Real Estate Investing in South Deerfield, Massachusetts (01373)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01373 (South Deerfield, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in South Deerfield, MA (01373)?
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Market Analysis: 01373 South Deerfield
ZIP 01373 inside Franklin County looks affordable on the surface — median value of $472K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 01373 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader MA picture, 01373 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A impressive renter share of 18% in 01373 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at South Deerfield's stable or hybrid ZIPs before stepping into 01373. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in South Deerfield:
Property Strategy for 01373
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $378,165 | $1,900 | 3.6% | +7.7% | $189,083 |
| 3BR | $435,270 | $2,280 | 3.8% | +7.3% | $145,090 |
| 4BR | $529,150 | $2,520 | 3.4% | +7.5% | $132,287 |
Market Trends
Home Value History (with trend line)
📊 How Does 01373 Compare?
| Metric | 01373 | South Deerfield | Springfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $472,467 | $472,467 | N/A | $645,115 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.0% |
| Avg Rent | $1,710 | $1,710 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 01373 (South Deerfield, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $472,467 |
| Monthly Rent | $1,710 |
| Price-to-Rent | 23.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (2.8%). 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 01373
Population: 4,784
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 01373
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Whately Elementary
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 640 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 South Deerfield, MA?
The typical rental in South Deerfield, MA commands about $1,710/mo monthly. That rent profile reliable cash flow against the $472K purchase basis.
Are homes affordable in South Deerfield, MA?
The median home value in South Deerfield, MA is roughly $472K. That puts it reasonable relative to the MA statewide average.
Which investment style suits South Deerfield, MA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in South Deerfield, MA. The numbers - $472K homes against $1,710/mo rents - support that play.
Does South Deerfield, MA favor landlords or tenants?
Landlord-friendliness in South Deerfield, MA is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the typical vacancy rate in South Deerfield, MA?
South Deerfield, MA sees elevated vacancy, which is reasonable relative to the broader MA rental market.
You know 01373 now. You don’t know where it ranks.
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How 01373 ranks in Springfield, MA
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