Real Estate Investing in Blackstone, Massachusetts (01504)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01504 (Blackstone, 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.
- High price-to-rent: Price-to-rent ratio 28.2 — hard to cash-flow at these prices.
What’s happening in Blackstone, MA (01504)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01504 Blackstone
ZIP 01504 inside Worcester County looks affordable on the surface — median value of $490K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 01504 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within MA, ZIP 01504 trails on several market indicators that neighboring Worcester County submarkets outperform. The gap is real and resilient enough to shape underwriting.
Employment concentration in 01504 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Blackstone's stable or hybrid ZIPs before stepping into 01504. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Blackstone:
Property Strategy for 01504
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $381,749 | $2,560 | 4.8% | +8.2% | $190,874 |
| 3BR | $474,440 | $3,080 | 4.7% | +7.3% | $158,147 |
| 4BR | $584,541 | $3,390 | 4.2% | +7.5% | $146,135 |
| 5BR | $560,448 | — | — | +6.4% | $112,090 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01504 Compare?
| Metric | 01504 | Blackstone | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $490,063 | $490,063 | N/A | $645,115 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 7.0% |
| Avg Rent | $1,450 | $1,450 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
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 01504 (Blackstone, 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 | $490,063 |
| Monthly Rent | $1,450 |
| Price-to-Rent | 28.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (2.3%). 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 01504
Population: 9,211
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 01504
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Millville Elementary
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
Frequently Asked Questions
How strong is Blackstone, MA for real estate investors?
The 3.0/5 investability rating in Blackstone, MA reflects its $490K prices and $1,450/mo rents. Investors generally consider it a solid option within MA.
Which investment style suits Blackstone, MA?
The best-fit strategy in Blackstone, MA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Should investors worry about vacancy in Blackstone, MA?
Blackstone, MA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Blackstone, MA a good market for FHA house hackers?
House hacking in Blackstone, MA is reasonable to execute. Prices around $490K and rents of $1,450/mo solid owner-occupant economics.
Are eviction rules reasonable in Blackstone, MA?
MA ranks as a tenant-protective state for landlord-tenant law. Blackstone generally follows the statewide framework, so landlords face reasonable operating rules.
You know 01504 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01504 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 01504 ranks in Worcester, MA-CT
Every ZIP in this metro, ranked. Free.
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