Real Estate Investing in Warwick, Massachusetts (01378)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01378 (Warwick, 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: 17.9% 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 Warwick, MA (01378)?
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Market Analysis: 01378 Warwick
Turning to rents, ZIP 01378 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $347K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 01378 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
From an investor standpoint, 01378 offers a low basis, the region around Warwick has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 01378 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.
The right play in 01378 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Warwick:
Property Strategy for 01378
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $310,456 | $1,650 | 3.8% | +8.5% | $155,228 |
| 3BR | $371,343 | $2,060 | 4.0% | +9.0% | $123,781 |
Market Trends
Home Value History (with trend line)
📊 How Does 01378 Compare?
| Metric | 01378 | Warwick | Springfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $347,234 | $347,234 | N/A | $645,115 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.0% |
| Avg Rent | $1,485 | $1,485 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01378 (Warwick, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $347,234 |
| Monthly Rent | $1,485 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (3.3%). 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 01378
Population: 861
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 01378
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.
Frequently Asked Questions
How much rent can I charge in Warwick, MA?
Expect rents around $1,485/mo per month in Warwick, MA. With home values at $347K, the yield math works out to reasonable levels for rental investors.
What is the best play in Warwick, MA?
Most investors in Warwick, MA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is Warwick in MA worth investing in?
Yes - Warwick, MA a 3.0/5 investability score. With $347K home prices against $1,485/mo monthly rent, the market delivers a reasonable entry point for new investors.
Do landlords face vacancy issues in Warwick, MA?
Warwick, MA carries elevated vacancy risk. Expect steady absorption at market rents of $1,485/mo.
Are renters plentiful in Warwick, MA?
Tenant quality in Warwick, MA ranks as solid. Landlords generally report consistent occupancy at market rents of $1,485/mo.
You know 01378 now. You don’t know where it ranks.
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How 01378 ranks in Springfield, MA
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