyoke, MA?
The house hack math a challenging in Holyoke, MA. Owner-occupant buyers benefit from the $1,796/mo rents and $337K home values.
You know 01040 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01040 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 01040 ranks in Springfield, MA
Every ZIP in this metro, ranked. Free.
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