Real Estate Investing in Devens, Massachusetts (01434)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01434 (Devens, 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.
- Elevated vacancy: 8.9% 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 Devens, MA (01434)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01434 Devens
ZIP 01434 in Devens, MA carries a sturdy set of headwinds. Home values near $605K and rents of $2,304/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $605K asset, 01434 is the wrong submarket. If the plan prices in friction, the yield can still work.
Looking more closely, 01434 offers a low basis, the region around Devens has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 01434 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. notable returns are possible in 01434, 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 Devens:
Market Trends
Home Value History (with trend line)
📊 How Does 01434 Compare?
| Metric | 01434 | Devens | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $604,581 | $604,581 | N/A | $645,115 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 7.0% |
| Avg Rent | $2,304 | $2,304 | 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 01434 (Devens, 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 | $604,581 |
| Monthly Rent | $2,304 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | N/A |
🏠 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 01434
Population: 1,889
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 01434
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
Bromfield
The Bromfield Middle School
Hildreth Elementary School
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 1,450 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Devens, MA?
Typical homes in Devens, MA go for around $605K. The 5-year CAGR of 0.0% predictable price movement.
What type of investing works in Devens, MA?
Investors usually favor careful cash-flow rentals with hands-on management in Devens, MA. With home values at $605K and rents near $2,304/mo, other strategies can work but produce stable rather than outsized returns.
What is the tenant pool like in Devens, MA?
The tenant pool in Devens, MA is solid, supported by local employment and population fundamentals. Rents of $2,304/mo are well-absorbed by the market.
Is real estate in Devens, MA a good investment right now?
Devens, MA scores 3.0/5 for investability. Home values sit at $605K and rents near $2,304/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are landlord laws favorable in Devens, MA?
Rental owners in Devens, MA deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
You know 01434 now. You don’t know where it ranks.
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How 01434 ranks in Worcester, MA-CT
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