Real Estate Investing in Oakham, Massachusetts (01068)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01068 (Oakham, 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: 9.1% vacancy may signal weakening demand.
- 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 Oakham, MA (01068)?
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Market Analysis: 01068 Oakham
ZIP 01068 in Oakham, MA carries a substantial set of headwinds. Home values near $488K and rents of $1,737/mo sit inside a market where underwriting has to be tight.
The 01068 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Oakham have seen price recovery that 01068 has not matched. Worcester County data supports the view that the spread is structural rather than temporary.
Resident income in 01068 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 01068 is an operator game, not a passive one. On the rental side, entry prices of $488K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Oakham:
Property Strategy for 01068
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $366,208 | $1,930 | 3.8% | +6.6% | $183,104 |
| 3BR | $458,931 | $2,390 | 3.7% | +6.9% | $152,977 |
| 4BR | $565,211 | $2,650 | 3.4% | +7.7% | $141,303 |
Market Trends
Home Value History (with trend line)
📊 How Does 01068 Compare?
| Metric | 01068 | Oakham | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $487,773 | $487,773 | N/A | $645,115 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 7.0% |
| Avg Rent | $1,737 | $1,737 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 01068 (Oakham, MA). Anonymous, moderated, never written by AI.
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Property managers serving Worcester County
Manage rentals here? List your business →Ruane Property Management LLC offers commercial and residential property management services. summary from their website
AP Services MA offers services to build, manage, and maintain properties. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $487,773 |
| Monthly Rent | $1,737 |
| Price-to-Rent | 23.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (2.8%). 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 01068
Population: 1,623
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 01068
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 2,709 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Oakham, MA?
The median home value in Oakham, MA is roughly $488K. That puts it reasonable relative to the MA statewide average.
Is Oakham, MA landlord-friendly?
For rental operators, Oakham, MA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
What is the typical renter like in Oakham, MA?
Working renters make up the core of the Oakham, MA tenant base. The pool is reasonable for investors targeting long-term holds.
Is Oakham in MA worth investing in?
Oakham, MA stands at an investability rating of 3.0/5, with median home values near $488K and average rents around $1,737/mo. That combination puts it in the durable tier for investor interest.
How much do tenants pay in Oakham, MA?
Rents in Oakham, MA run near $1,737/mo. Compared with median home prices of $488K that produces solid gross yields for typical rentals.
You know 01068 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01068 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 01068 ranks in Worcester, MA-CT
Every ZIP in this metro, ranked. Free.
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