Real Estate Investing in Framingham, Massachusetts (01702)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01702 (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 (01702)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01702 Framingham
Looking more closely, ZIP 01702 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $568K median. It rewards specialists, not generalists.
Rent of $2,302/mo on a $568K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 01702 sits below the stated 0.0% once reality is priced in.
Regionally, 01702 sits on the difficult end of the MA spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The 01702 ZIP's population of 39,761 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
The right play in 01702 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Framingham:
Property Strategy for 01702
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $224,466 | $2,230 | 7.2% | +8.1% | $224,466 |
| 2BR | $371,227 | $2,650 | 5.1% | +7.7% | $185,614 |
| 3BR | $608,731 | $3,180 | 3.8% | +6.8% | $202,910 |
| 4BR | $775,403 | $3,510 | 3.3% | +6.8% | $193,851 |
| 5BR | $866,849 | — | — | +6.7% | $173,370 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01702 Compare?
| Metric | 01702 | Framingham | Massachusetts |
|---|---|---|---|
| Home Value | $567,759 | $639,163 | $645,115 |
| 5-Year CAGR | 4.8% | 4.6% | 7.0% |
| Avg Rent | $2,302 | $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 01702 (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 | $567,759 |
| Monthly Rent | $2,302 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | -7.3% ▼ |
| 3-Year CAGR | -0.1% ▼ |
| 5-Year CAGR | +2.9% ▲ |
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 01702
Population: 39,761
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 01702
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Cameron Middle School
Fuller Middle
Harmony Grove Elementary
King Elementary School
Mary E Stapleton 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
Investor Insight: With 1,732 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is the tenant base reliable in Framingham, MA?
The tenant pool in Framingham, MA is solid, supported by local employment and population fundamentals. Rents of $2,302/mo are well-absorbed by the market.
How do landlord-tenant laws work in Framingham, MA?
Framingham, MA falls under MA landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
What kind of vacancy should I budget for in Framingham, MA?
Framingham, MA sees elevated vacancy, which is reasonable relative to the broader MA rental market.
Does house hacking make sense in Framingham, MA?
Framingham, MA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,302/mo rent level.
What is the typical home price in Framingham, MA?
Typical homes in Framingham, MA go for around $568K. The 5-year CAGR of 0.0% reliable price movement.
You know 01702 now. You don’t know where it ranks.
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How 01702 ranks in Boston-Cambridge-Newton, MA-NH
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