Real Estate Investing in Fitchburg, Massachusetts (01420)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01420 (Fitchburg, 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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Fitchburg, MA (01420)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01420 Fitchburg
ZIP 01420 in Fitchburg, MA carries a notable set of headwinds. Home values near $409K and rents of $1,784/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 01420 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 01420 sits on the difficult end of the MA spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Meanwhile, 41,677 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.
looks 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 Fitchburg:
Property Strategy for 01420
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $206,515 | $1,340 | 4.7% | +13.6% | $206,515 |
| 2BR | $347,243 | $1,660 | 3.4% | +10.2% | $173,621 |
| 3BR | $407,433 | $2,130 | 3.8% | +9.3% | $135,811 |
| 4BR | $446,152 | $2,500 | 4.0% | +9.6% | $111,538 |
| 5BR | $485,033 | — | — | +10.2% | $97,007 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01420 Compare?
| Metric | 01420 | Fitchburg | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $408,981 | $408,981 | N/A | $645,115 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 7.0% |
| Avg Rent | $1,784 | $1,784 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 01420 (Fitchburg, MA). Anonymous, moderated, never written by AI.
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Property managers serving Worcester County
Manage rentals here? List your business →Ruane Property Management LLC offers commercial and residential property management services. summary from their website
AP Services MA offers services to build, manage, and maintain properties. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $408,981 |
| Monthly Rent | $1,784 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +9.1% ▲ |
🏠 Rent Trends
| 1-Year | -1.5% ▼ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 01420
Population: 41,677
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 01420
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
Investor Insight: With 2,401 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Fitchburg, MA?
Expect median prices around $409K in Fitchburg, MA. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Do rentals sit vacant long in Fitchburg, MA?
Fitchburg, MA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Are tenants stable in Fitchburg, MA?
Expect a solid tenant pool in Fitchburg, MA. The rental market absorbs $1,784/mo rents without meaningful friction.
Are rents high in Fitchburg, MA?
Rental rates in Fitchburg, MA average $1,784/mo. Tenant demand and $409K home values make the yield look reasonable by investor standards.
Does house hacking work in Fitchburg, MA?
For house hackers, Fitchburg, MA is a challenging. The $1,784/mo rent on a unit helps defray the mortgage on a $409K property.
You know 01420 now. You don’t know where it ranks.
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How 01420 ranks in Worcester, MA-CT
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