Real Estate Investing in Monterey, Massachusetts (01245)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01245 (Monterey, MA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 57.8% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 41.0 — hard to cash-flow at these prices.
• 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 Monterey, MA (01245)?
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Market Analysis: 01245 Monterey
Stepping back, ZIP 01245 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $727K median. It rewards specialists, not generalists.
The 01245 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within MA, ZIP 01245 trails on several market indicators that neighboring Berkshire County submarkets outperform. The gap is real and durable enough to shape underwriting.
The 01245 ZIP's population of 828 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Experienced landlords with local relationships tend to find 01245 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 Monterey:
Property Strategy for 01245
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $523,797 | $1,640 | 2.3% | +6.7% | $261,899 |
| 3BR | $712,674 | $2,120 | 2.1% | +7.9% | $237,558 |
| 4BR | $925,245 | $2,750 | 2.1% | +8.3% | $231,311 |
Market Trends
Home Value History (with trend line)
📊 How Does 01245 Compare?
| Metric | 01245 | Monterey | Pittsfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $726,980 | $726,980 | N/A | $645,115 |
| 5-Year CAGR | 3.7% | 3.7% | N/A | 7.0% |
| Avg Rent | $1,476 | $1,476 | N/A | - |
| Cap Rate | 1.6% | 1.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01245 (Monterey, MA). Anonymous, moderated, never written by AI.
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Property managers serving Berkshire County
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📊 Market Snapshot
| Home Value | $726,980 |
| Monthly Rent | $1,476 |
| Price-to-Rent | 41.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.4% |
| Cap Rate | 1.6% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (1.6%). 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 01245
Population: 828
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
Frequently Asked Questions
What is the average home sale price in Monterey, MA?
Typical homes in Monterey, MA go for around $727K. The 5-year CAGR of 0.0% predictable price movement.
Is Monterey, MA suited for a house hack?
For house hackers, Monterey, MA is a challenging. The $1,476/mo rent on a unit helps defray the mortgage on a $727K property.
How qualified is the tenant pool in Monterey, MA?
Expect a solid tenant pool in Monterey, MA. The rental market absorbs $1,476/mo rents without meaningful friction.
Are eviction rules reasonable in Monterey, MA?
For rental operators, Monterey, MA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
Are rents high in Monterey, MA?
Monterey, MA rentals go for roughly $1,476/mo a month. That puts gross yield in solid territory relative to $727K acquisition costs.
You know 01245 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01245 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 01245 ranks in Pittsfield, MA
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