Real Estate Investing in Reading, Massachusetts (01867)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01867 (Reading, 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 25.2 — hard to cash-flow at these prices.
What’s happening in Reading, MA (01867)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01867 Reading
ZIP 01867 inside Middlesex County looks affordable on the surface — median value of $930K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 01867 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Reading have seen price recovery that 01867 has not matched. Middlesex County data supports the view that the spread is structural rather than temporary.
Who lives in 01867 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Reading:
Property Strategy for 01867
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $446,988 | $2,210 | 3.6% | +5.7% | $446,988 |
| 2BR | $653,056 | $2,620 | 2.9% | +6.3% | $326,528 |
| 3BR | $863,691 | $3,140 | 2.6% | +7.1% | $287,897 |
| 4BR | $1,087,969 | $3,470 | 2.3% | +7.7% | $271,992 |
| 5BR | $1,206,906 | — | — | +7.9% | $241,381 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01867 Compare?
| Metric | 01867 | Reading | Massachusetts |
|---|---|---|---|
| Home Value | $929,771 | $929,771 | $645,115 |
| 5-Year CAGR | 5.7% | 5.7% | 7.0% |
| Avg Rent | $3,074 | $3,074 | - |
| Cap Rate | 2.6% | 2.6% | - |
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 01867 (Reading, MA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 01867 (Reading, MA)?
~25 seconds · no account needed · your report is anonymous
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 | $929,771 |
| Monthly Rent | $3,074 |
| Price-to-Rent | 25.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | +30.3% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). 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 01867
Population: 25,474
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 01867
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Woodville School
Wakefield Memorial High
Dolbeare
Galvin Middle School
Northeast Metro Regional Vocational
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 1,628 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are there empty rentals in Reading, MA?
Expect elevated vacancy in Reading, MA. Rents at $3,074/mo are absorbed by the tenant base without meaningful lag.
Is MA a landlord-friendly state?
For rental operators, Reading, MA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
What are home prices like in Reading, MA?
Expect median prices around $930K in Reading, MA. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Can I live-in-and-rent in Reading, MA?
House hacking in Reading, MA is reasonable to execute. Prices around $930K and rents of $3,074/mo solid owner-occupant economics.
What is the typical renter like in Reading, MA?
Expect a solid tenant pool in Reading, MA. The rental market absorbs $3,074/mo rents without meaningful friction.
You know 01867 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01867 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 01867 ranks in Boston-Cambridge-Newton, MA-NH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 01867 (Reading)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 01867 (Reading, MA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.