Real Estate Investing in Lawrence, Massachusetts (01840)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01840 (Lawrence, 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.
- Elevated poverty: 26.1% poverty rate — can affect rent collection.
- Higher unemployment: 7.7% unemployment — tenant risk signal.
- Lower household income: $30,696 median — tenant affordability is tighter.
What’s happening in Lawrence, MA (01840)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01840 Lawrence
This part of Essex County is not an easy win. The 01840 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 01840 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 01840's metrics run below Essex County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 01840 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 01840 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 Lawrence:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01840 Compare?
| Metric | 01840 | Lawrence | Massachusetts |
|---|---|---|---|
| Home Value | $393,089 | $477,015 | $645,115 |
| 5-Year CAGR | 7.4% | 6.8% | 7.0% |
| Avg Rent | $2,389 | $2,344 | - |
| Cap Rate | 4.7% | 3.9% | - |
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 01840 (Lawrence, MA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 01840 (Lawrence, MA)?
~25 seconds · no account needed · your report is anonymous
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 | $393,089 |
| Monthly Rent | $2,389 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +9.3% ▲ |
🏠 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 (4.7%). 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 01840
Population: 7,092
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 01840
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Alexander B Bruce
Arlington Elementary
Emily G Wetherbee
Gerard A. Guilmette
Guilmette 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
Frequently Asked Questions
Do rentals sit vacant long in Lawrence, MA?
Expect elevated vacancy in Lawrence, MA. Rents at $2,389/mo are absorbed by the tenant base without meaningful lag.
How strong are rents in Lawrence, MA?
The typical rental in Lawrence, MA commands about $2,389/mo monthly. That rent profile reliable cash flow against the $393K purchase basis.
Which investment style suits Lawrence, MA?
A careful cash-flow rentals with hands-on management strategy Lawrence, MA best. The market produces steady results for that approach at the $393K price point.
Does house hacking make sense in Lawrence, MA?
House hacking in Lawrence, MA is reasonable to execute. Prices around $393K and rents of $2,389/mo solid owner-occupant economics.
How strong is Lawrence, MA for real estate investors?
Lawrence, MA rates 3.0/5 for investability. With median values at $393K and rents near $2,389/mo, the market offers reasonable fundamentals for rental investors.
You know 01840 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01840 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 01840 ranks in Boston-Cambridge-Newton, MA-NH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 01840 (Lawrence)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 01840 (Lawrence, MA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.