Real Estate Investing in Lanesboro, Massachusetts (01224)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01224 (Lanesboro, 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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lanesboro, MA (01224)?
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Market Analysis: 01224 Lanesboro
Not every below-median market is a bargain. Lanesboro's 01224 ZIP comes in at signals that favor experienced operators who can absorb the risk $313K pricing implies.
Put differently, the numbers look inviting — $313K purchase price, 0.0% nominal cap — the work to hit that pro forma in 01224 is substantial and deserves full respect.
Looking more closely, 01224 offers a low basis, the region around Lanesboro has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 01224 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. solid returns are possible in 01224, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Lanesboro:
Market Trends
Home Value History (with trend line)
📊 How Does 01224 Compare?
| Metric | 01224 | Lanesboro | Pittsfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $312,534 | $346,982 | N/A | $645,115 |
| 5-Year CAGR | 5.2% | 5.7% | N/A | 7.0% |
| Avg Rent | $1,620 | $1,620 | N/A | - |
| Cap Rate | 4.0% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01224 (Lanesboro, MA). Anonymous, moderated, never written by AI.
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Property managers serving Berkshire County
Manage rentals here? List your business →Posto Property offers premium vacation rentals in the Northeast. summary from their website
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📊 Market Snapshot
| Home Value | $312,534 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 16.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +0.7% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (4.0%). 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 01224
Population: 201
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 01224
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
Wahconah Regional High
Craneville
Nessacus Regional Middle School
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 647 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the rental occupancy rate in Lanesboro, MA?
Lanesboro, MA carries elevated vacancy risk. Expect reliable absorption at market rents of $1,620/mo.
How much do tenants pay in Lanesboro, MA?
Average rent in Lanesboro, MA is approximately $1,620/mo per month. Against $313K home values that yields a reasonable rent-to-price ratio.
What is the smart move for investors in Lanesboro, MA?
The best-fit strategy in Lanesboro, MA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Lanesboro, MA landlord-friendly?
Lanesboro, MA operates under MA law, which is tenant-protective overall for landlords. Expect consistent treatment in typical lease and eviction cases.
Is Lanesboro, MA a smart market for rental property?
Our data puts Lanesboro, MA at 3.0/5 for investability. Home prices of $313K and rents around $1,620/mo create a solid backdrop for investor activity.
You know 01224 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01224 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 01224 ranks in Pittsfield, MA
Every ZIP in this metro, ranked. Free.
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