Real Estate Investing in Russell, Massachusetts (01071)
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Should you buy in 01071 (Russell, 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: 14.2% 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 Russell, MA (01071)?
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Market Analysis: 01071 Russell
ZIP 01071 inside Hampden County looks affordable on the surface — median value of $351K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 01071 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 01071'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.
The demographic picture in 01071 includes headwinds that any investor should price in. Income distribution skews lower than Russell averages, and tenant stability requires active management.
New investors are better served looking at Russell's stable or hybrid ZIPs before stepping into 01071. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Russell:
Property Strategy for 01071
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $292,896 | $1,400 | 3.4% | +6.8% | $146,448 |
| 3BR | $338,858 | $1,720 | 3.7% | +7.2% | $112,953 |
| 4BR | $420,454 | $1,850 | 3.2% | +7.0% | $105,113 |
Market Trends
Home Value History (with trend line)
📊 How Does 01071 Compare?
| Metric | 01071 | Russell | Springfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $351,033 | $351,033 | N/A | $645,115 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 7.0% |
| Avg Rent | $1,260 | $1,260 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01071 (Russell, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $351,033 |
| Monthly Rent | $1,260 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 01071
Population: 1,219
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
🎓 Nearby Colleges & Universities
Investor Insight: With 2,148 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Russell, MA a good place for real estate investing?
Investors tracking Russell, MA will find a 3.0/5 rating supported by $351K median home values and $1,260/mo rents. That profile suits long-term holders targeting even-keeled returns.
How do experienced investors play Russell, MA?
A careful cash-flow rentals with hands-on management strategy Russell, MA best. The market produces consistent results for that approach at the $351K price point.
What monthly rent should investors expect in Russell, MA?
The typical rental in Russell, MA commands about $1,260/mo monthly. That rent profile reliable cash flow against the $351K purchase basis.
Does Russell, MA favor landlords or tenants?
Landlord-friendliness in Russell, MA is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the median home value in Russell, MA?
In Russell, MA the median home value sits at $351K. Against the broader MA market, that reads as reasonable for most investors.
You know 01071 now. You don’t know where it ranks.
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How 01071 ranks in Springfield, MA
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