Real Estate Investing in North Adams, Massachusetts (01247)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01247 (North Adams, 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: 13.2% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in North Adams, MA (01247)?
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Market Analysis: 01247 North Adams
ZIP 01247 inside Berkshire County looks affordable on the surface — median value of $268K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 01247 can be a a viable market for hunting ground — but the discount at $268K reflects genuine risk that outside investors often underestimate.
Regionally, 01247 sits on the difficult end of the MA spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 01247 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 01247 is an operator game, not a passive one. Put differently, entry prices of $268K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in North Adams:
Property Strategy for 01247
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $164,591 | $1,210 | 5.3% | +10.2% | $164,591 |
| 2BR | $233,693 | $1,590 | 4.9% | +10.0% | $116,846 |
| 3BR | $262,696 | $2,050 | 5.6% | +9.7% | $87,565 |
| 4BR | $283,830 | $2,670 | 6.8% | +9.3% | $70,957 |
| 5BR | $301,930 | — | — | +10.8% | $60,386 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01247 Compare?
| Metric | 01247 | North Adams | Pittsfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $267,859 | $267,859 | N/A | $645,115 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 7.0% |
| Avg Rent | $1,525 | $1,525 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01247 (North Adams, MA). Anonymous, moderated, never written by AI.
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Property managers serving Berkshire County
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📊 Market Snapshot
| Home Value | $267,859 |
| Monthly Rent | $1,525 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (4.4%). 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 01247
Population: 14,967
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 01247
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
Frequently Asked Questions
How do home values compare in North Adams, MA?
The median home value in North Adams, MA is roughly $268K. That puts it reasonable relative to the MA statewide average.
Is the tenant base reliable in North Adams, MA?
Tenant quality in North Adams, MA ranks as solid. Landlords generally report steady occupancy at market rents of $1,525/mo.
What strategy should investors use in North Adams, MA?
In North Adams, MA the solid play is typically careful cash-flow rentals with hands-on management. The combination of $268K prices and $1,525/mo rents suits that approach.
Is North Adams, MA landlord-friendly?
The landlord environment in North Adams, MA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
Is vacancy a concern in North Adams, MA?
Occupancy in North Adams, MA runs predictable with elevated vacancy. Well-priced units at $1,525/mo lease on reasonable timelines.
You know 01247 now. You don’t know where it ranks.
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How 01247 ranks in Pittsfield, MA
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