Real Estate Investing in Gardner, Massachusetts (01440)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01440 (Gardner, 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 Gardner, MA (01440)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01440 Gardner
The 01440 ZIP covers a section of Gardner that demands careful diligence. Prices near $379K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $379K asset, 01440 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within MA, ZIP 01440 trails on several market indicators that neighboring Worcester County submarkets outperform. The gap is real and resilient enough to shape underwriting.
In practical terms, 21,298 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.
Experienced landlords with local relationships tend to find 01440 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Gardner:
Property Strategy for 01440
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $179,069 | $1,260 | 5.1% | +15.3% | $179,069 |
| 2BR | $294,794 | $1,560 | 3.8% | +10.5% | $147,397 |
| 3BR | $383,595 | $2,000 | 3.8% | +9.3% | $127,865 |
| 4BR | $418,031 | $2,350 | 4.0% | +9.1% | $104,508 |
| 5BR | $441,680 | — | — | +9.6% | $88,336 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01440 Compare?
| Metric | 01440 | Gardner | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $379,468 | $379,468 | N/A | $645,115 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.0% |
| Avg Rent | $1,565 | $1,565 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 01440 (Gardner, 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 | $379,468 |
| Monthly Rent | $1,565 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 Rent Trends
| 1-Year | -12.8% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 01440
Population: 21,298
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 01440
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
What do rentals go for in Gardner, MA?
Rents in Gardner, MA run near $1,565/mo. Compared with median home prices of $379K that produces solid gross yields for typical rentals.
Is housing expensive in Gardner, MA?
Typical homes in Gardner, MA go for around $379K. The 5-year CAGR of 0.0% stable price movement.
What kind of market is Gardner, MA for investors?
Gardner, MA scores 3.0/5 for investability. Home values sit at $379K and rents near $1,565/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is it like being a landlord in Gardner, MA?
The landlord environment in Gardner, MA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
How quickly do rentals get leased in Gardner, MA?
Vacancy in Gardner, MA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,565/mo.
You know 01440 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01440 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 01440 ranks in Worcester, MA-CT
Every ZIP in this metro, ranked. Free.
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