Real Estate Investing in Millville, Massachusetts (01529)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01529 (Millville, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Millville, MA (01529)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01529 Millville
ZIP 01529 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.
For an experienced owner, 01529 can be a a viable market for hunting ground — but the discount at $490K reflects genuine risk that outside investors often underestimate.
Stepping back, 01529 offers a low basis, the region around Millville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A significant renter share of 14% in 01529 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Millville's stable or hybrid ZIPs before stepping into 01529. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Millville:
Property Strategy for 01529
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $325,527 | $1,850 | 4.1% | +8.4% | $162,763 |
| 3BR | $494,037 | $2,590 | 3.8% | +7.4% | $164,679 |
| 4BR | $630,074 | $2,970 | 3.4% | +7.7% | $157,518 |
Market Trends
Home Value History (with trend line)
📊 How Does 01529 Compare?
| Metric | 01529 | Millville | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $489,752 | $489,752 | N/A | $645,115 |
| 5-Year CAGR | 4.1% | 4.1% | N/A | 7.0% |
| Avg Rent | $1,665 | $1,665 | N/A | - |
| Cap Rate | 2.7% | 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 01529 (Millville, 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 | $489,752 |
| Monthly Rent | $1,665 |
| Price-to-Rent | 24.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | -0.9% ▼ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (2.7%). 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 01529
Population: 3,156
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 01529
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Blackstone Millville RHS
Frederick W. Hartnett Middle School
John F Kennedy Elementary
A F Maloney
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 price range are homes in Millville, MA?
Millville, MA home values average about $490K. That price point suits investors targeting rentals with $1,665/mo in monthly income.
What kind of tenants rent in Millville, MA?
Working renters make up the core of the Millville, MA tenant base. The pool is reasonable for investors targeting long-term holds.
How strong is Millville, MA for real estate investors?
With a 3.0/5 investability score, Millville, MA ranks as a solid market for rental property investors. Median prices of $490K and rents of $1,665/mo drive the underlying numbers.
Is Millville, MA better for rentals, flips, or BRRRR?
In Millville, MA the durable play is typically careful cash-flow rentals with hands-on management. The combination of $490K prices and $1,665/mo rents suits that approach.
Is Millville, MA landlord-friendly?
For rental operators, Millville, MA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
You know 01529 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01529 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 01529 ranks in Worcester, MA-CT
Every ZIP in this metro, ranked. Free.
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