Real Estate Investing in Millbury, Massachusetts (01527)
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Should you buy in 01527 (Millbury, 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.
What’s happening in Millbury, MA (01527)?
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Market Analysis: 01527 Millbury
This part of Worcester County is not an easy win. The 01527 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $512K asset, 01527 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 01527 and stronger Millbury ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 01527 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 01527 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 Millbury:
Property Strategy for 01527
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $329,945 | $1,620 | 3.5% | +8.5% | $329,945 |
| 2BR | $420,656 | $2,080 | 3.6% | +7.7% | $210,328 |
| 3BR | $488,249 | $2,580 | 3.8% | +7.9% | $162,750 |
| 4BR | $638,053 | $2,860 | 3.2% | +8.7% | $159,513 |
| 5BR | $617,847 | — | — | +8.3% | $123,569 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01527 Compare?
| Metric | 01527 | Millbury | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $512,265 | $512,265 | N/A | $645,115 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.0% |
| Avg Rent | $2,317 | $2,317 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01527 (Millbury, 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 | $512,265 |
| Monthly Rent | $2,317 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | -6.5% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 01527
Population: 13,899
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 01527
Schools in This ZIP Code
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
Quinsigamond
Vernon Hill 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
Frequently Asked Questions
What do rentals go for in Millbury, MA?
Rental rates in Millbury, MA average $2,317/mo. Tenant demand and $512K home values make the yield look reasonable by investor standards.
Are renters plentiful in Millbury, MA?
Millbury, MA draws a reliable base of working renters. Demand at the $2,317/mo rent level is reasonable for standard single-family and small multi rentals.
Is house hacking profitable in Millbury, MA?
House hacking works a challenging in Millbury, MA. Rents of $2,317/mo against $512K acquisition make the strategy solid for owner-occupants.
Is Millbury, MA better for rentals, flips, or BRRRR?
For Millbury, MA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Are homes affordable in Millbury, MA?
Millbury, MA median home values land near $512K. That is reasonable territory for investors looking at $2,317/mo-per-month rentals.
You know 01527 now. You don’t know where it ranks.
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How 01527 ranks in Worcester, MA-CT
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