Real Estate Investing in Concord, Massachusetts (01742)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01742 (Concord, MA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
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 36.6 — hard to cash-flow at these prices.
What’s happening in Concord, MA (01742)?
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Market Analysis: 01742 Concord
The 01742 ZIP in Concord, MA is a local-operator market. Outside capital chasing a $1.4M entry has to pair deep knowledge with the discount.
The 01742 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 01742 sits on the difficult end of the MA spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 01742 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 01742 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 Concord:
Property Strategy for 01742
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $541,673 | $2,950 | 3.9% | +6.8% | $541,673 |
| 2BR | $735,135 | $3,500 | 3.4% | +6.1% | $367,567 |
| 3BR | $1,163,608 | $4,200 | 2.6% | +8.8% | $387,869 |
| 4BR | $1,590,402 | $4,630 | 2.1% | +9.2% | $397,600 |
| 5BR | $2,370,832 | — | — | +9.1% | $474,166 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01742 Compare?
| Metric | 01742 | Concord | Massachusetts |
|---|---|---|---|
| Home Value | $1,449,100 | $1,449,100 | $645,115 |
| 5-Year CAGR | 6.1% | 6.1% | 7.0% |
| Avg Rent | $3,296 | $3,296 | - |
| Cap Rate | 1.8% | 1.8% | - |
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 01742 (Concord, 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 | $1,449,100 |
| Monthly Rent | $3,296 |
| Price-to-Rent | 36.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.8% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | -13.3% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.8%). 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 01742
Population: 18,337
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 01742
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 1,139 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Concord, MA a good place for real estate investing?
Yes - Concord, MA a 3.0/5 investability score. With $1.4M home prices against $3,296/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the renter demographic in Concord, MA?
Concord, MA offers a even-keeled renter base at the $3,296/mo rent level. Tenant turnover is reasonable for well-managed properties.
How much do tenants pay in Concord, MA?
Expect rents around $3,296/mo per month in Concord, MA. With home values at $1.4M, the yield math works out to reasonable levels for rental investors.
What are vacancy rates like in Concord, MA?
Concord, MA sees elevated vacancy, which is reasonable relative to the broader MA rental market.
Is house hacking profitable in Concord, MA?
House hacking in Concord, MA is reasonable to execute. Prices around $1.4M and rents of $3,296/mo solid owner-occupant economics.
You know 01742 now. You don’t know where it ranks.
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How 01742 ranks in Boston-Cambridge-Newton, MA-NH
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