Real Estate Investing in Leicester, Massachusetts (01611)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01611 (Leicester, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Leicester, MA (01611)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01611 Leicester
Not every below-median market is a bargain. Leicester's 01611 ZIP clocks in at signals that favor experienced operators who can absorb the risk $432K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $432K asset, 01611 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader MA picture, 01611 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 01611 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 01611 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 Leicester:
Property Strategy for 01611
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $372,223 | $1,670 | 3.2% | +8.2% | $186,112 |
| 3BR | $413,582 | $2,040 | 3.6% | +8.2% | $137,861 |
| 4BR | $468,620 | $2,250 | 3.5% | +8.2% | $117,155 |
Market Trends
Home Value History (with trend line)
📊 How Does 01611 Compare?
| Metric | 01611 | Leicester | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $432,324 | $471,980 | N/A | $645,115 |
| 5-Year CAGR | 6.0% | 5.7% | N/A | 7.0% |
| Avg Rent | $1,503 | $1,653 | 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 01611 (Leicester, 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 | $432,324 |
| Monthly Rent | $1,503 |
| Price-to-Rent | 24.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (2.7%). 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 01611
Population: 2,401
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 01611
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Canterbury
Chandler Magnet
Columbus Park
Gates Lane
Goddard School/Science Technical
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 qualified is the tenant pool in Leicester, MA?
Tenant demand in Leicester, MA is solid. The local workforce $1,503/mo rents across most rental classes.
Is Leicester, MA landlord-friendly?
For rental operators, Leicester, MA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
How much does a house cost in Leicester, MA?
Expect median prices around $432K in Leicester, MA. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Does house hacking make sense in Leicester, MA?
Leicester, MA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $432K price point reasonable to enter.
Is Leicester in MA worth investing in?
Yes - Leicester, MA a 3.0/5 investability score. With $432K home prices against $1,503/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 01611 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01611 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 01611 ranks in Worcester, MA-CT
Every ZIP in this metro, ranked. Free.
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