Real Estate Investing in Methuen, Massachusetts (01844)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01844 (Methuen, 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 Methuen, MA (01844)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01844 Methuen
ZIP 01844 in Methuen, MA carries a impressive set of headwinds. Home values near $631K and rents of $2,489/mo sit inside a market where underwriting has to be tight.
The investment case in 01844 is durable only for operators who understand what they are buying. A $631K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Methuen have seen price recovery that 01844 has not matched. Essex County data supports the view that the spread is structural rather than temporary.
A durable renter share of 26% in 01844 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 01844 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 Methuen:
Property Strategy for 01844
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $295,386 | $1,760 | 4.3% | +8.5% | $295,386 |
| 2BR | $470,483 | $2,310 | 3.5% | +8.1% | $235,241 |
| 3BR | $607,848 | $2,770 | 3.3% | +7.8% | $202,616 |
| 4BR | $708,187 | $3,060 | 3.1% | +7.9% | $177,047 |
| 5BR | $739,264 | — | — | +7.9% | $147,853 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01844 Compare?
| Metric | 01844 | Methuen | Massachusetts |
|---|---|---|---|
| Home Value | $630,701 | $630,701 | $645,115 |
| 5-Year CAGR | 5.8% | 5.8% | 7.0% |
| Avg Rent | $2,489 | $2,489 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01844 (Methuen, 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 | $630,701 |
| Monthly Rent | $2,489 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | -0.3% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 01844
Population: 53,015
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 01844
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Alexander B Bruce
Arlington Elementary
Francis M Leahy
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
Investor Insight: With 1,523 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Methuen, MA?
In Methuen, MA the median home value sits at $631K. Against the broader MA market, that reads as reasonable for most investors.
Is rental property easy to operate in Methuen, MA?
Methuen, MA falls under MA landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
Is real estate in Methuen, MA a good investment right now?
Yes - Methuen, MA a 3.0/5 investability score. With $631K home prices against $2,489/mo monthly rent, the market delivers a reasonable entry point for new investors.
Can owner-occupants cash flow in Methuen, MA?
For house hackers, Methuen, MA is a challenging. The $2,489/mo rent on a unit helps defray the mortgage on a $631K property.
Are tenants stable in Methuen, MA?
The renter base in Methuen, MA is reasonable for the $2,489/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
You know 01844 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01844 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 01844 ranks in Boston-Cambridge-Newton, MA-NH
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