Real Estate Investing in Charlton, Massachusetts (01507)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01507 (Charlton, 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 27.7 — 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 Charlton, MA (01507)?
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Market Analysis: 01507 Charlton
ZIP 01507 in Charlton, MA carries a healthy set of headwinds. Home values near $541K and rents of $1,629/mo sit inside a market where underwriting has to be tight.
The investment case in 01507 is impressive only for operators who understand what they are buying. A $541K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader MA picture, 01507 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 01507 ZIP's population of 13,359 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Distressed ZIPs reward experience. durable returns are possible in 01507, 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 Charlton:
Property Strategy for 01507
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $349,036 | $1,410 | 2.9% | +7.2% | $349,036 |
| 2BR | $379,504 | $1,810 | 3.4% | +8.2% | $189,752 |
| 3BR | $505,413 | $2,240 | 3.2% | +8.5% | $168,471 |
| 4BR | $626,851 | $2,490 | 2.9% | +8.6% | $156,713 |
| 5BR | $658,812 | — | — | +8.5% | $131,762 |
Market Trends
Home Value History (with trend line)
📊 How Does 01507 Compare?
| Metric | 01507 | Charlton | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $540,578 | $540,578 | N/A | $645,115 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.0% |
| Avg Rent | $1,629 | $1,629 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 01507 (Charlton, 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 | $540,578 |
| Monthly Rent | $1,629 |
| Price-to-Rent | 27.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.4%). 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 01507
Population: 13,359
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 01507
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
Frequently Asked Questions
Should investors consider Charlton, MA?
With a 3.0/5 investability score, Charlton, MA ranks as a solid market for rental property investors. Median prices of $541K and rents of $1,629/mo drive the underlying numbers.
What do rentals go for in Charlton, MA?
Rental rates in Charlton, MA average $1,629/mo. Tenant demand and $541K home values make the yield look reasonable by investor standards.
What is the average home sale price in Charlton, MA?
Expect median prices around $541K in Charlton, MA. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
How high is vacancy risk in Charlton, MA?
Charlton, MA carries elevated vacancy risk. Expect consistent absorption at market rents of $1,629/mo.
Does a duplex house hack pencil in Charlton, MA?
The a challenging house-hack environment in Charlton, MA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 01507 now. You don’t know where it ranks.
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How 01507 ranks in Worcester, MA-CT
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