Real Estate Investing in Hopedale, Massachusetts (01747)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01747 (Hopedale, MA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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 Hopedale, MA (01747)?
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Market Analysis: 01747 Hopedale
From a cash-flow lens, ZIP 01747 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $540K median. It rewards specialists, not generalists.
The 01747 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 01747's metrics run below Worcester County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 01747 ZIP's population of 6,024 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Strategy in 01747 is an operator game, not a passive one. Stepping back, entry prices of $540K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Hopedale:
Property Strategy for 01747
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $419,348 | $2,320 | 4.0% | +8.4% | $209,674 |
| 3BR | $497,630 | $3,230 | 4.7% | +7.0% | $165,877 |
| 4BR | $675,909 | $3,620 | 3.9% | +7.4% | $168,977 |
Market Trends
Home Value History (with trend line)
📊 How Does 01747 Compare?
| Metric | 01747 | Hopedale | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $540,492 | $540,492 | N/A | $645,115 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 7.0% |
| Avg Rent | $2,088 | $2,088 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 01747 (Hopedale, 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 | $540,492 |
| Monthly Rent | $2,088 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (3.0%). 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 01747
Population: 6,024
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 01747
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Brookside
Memorial
Stacy Middle
Woodland
Henry P Clough
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
Are rents high in Hopedale, MA?
Rental rates in Hopedale, MA average $2,088/mo. Tenant demand and $540K home values make the yield look reasonable by investor standards.
Are renters plentiful in Hopedale, MA?
Expect a solid tenant pool in Hopedale, MA. The rental market absorbs $2,088/mo rents without meaningful friction.
Do landlords face vacancy issues in Hopedale, MA?
Hopedale, MA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How viable is house hacking in Hopedale, MA?
Hopedale, MA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $540K price point reasonable to enter.
How should investors approach Hopedale, MA?
Investors usually favor careful cash-flow rentals with hands-on management in Hopedale, MA. With home values at $540K and rents near $2,088/mo, other strategies can work but produce predictable rather than outsized returns.
You know 01747 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01747 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 01747 ranks in Worcester, MA-CT
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