Real Estate Investing in Lawrence, Massachusetts (01843)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01843 (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.
What’s happening in Lawrence, MA (01843)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01843 Lawrence
Not every below-median market is a bargain. Lawrence's 01843 ZIP records signals that favor experienced operators who can absorb the risk $543K pricing implies.
On the rental side, the numbers look inviting — $543K purchase price, 0.0% nominal cap — the work to hit that pro forma in 01843 is substantial and deserves full respect.
The gap between 01843 and stronger Lawrence ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 01843 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 01843 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Lawrence:
Property Strategy for 01843
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $423,568 | $2,390 | 4.1% | +9.8% | $211,784 |
| 3BR | $531,278 | $2,870 | 3.9% | +8.5% | $177,093 |
| 4BR | $565,440 | $3,160 | 4.0% | +8.7% | $141,360 |
| 5BR | $645,036 | — | — | +8.3% | $129,007 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01843 Compare?
| Metric | 01843 | Lawrence | Massachusetts |
|---|---|---|---|
| Home Value | $543,364 | $477,015 | $645,115 |
| 5-Year CAGR | 6.4% | 6.8% | 7.0% |
| Avg Rent | $2,399 | $2,344 | - |
| Cap Rate | 3.4% | 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 01843 (Lawrence, 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 | $543,364 |
| Monthly Rent | $2,399 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 Rent Trends
| 1-Year | -3.6% ▼ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 01843
Population: 28,444
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 01843
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Alexander B Bruce
Andover West Middle
Arlington Elementary
Bancroft Elementary
Doherty Middle
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 1,190 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are there empty rentals in Lawrence, MA?
Occupancy in Lawrence, MA runs predictable with elevated vacancy. Well-priced units at $2,399/mo lease on reasonable timelines.
Which investment style suits Lawrence, MA?
The best-fit strategy in Lawrence, MA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the typical rental rate in Lawrence, MA?
Rental rates in Lawrence, MA average $2,399/mo. Tenant demand and $543K home values make the yield look reasonable by investor standards.
What kind of tenants rent in Lawrence, MA?
Working renters make up the core of the Lawrence, MA tenant base. The pool is reasonable for investors targeting long-term holds.
What is the investability score for Lawrence, MA?
Our data puts Lawrence, MA at 3.0/5 for investability. Home prices of $543K and rents around $2,399/mo create a solid backdrop for investor activity.
You know 01843 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01843 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 01843 ranks in Boston-Cambridge-Newton, MA-NH
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