Real Estate Investing in New Salem, Massachusetts (01355)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01355 (New Salem, MA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.4% 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 New Salem, MA (01355)?
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Market Analysis: 01355 New Salem
The 01355 ZIP covers a section of New Salem that demands careful diligence. Prices near $415K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 01355 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 01355 sits on the difficult end of the MA spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Put differently, 963 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.
Distressed ZIPs reward experience. sturdy returns are possible in 01355, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in New Salem:
Market Trends
Home Value History (with trend line)
📊 How Does 01355 Compare?
| Metric | 01355 | New Salem | Springfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $415,297 | $415,297 | N/A | $645,115 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 7.0% |
| Avg Rent | $1,521 | $1,521 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01355 (New Salem, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $415,297 |
| Monthly Rent | $1,521 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (2.9%). 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 01355
Population: 963
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 01355
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
Is real estate in New Salem, MA a good investment right now?
Investors tracking New Salem, MA will find a 3.0/5 rating supported by $415K median home values and $1,521/mo rents. That profile suits long-term holders targeting reliable returns.
What are vacancy rates like in New Salem, MA?
Vacancy risk in New Salem, MA is elevated. That supports predictable cash flow for typical rental holds.
What do rentals go for in New Salem, MA?
Rents in New Salem, MA run near $1,521/mo. Compared with median home prices of $415K that produces solid gross yields for typical rentals.
Is housing expensive in New Salem, MA?
Typical homes in New Salem, MA go for around $415K. The 5-year CAGR of 0.0% predictable price movement.
How should investors approach New Salem, MA?
Investors usually favor careful cash-flow rentals with hands-on management in New Salem, MA. With home values at $415K and rents near $1,521/mo, other strategies can work but produce reliable rather than outsized returns.
You know 01355 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01355 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 01355 ranks in Springfield, MA
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