Real Estate Investing in Wakefield, Massachusetts (01880)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01880 (Wakefield, 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 Wakefield, MA (01880)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01880 Wakefield
The 01880 ZIP in Wakefield, MA is a local-operator market. Outside capital chasing a $829K entry has to pair deep knowledge with the discount.
The investment case in 01880 is resilient only for operators who understand what they are buying. A $829K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 01880 sits on the difficult end of the MA spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
From an investor standpoint, 27,258 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.
Strategy in 01880 is an operator game, not a passive one. From a cash-flow lens, entry prices of $829K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Wakefield:
Property Strategy for 01880
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $390,582 | $2,180 | 4.0% | +5.4% | $390,582 |
| 2BR | $620,374 | $2,590 | 3.0% | +6.5% | $310,187 |
| 3BR | $796,710 | $3,110 | 2.8% | +6.2% | $265,570 |
| 4BR | $946,631 | $3,430 | 2.6% | +6.1% | $236,658 |
| 5BR | $1,055,298 | — | — | +6.4% | $211,060 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01880 Compare?
| Metric | 01880 | Wakefield | Massachusetts |
|---|---|---|---|
| Home Value | $829,034 | $829,034 | $645,115 |
| 5-Year CAGR | 4.5% | 4.5% | 7.0% |
| Avg Rent | $2,834 | $2,834 | - |
| Cap Rate | 2.7% | 2.7% | - |
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 01880 (Wakefield, MA). Anonymous, moderated, never written by AI.
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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 | $829,034 |
| Monthly Rent | $2,834 |
| Price-to-Rent | 24.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 01880
Population: 27,258
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 01880
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Birch Meadow
Lynnfield High
Robin Hood
South
Stoneham Central 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 1,623 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Wakefield, MA?
Wakefield, MA rentals go for roughly $2,834/mo a month. That puts gross yield in solid territory relative to $829K acquisition costs.
Is the tenant base reliable in Wakefield, MA?
Working renters make up the core of the Wakefield, MA tenant base. The pool is reasonable for investors targeting long-term holds.
Is housing expensive in Wakefield, MA?
In Wakefield, MA the median home value sits at $829K. Against the broader MA market, that reads as reasonable for most investors.
How should investors approach Wakefield, MA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Wakefield, MA. The numbers - $829K homes against $2,834/mo rents - support that play.
How do landlord-tenant laws work in Wakefield, MA?
Wakefield, MA operates under MA law, which is tenant-protective overall for landlords. Expect predictable treatment in typical lease and eviction cases.
You know 01880 now. You don’t know where it ranks.
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How 01880 ranks in Boston-Cambridge-Newton, MA-NH
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