Real Estate Investing in Framingham, Massachusetts (01701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01701 (Framingham, MA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 Framingham, MA (01701)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01701 Framingham
Not every below-median market is a bargain. Framingham's 01701 ZIP clocks in at signals that favor experienced operators who can absorb the risk $711K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 01701 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 01701 sits on the difficult end of the MA spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 01701 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.
The 01701 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Framingham:
Property Strategy for 01701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $272,184 | $2,320 | 6.1% | +6.8% | $272,184 |
| 2BR | $562,546 | $2,750 | 3.5% | +7.0% | $281,273 |
| 3BR | $648,059 | $3,300 | 3.7% | +6.5% | $216,020 |
| 4BR | $815,460 | $3,640 | 3.2% | +6.5% | $203,865 |
| 5BR | $893,516 | — | — | +6.3% | $178,703 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01701 Compare?
| Metric | 01701 | Framingham | Massachusetts |
|---|---|---|---|
| Home Value | $710,566 | $639,163 | $645,115 |
| 5-Year CAGR | 4.4% | 4.6% | 7.0% |
| Avg Rent | $2,903 | $2,602 | - |
| 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 01701 (Framingham, MA). Anonymous, moderated, never written by AI.
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Property managers serving Middlesex County
Manage rentals here? List your business →Green Ocean Property Management offers investment property management and condo association management services in Boston and surrounding areas like Allston, Brighton, Cambridge, and Quincy. summary from their website
McDonough Property Management offers full-service property management and HOA management in the Greater Boston Area, covering maintenance, inspections, legal compliance, and communication. summary from their website
New England Property Management & Maintenance offers property management for multi/single-family homes, apartments, rental properties, and condo associations in Brookline, MA and Cambridge, MA. 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 | $710,566 |
| Monthly Rent | $2,903 |
| Price-to-Rent | 20.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | +18.4% ▲ |
| 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 01701
Population: 32,270
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 01701
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 1,732 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors worry about vacancy in Framingham, MA?
Expect elevated vacancy in Framingham, MA. Rents at $2,903/mo are absorbed by the tenant base without meaningful lag.
Is Framingham, MA good for landlords?
The landlord environment in Framingham, MA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
What is the median home value in Framingham, MA?
Median home price in Framingham, MA is near $711K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Does house hacking work in Framingham, MA?
House hacking in Framingham, MA is a challenging. With home values around $711K and rents at $2,903/mo, owner-occupants can offset a meaningful share of PITI.
What is the tenant pool like in Framingham, MA?
Tenant quality in Framingham, MA ranks as solid. Landlords generally report steady occupancy at market rents of $2,903/mo.
You know 01701 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01701 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 01701 ranks in Boston-Cambridge-Newton, MA-NH
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