Real Estate Investing in Leominster, Massachusetts (01453)
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Should you buy in 01453 (Leominster, 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 Leominster, MA (01453)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01453 Leominster
This part of Worcester County is not an easy win. The 01453 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
From an investor standpoint, the numbers look inviting — $476K purchase price, 0.0% nominal cap — the work to hit that pro forma in 01453 is substantial and deserves full respect.
Regionally, 01453 sits on the difficult end of the MA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 01453 includes headwinds that any investor should price in. Income distribution skews lower than Leominster averages, and tenant stability requires active management.
Distressed ZIPs reward experience. substantial returns are possible in 01453, 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 Leominster:
Property Strategy for 01453
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $224,962 | $1,490 | 4.8% | +13.6% | $224,962 |
| 2BR | $341,690 | $1,850 | 3.9% | +10.0% | $170,845 |
| 3BR | $480,532 | $2,380 | 3.6% | +8.6% | $160,177 |
| 4BR | $563,976 | $2,790 | 3.6% | +8.8% | $140,994 |
| 5BR | $633,629 | — | — | +8.9% | $126,726 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01453 Compare?
| Metric | 01453 | Leominster | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $476,083 | $476,083 | N/A | $645,115 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.0% |
| Avg Rent | $1,869 | $1,869 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 01453 (Leominster, 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 | $476,083 |
| Monthly Rent | $1,869 |
| Price-to-Rent | 21.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 01453
Population: 43,635
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 01453
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 4,715 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Leominster, MA a good place for real estate investing?
The 3.0/5 investability rating in Leominster, MA reflects its $476K prices and $1,869/mo rents. Investors generally consider it a solid option within MA.
Are rents high in Leominster, MA?
Average rent in Leominster, MA is approximately $1,869/mo per month. Against $476K home values that yields a reasonable rent-to-price ratio.
What is the typical vacancy rate in Leominster, MA?
Expect elevated vacancy in Leominster, MA. Rents at $1,869/mo are absorbed by the tenant base without meaningful lag.
Is the tenant base reliable in Leominster, MA?
Leominster, MA offers a predictable renter base at the $1,869/mo rent level. Tenant turnover is reasonable for well-managed properties.
Which real estate strategy fits Leominster, MA?
Leominster, MA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($476K prices, $1,869/mo rents) make it a reasonable choice.
You know 01453 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01453 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 01453 ranks in Worcester, MA-CT
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