Real Estate Investing in Richmond, Massachusetts (01254)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01254 (Richmond, MA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.6% 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 31.3 — 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 Richmond, MA (01254)?
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Market Analysis: 01254 Richmond
The 01254 ZIP in Richmond, MA is a local-operator market. Outside capital chasing a $632K entry has to pair deep knowledge with the discount.
The investment case in 01254 is solid only for operators who understand what they are buying. A $632K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 01254 sits on the difficult end of the MA spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Meanwhile, 962 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 01254 is an operator game, not a passive one. Meanwhile, entry prices of $632K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Richmond:
Property Strategy for 01254
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $437,828 | $1,870 | 3.1% | +9.7% | $218,914 |
| 3BR | $608,734 | $2,380 | 2.8% | +9.8% | $202,911 |
| 4BR | $837,724 | $2,920 | 2.5% | +10.9% | $209,431 |
Market Trends
Home Value History (with trend line)
📊 How Does 01254 Compare?
| Metric | 01254 | Richmond | Pittsfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $631,776 | $631,776 | N/A | $645,115 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 7.0% |
| Avg Rent | $1,683 | $1,683 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
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 01254 (Richmond, MA). Anonymous, moderated, never written by AI.
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Property managers serving Berkshire County
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📊 Market Snapshot
| Home Value | $631,776 |
| Monthly Rent | $1,683 |
| Price-to-Rent | 31.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (2.1%). 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 01254
Population: 962
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 01254
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 625 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in Richmond, MA?
Rental rates in Richmond, MA average $1,683/mo. Tenant demand and $632K home values make the yield look reasonable by investor standards.
How expensive is real estate in Richmond, MA?
The median home value in Richmond, MA is roughly $632K. That puts it reasonable relative to the MA statewide average.
How high is vacancy risk in Richmond, MA?
Vacancy risk in Richmond, MA is elevated. That supports measured cash flow for typical rental holds.
Is MA a landlord-friendly state?
The landlord environment in Richmond, MA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
Is Richmond, MA a smart market for rental property?
The 3.0/5 investability rating in Richmond, MA reflects its $632K prices and $1,683/mo rents. Investors generally consider it a solid option within MA.
You know 01254 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01254 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 01254 ranks in Pittsfield, MA
Every ZIP in this metro, ranked. Free.
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