Real Estate Investing in Harvard, Massachusetts (01451)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01451 (Harvard, 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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 34.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Harvard, MA (01451)?
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Market Analysis: 01451 Harvard
Investors eyeing 01451 need to respect the fundamentals at play. Home values of $940K come alongside slower price movement and elevated management overhead.
The 01451 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 01451 and stronger Harvard ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 01451 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 01451 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 Harvard:
Property Strategy for 01451
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $643,858 | $2,560 | 2.9% | +7.2% | $321,929 |
| 3BR | $825,504 | $3,080 | 2.7% | +7.6% | $275,168 |
| 4BR | $1,042,566 | $3,390 | 2.3% | +8.6% | $260,641 |
| 5BR | $1,335,994 | — | — | +8.7% | $267,199 |
Market Trends
Home Value History (with trend line)
📊 How Does 01451 Compare?
| Metric | 01451 | Harvard | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $939,827 | $939,827 | N/A | $645,115 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 7.0% |
| Avg Rent | $2,304 | $2,304 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01451 (Harvard, 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 | $939,827 |
| Monthly Rent | $2,304 |
| Price-to-Rent | 34.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (1.9%). 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 01451
Population: 5,359
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 01451
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Francis W. Parker Charter Essential 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 1,428 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in Harvard, MA?
Average rent in Harvard, MA is approximately $2,304/mo per month. Against $940K home values that yields a reasonable rent-to-price ratio.
Is vacancy a concern in Harvard, MA?
Rental vacancy in Harvard, MA is elevated. Investors should budget normal turnover but not chronic empty units.
What is the investability score for Harvard, MA?
Harvard, MA registers an investability rating of 3.0/5, with median home values near $940K and average rents around $2,304/mo. That combination puts it in the solid tier for investor interest.
Is house hacking profitable in Harvard, MA?
House hacking in Harvard, MA is reasonable to execute. Prices around $940K and rents of $2,304/mo solid owner-occupant economics.
Are renters plentiful in Harvard, MA?
Harvard, MA draws a predictable base of working renters. Demand at the $2,304/mo rent level is reasonable for standard single-family and small multi rentals.
You know 01451 now. You don’t know where it ranks.
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How 01451 ranks in Worcester, MA-CT
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