Real Estate Investing in Sterling, Massachusetts (01564)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01564 (Sterling, 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.
- 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 Sterling, MA (01564)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01564 Sterling
ZIP 01564 inside Worcester County looks affordable on the surface — median value of $602K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $602K asset, 01564 is the wrong submarket. If the plan prices in friction, the yield can still work.
Put differently, 01564 offers a low basis, the region around Sterling has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
On balance, 8,111 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 01564 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Sterling:
Property Strategy for 01564
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $450,455 | $2,090 | 3.3% | +8.5% | $225,228 |
| 3BR | $564,981 | $2,590 | 3.3% | +7.8% | $188,327 |
| 4BR | $717,752 | $2,870 | 2.9% | +7.9% | $179,438 |
Market Trends
Home Value History (with trend line)
📊 How Does 01564 Compare?
| Metric | 01564 | Sterling | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $602,424 | $602,424 | N/A | $645,115 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.0% |
| Avg Rent | $1,881 | $1,881 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 01564 (Sterling, MA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 01564 (Sterling, MA)?
~25 seconds · no account needed · your report is anonymous
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 | $602,424 |
| Monthly Rent | $1,881 |
| Price-to-Rent | 26.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 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 01564
Population: 8,111
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 01564
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 3,591 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the smart move for investors in Sterling, MA?
Most investors in Sterling, MA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the average monthly rent in Sterling, MA?
Expect rents around $1,881/mo per month in Sterling, MA. With home values at $602K, the yield math works out to reasonable levels for rental investors.
Where do home prices stand in Sterling, MA?
Sterling, MA home values average about $602K. That price point suits investors targeting rentals with $1,881/mo in monthly income.
What is the tenant pool like in Sterling, MA?
The tenant pool in Sterling, MA is solid, supported by local employment and population fundamentals. Rents of $1,881/mo are well-absorbed by the market.
Do landlords face vacancy issues in Sterling, MA?
Expect elevated vacancy in Sterling, MA. Rents at $1,881/mo are absorbed by the tenant base without meaningful lag.
You know 01564 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01564 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 01564 ranks in Worcester, MA-CT
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 01564 (Sterling)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 01564 (Sterling, MA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.