Real Estate Investing in Leicester, Massachusetts (01524)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01524 (Leicester, MA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.8% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 26.2 — 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 Leicester, MA (01524)?
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Market Analysis: 01524 Leicester
The 01524 ZIP covers a section of Leicester that demands careful diligence. Prices near $472K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 01524 can be a a viable market for hunting ground — but the discount at $472K reflects genuine risk that outside investors often underestimate.
ZIP 01524's metrics run below Worcester County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
In practical terms, 6,110 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.
The 01524 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Leicester:
Property Strategy for 01524
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $389,067 | $1,670 | 3.1% | +8.1% | $194,533 |
| 3BR | $454,743 | $2,040 | 3.2% | +7.6% | $151,581 |
| 4BR | $537,654 | $2,250 | 3.0% | +7.9% | $134,413 |
Market Trends
Home Value History (with trend line)
📊 How Does 01524 Compare?
| Metric | 01524 | Leicester | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $472,341 | $471,980 | N/A | $645,115 |
| 5-Year CAGR | 5.6% | 5.7% | N/A | 7.0% |
| Avg Rent | $1,503 | $1,653 | N/A | - |
| Cap Rate | 2.5% | 2.7% | - | - |
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 01524 (Leicester, 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 | $472,341 |
| Monthly Rent | $1,503 |
| Price-to-Rent | 26.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (2.5%). 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 01524
Population: 6,110
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 01524
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
How much does a house cost in Leicester, MA?
Typical homes in Leicester, MA go for around $472K. The 5-year CAGR of 0.0% stable price movement.
What is the best play in Leicester, MA?
In Leicester, MA the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $472K prices and $1,503/mo rents suits that approach.
How strong is tenant demand in Leicester, MA?
Leicester, MA offers a steady renter base at the $1,503/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does house hacking work in Leicester, MA?
Leicester, MA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,503/mo rent level.
How high is vacancy risk in Leicester, MA?
Rental vacancy in Leicester, MA is elevated. Investors should budget normal turnover but not chronic empty units.
You know 01524 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01524 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 01524 ranks in Worcester, MA-CT
Every ZIP in this metro, ranked. Free.
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