Real Estate Investing in Heath, Massachusetts (01346)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01346 (Heath, MA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 39.9% of homes vacant — above national norms.
- 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 Heath, MA (01346)?
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Market Analysis: 01346 Heath
Turning to rents, ZIP 01346 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $171K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $171K asset, 01346 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 01346 among MA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 01346 ZIP's population of 453 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Experienced landlords with local relationships tend to find 01346 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 Heath:
Market Trends
Home Value History (with trend line)
📊 How Does 01346 Compare?
| Metric | 01346 | Heath | Springfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $170,828 | $170,828 | N/A | $645,115 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 7.0% |
| Avg Rent | $1,512 | $1,512 | N/A | - |
| Cap Rate | 6.9% | 6.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01346 (Heath, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $170,828 |
| Monthly Rent | $1,512 |
| Price-to-Rent | 9.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.6% |
| Cap Rate | 6.9% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.9%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 01346
Population: 453
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 are home prices like in Heath, MA?
The median home value in Heath, MA is roughly $171K. That puts it reasonable relative to the MA statewide average.
Is Heath, MA a smart market for rental property?
With a 3.0/5 investability score, Heath, MA ranks as a solid market for rental property investors. Median prices of $171K and rents of $1,512/mo drive the underlying numbers.
Can owner-occupants cash flow in Heath, MA?
Heath, MA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,512/mo rent level.
What is the average monthly rent in Heath, MA?
Rent in Heath, MA is around $1,512/mo. The resulting rent-to-value relationship with $171K pricing is reasonable for most investor models.
Is the tenant base reliable in Heath, MA?
Tenant demand in Heath, MA is solid. The local workforce $1,512/mo rents across most rental classes.
You know 01346 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01346 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 01346 ranks in Springfield, MA
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