Real Estate Investing in Chelmsford, Massachusetts (01824)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01824 (Chelmsford, 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 Chelmsford, MA (01824)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01824 Chelmsford
Put differently, ZIP 01824 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $729K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $729K asset, 01824 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 01824 and stronger Chelmsford ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 01824 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 01824 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Chelmsford:
Property Strategy for 01824
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $458,442 | $2,900 | 4.6% | +8.3% | $229,221 |
| 3BR | $681,612 | $3,480 | 3.7% | +7.6% | $227,204 |
| 4BR | $824,994 | $3,840 | 3.4% | +7.4% | $206,248 |
| 5BR | $897,007 | — | — | +7.4% | $179,401 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01824 Compare?
| Metric | 01824 | Chelmsford | Massachusetts |
|---|---|---|---|
| Home Value | $728,769 | $646,405 | $645,115 |
| 5-Year CAGR | 5.3% | 5.7% | 7.0% |
| Avg Rent | $2,660 | $2,650 | - |
| Cap Rate | 2.9% | 3.3% | - |
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 01824 (Chelmsford, 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 | $728,769 |
| Monthly Rent | $2,660 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 01824
Population: 26,628
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 01824
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Washington
Abraham Lincoln
Charles W Morey
Dr Gertrude Bailey
James S Daley Middle School
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 2,406 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are vacancy rates like in Chelmsford, MA?
Expect elevated vacancy in Chelmsford, MA. Rents at $2,660/mo are absorbed by the tenant base without meaningful lag.
How much rent can I charge in Chelmsford, MA?
The typical rental in Chelmsford, MA commands about $2,660/mo monthly. That rent profile predictable cash flow against the $729K purchase basis.
How landlord-friendly is Chelmsford, MA?
For rental operators, Chelmsford, MA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
How strong is tenant demand in Chelmsford, MA?
Tenant demand in Chelmsford, MA is solid. The local workforce $2,660/mo rents across most rental classes.
Is Chelmsford, MA a good market for buy-and-hold investors?
The 3.0/5 investability rating in Chelmsford, MA reflects its $729K prices and $2,660/mo rents. Investors generally consider it a solid option within MA.
You know 01824 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01824 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 01824 ranks in Boston-Cambridge-Newton, MA-NH
Every ZIP in this metro, ranked. Free.
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