Real Estate Investing in Northborough, Massachusetts (01532)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01532 (Northborough, MA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 Northborough, MA (01532)?
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Market Analysis: 01532 Northborough
The 01532 ZIP covers a section of Northborough that demands careful diligence. Prices near $704K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 01532 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 01532 among MA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 01532 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 01532 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Northborough:
Property Strategy for 01532
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $482,523 | $3,080 | 4.6% | +7.1% | $241,261 |
| 3BR | $628,359 | $3,820 | 4.4% | +7.7% | $209,453 |
| 4BR | $861,051 | $4,230 | 3.5% | +8.2% | $215,263 |
| 5BR | $948,413 | — | — | +8.5% | $189,683 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01532 Compare?
| Metric | 01532 | Northborough | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $704,120 | $704,120 | N/A | $645,115 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 7.0% |
| Avg Rent | $2,920 | $2,920 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 01532 (Northborough, 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 | $704,120 |
| Monthly Rent | $2,920 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 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 (3.2%). 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 01532
Population: 15,694
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 01532
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
Investor Insight: With 2,314 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Northborough, MA?
Homes in Northborough, MA typically sell near $704K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Is Northborough, MA a friendly market for rental owners?
Landlord-friendliness in Northborough, MA is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How strong is tenant demand in Northborough, MA?
Tenant demand in Northborough, MA is solid. The local workforce $2,920/mo rents across most rental classes.
What is the typical vacancy rate in Northborough, MA?
Vacancy risk in Northborough, MA is elevated. That supports even-keeled cash flow for typical rental holds.
What strategy should investors use in Northborough, MA?
Northborough, MA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($704K prices, $2,920/mo rents) make it a reasonable choice.
You know 01532 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01532 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 01532 ranks in Worcester, MA-CT
Every ZIP in this metro, ranked. Free.
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