Real Estate Investing in Millers Falls, Massachusetts (01349)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01349 (Millers Falls, 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.
- 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 Millers Falls, MA (01349)?
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Market Analysis: 01349 Millers Falls
From a cash-flow lens, ZIP 01349 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $340K median. It rewards specialists, not generalists.
For an experienced owner, 01349 can be a worth a close look for hunting ground — but the discount at $340K reflects genuine risk that outside investors often underestimate.
Regionally, 01349 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 01349 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Millers Falls:
Market Trends
Home Value History (with trend line)
📊 How Does 01349 Compare?
| Metric | 01349 | Millers Falls | Massachusetts |
|---|---|---|---|
| Home Value | $340,051 | $340,051 | $645,115 |
| 5-Year CAGR | 7.1% | 7.1% | 7.0% |
| Avg Rent | $1,665 | $1,665 | - |
| Cap Rate | 3.8% | 3.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01349 (Millers Falls, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $340,051 |
| Monthly Rent | $1,665 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.8%). 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 01349
Population: 753
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
Investor Insight: With 640 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of vacancy should I budget for in Millers Falls, MA?
Expect elevated vacancy in Millers Falls, MA. Rents at $1,665/mo are absorbed by the tenant base without meaningful lag.
How landlord-friendly is Millers Falls, MA?
MA ranks as a tenant-protective state for landlord-tenant law. Millers Falls generally follows the statewide framework, so landlords face reasonable operating rules.
Is the tenant base reliable in Millers Falls, MA?
Tenant quality in Millers Falls, MA ranks as solid. Landlords generally report consistent occupancy at market rents of $1,665/mo.
Is house hacking profitable in Millers Falls, MA?
For house hackers, Millers Falls, MA is a challenging. The $1,665/mo rent on a unit helps defray the mortgage on a $340K property.
How do experienced investors play Millers Falls, MA?
Millers Falls, MA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($340K prices, $1,665/mo rents) make it a reasonable choice.
You know 01349 now. You don’t know where it ranks.
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