Real Estate Investing in Erving, Massachusetts (01344)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01344 (Erving, 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.
- Elevated vacancy: 10.6% vacancy may signal weakening demand.
- 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 Erving, MA (01344)?
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Market Analysis: 01344 Erving
Investors eyeing 01344 need to respect the fundamentals at play. Home values of $342K come alongside slower price movement and elevated management overhead.
For an experienced owner, 01344 can be a an appealing option for hunting ground — but the discount at $342K reflects genuine risk that outside investors often underestimate.
Within MA, ZIP 01344 trails on several market indicators that neighboring Franklin County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Employment concentration in 01344 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 01344 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 Erving:
Property Strategy for 01344
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $298,874 | $1,470 | 3.5% | +8.7% | $149,437 |
| 3BR | $330,018 | $1,760 | 3.8% | +7.1% | $110,006 |
| 4BR | $350,236 | $1,950 | 4.0% | +7.9% | $87,559 |
Market Trends
Home Value History (with trend line)
📊 How Does 01344 Compare?
| Metric | 01344 | Erving | Springfield, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $341,811 | $341,811 | N/A | $645,115 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 7.0% |
| Avg Rent | $1,323 | $1,323 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01344 (Erving, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $341,811 |
| Monthly Rent | $1,323 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (3.0%). 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 01344
Population: 1,639
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 01344
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
Are homes affordable in Erving, MA?
Expect median prices around $342K in Erving, MA. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
Is it easy to find good tenants in Erving, MA?
Tenant quality in Erving, MA ranks as solid. Landlords generally report reliable occupancy at market rents of $1,323/mo.
What is the rental occupancy rate in Erving, MA?
Rental vacancy in Erving, MA is elevated. Investors should budget normal turnover but not chronic empty units.
Does house hacking make sense in Erving, MA?
For house hackers, Erving, MA is a challenging. The $1,323/mo rent on a unit helps defray the mortgage on a $342K property.
Which investment style suits Erving, MA?
In Erving, MA the robust play is typically careful cash-flow rentals with hands-on management. The combination of $342K prices and $1,323/mo rents suits that approach.
You know 01344 now. You don’t know where it ranks.
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How 01344 ranks in Springfield, MA
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