Real Estate Investing in Colrain, Massachusetts (01340)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01340 (Colrain, 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: 16.9% 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 Colrain, MA (01340)?
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Market Analysis: 01340 Colrain
ZIP 01340 inside Franklin County looks affordable on the surface — median value of $328K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 01340 is solid only for operators who understand what they are buying. A $328K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 01340 among MA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 01340 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 01340 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 Colrain:
Property Strategy for 01340
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $291,130 | $1,690 | 4.2% | +6.8% | $145,565 |
| 3BR | $327,006 | $2,030 | 4.5% | +7.0% | $109,002 |
| 4BR | $362,662 | $2,240 | 4.4% | +7.1% | $90,665 |
Market Trends
Home Value History (with trend line)
📊 How Does 01340 Compare?
| Metric | 01340 | Colrain | Springfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $328,214 | $328,214 | N/A | $645,115 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 7.0% |
| Avg Rent | $1,521 | $1,521 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 01340 (Colrain, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $328,214 |
| Monthly Rent | $1,521 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (3.6%). 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 01340
Population: 1,807
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 01340
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
What is the investability score for Colrain, MA?
The 3.0/5 investability rating in Colrain, MA reflects its $328K prices and $1,521/mo rents. Investors generally consider it a solid option within MA.
What kind of vacancy should I budget for in Colrain, MA?
Expect elevated vacancy in Colrain, MA. Rents at $1,521/mo are absorbed by the tenant base without meaningful lag.
How strong are rents in Colrain, MA?
Rent in Colrain, MA is around $1,521/mo. The resulting rent-to-value relationship with $328K pricing is reasonable for most investor models.
Does house hacking make sense in Colrain, MA?
For house hackers, Colrain, MA is a challenging. The $1,521/mo rent on a unit helps defray the mortgage on a $328K property.
Where do home prices stand in Colrain, MA?
Expect median prices around $328K in Colrain, MA. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
You know 01340 now. You don’t know where it ranks.
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How 01340 ranks in Springfield, MA
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