Real Estate Investing in Northbridge, Massachusetts (01534)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01534 (Northbridge, 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.
- High price-to-rent: Price-to-rent ratio 26.7 — 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 Northbridge, MA (01534)?
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Market Analysis: 01534 Northbridge
The 01534 ZIP covers a section of Northbridge that demands careful diligence. Prices near $534K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 01534 can be a an appealing option for hunting ground — but the discount at $534K reflects genuine risk that outside investors often underestimate.
Regionally, 01534 sits on the difficult end of the MA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 01534 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Northbridge's stable or hybrid ZIPs before stepping into 01534. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Northbridge:
Property Strategy for 01534
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $382,457 | $1,850 | 3.5% | +8.3% | $191,228 |
| 3BR | $494,938 | $2,590 | 3.8% | +8.3% | $164,979 |
| 4BR | $687,602 | $2,970 | 3.1% | +8.3% | $171,900 |
Market Trends
Home Value History (with trend line)
📊 How Does 01534 Compare?
| Metric | 01534 | Northbridge | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $533,833 | $483,240 | N/A | $645,115 |
| 5-Year CAGR | 6.6% | 5.8% | N/A | 7.0% |
| Avg Rent | $1,665 | $1,620 | N/A | - |
| Cap Rate | 2.4% | 2.6% | - | - |
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 01534 (Northbridge, 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 | $533,833 |
| Monthly Rent | $1,665 |
| Price-to-Rent | 26.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 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 01534
Population: 6,097
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 01534
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Northbridge High
Northbridge Middle
Northbridge Elementary School
South Grafton Elementary
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 is the smart move for investors in Northbridge, MA?
A careful cash-flow rentals with hands-on management strategy Northbridge, MA best. The market produces reliable results for that approach at the $534K price point.
Is Northbridge, MA good for landlords?
Rental owners in Northbridge, MA deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
Is Northbridge, MA a good market for buy-and-hold investors?
Northbridge, MA rates 3.0/5 for investability. With median values at $534K and rents near $1,665/mo, the market offers reasonable fundamentals for rental investors.
Is it easy to find good tenants in Northbridge, MA?
Northbridge, MA offers a measured renter base at the $1,665/mo rent level. Tenant turnover is reasonable for well-managed properties.
Are rents high in Northbridge, MA?
Rental rates in Northbridge, MA average $1,665/mo. Tenant demand and $534K home values make the yield look reasonable by investor standards.
You know 01534 now. You don’t know where it ranks.
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How 01534 ranks in Worcester, MA-CT
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