Real Estate Investing in Groveland, Massachusetts (01834)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01834 (Groveland, 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.
- High price-to-rent: Price-to-rent ratio 32.2 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Groveland, MA (01834)?
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Market Analysis: 01834 Groveland
ZIP 01834 inside Essex County looks affordable on the surface — median value of $726K — but the discount exists for reasons that a careful buyer should understand before committing.
Stepping back, the numbers look inviting — $726K purchase price, 0.0% nominal cap — the work to hit that pro forma in 01834 is substantial and deserves full respect.
Within MA, ZIP 01834 trails on several market indicators that neighboring Essex County submarkets outperform. The gap is real and notable enough to shape underwriting.
On balance, 6,747 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 01834 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 Groveland:
Property Strategy for 01834
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $535,801 | $2,090 | 2.8% | +6.7% | $267,900 |
| 3BR | $677,762 | $2,510 | 2.7% | +7.5% | $225,921 |
| 4BR | $836,683 | $2,770 | 2.4% | +7.9% | $209,171 |
Market Trends
Home Value History (with trend line)
📊 How Does 01834 Compare?
| Metric | 01834 | Groveland | Massachusetts |
|---|---|---|---|
| Home Value | $725,769 | $725,769 | $645,115 |
| 5-Year CAGR | 5.3% | 5.3% | 7.0% |
| Avg Rent | $1,881 | $1,881 | - |
| Cap Rate | 2.0% | 2.0% | - |
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 01834 (Groveland, MA). Anonymous, moderated, never written by AI.
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Property managers serving Essex County
Manage rentals here? List your business →MRS Property Management offers full-service property management and tenant placement for apartments, houses, and commercial rentals across the North Shore area and Southern New Hampshire. summary from their website
CNR Property Management provides expert property management and maintenance solutions. summary from their website
This domain is for sale for $2,295 or monthly payments. 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 | $725,769 |
| Monthly Rent | $1,881 |
| Price-to-Rent | 32.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (2.0%). 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 01834
Population: 6,747
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 01834
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Georgetown High School
Georgetown Middle School
Penn Brook
Perley 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 1,956 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Groveland, MA for real estate investors?
Groveland, MA scores 3.0/5 for investability. Home values sit at $726K and rents near $1,881/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is the tenant base reliable in Groveland, MA?
The renter base in Groveland, MA is reasonable for the $1,881/mo price point. Screening well and pricing to market typically yields consistent tenants.
How much do tenants pay in Groveland, MA?
Rent in Groveland, MA is around $1,881/mo. The resulting rent-to-value relationship with $726K pricing is reasonable for most investor models.
Are there empty rentals in Groveland, MA?
Vacancy in Groveland, MA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,881/mo.
Is Groveland, MA landlord-friendly?
MA ranks as a tenant-protective state for landlord-tenant law. Groveland generally follows the statewide framework, so landlords face reasonable operating rules.
You know 01834 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01834 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 01834 ranks in Boston-Cambridge-Newton, MA-NH
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