Real Estate Investing in North Brookfield, Massachusetts (01535)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01535 (North Brookfield, 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.
- Elevated vacancy: 9.8% vacancy may signal weakening demand.
- 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 North Brookfield, MA (01535)?
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Market Analysis: 01535 North Brookfield
The 01535 ZIP in North Brookfield, MA is a local-operator market. Outside capital chasing a $398K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 01535 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 01535 and stronger North Brookfield ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 01535 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. significant returns are possible in 01535, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in North Brookfield:
Property Strategy for 01535
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $325,746 | $1,670 | 3.7% | +7.1% | $162,873 |
| 3BR | $393,697 | $2,040 | 3.7% | +7.3% | $131,232 |
| 4BR | $419,825 | $2,250 | 3.9% | +7.6% | $104,956 |
Market Trends
Home Value History (with trend line)
📊 How Does 01535 Compare?
| Metric | 01535 | North Brookfield | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $398,491 | $398,491 | N/A | $645,115 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 7.0% |
| Avg Rent | $1,503 | $1,503 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 01535 (North Brookfield, 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 | $398,491 |
| Monthly Rent | $1,503 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.9%). 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 01535
Population: 4,739
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 01535
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 does North Brookfield, MA stack up for property investment?
Our data puts North Brookfield, MA at 3.0/5 for investability. Home prices of $398K and rents around $1,503/mo create a solid backdrop for investor activity.
What do landlords charge for rent in North Brookfield, MA?
Rents in North Brookfield, MA run near $1,503/mo. Compared with median home prices of $398K that produces solid gross yields for typical rentals.
Does North Brookfield, MA favor landlords or tenants?
The landlord environment in North Brookfield, MA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
What is the rental occupancy rate in North Brookfield, MA?
North Brookfield, MA sees elevated vacancy, which is reasonable relative to the broader MA rental market.
Can I house hack in North Brookfield, MA?
House hacking works a challenging in North Brookfield, MA. Rents of $1,503/mo against $398K acquisition make the strategy solid for owner-occupants.
You know 01535 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01535 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 01535 ranks in Worcester, MA-CT
Every ZIP in this metro, ranked. Free.
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Community Ratings
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