Real Estate Investing in Gloucester, Massachusetts (01930)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01930 (Gloucester, MA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.4% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Gloucester, MA (01930)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01930 Gloucester
The 01930 ZIP covers a section of Gloucester that demands careful diligence. Prices near $785K look accessible, but the work to make a deal cash flow is real.
The 01930 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Gloucester have seen price recovery that 01930 has not matched. Essex County data supports the view that the spread is structural rather than temporary.
The 01930 ZIP's population of 29,862 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
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 Gloucester:
Property Strategy for 01930
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $412,012 | $2,160 | 3.8% | +7.7% | $412,012 |
| 2BR | $605,911 | $2,560 | 3.0% | +8.5% | $302,955 |
| 3BR | $778,338 | $3,080 | 2.8% | +8.5% | $259,446 |
| 4BR | $1,026,279 | $3,390 | 2.4% | +9.5% | $256,570 |
| 5BR | $1,815,230 | — | — | +10.8% | $363,046 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01930 Compare?
| Metric | 01930 | Gloucester | Massachusetts |
|---|---|---|---|
| Home Value | $784,683 | $784,683 | $645,115 |
| 5-Year CAGR | 6.3% | 6.3% | 7.0% |
| Avg Rent | $2,709 | $2,709 | - |
| 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 01930 (Gloucester, MA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 01930 (Gloucester, 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 | $784,683 |
| Monthly Rent | $2,709 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (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 01930
Population: 29,862
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 01930
Schools in This ZIP Code
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 3,301 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in Gloucester, MA?
In Gloucester, MA the median home value sits at $785K. Against the broader MA market, that reads as reasonable for most investors.
What real estate strategy is ideal for Gloucester, MA?
For Gloucester, MA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is vacancy a concern in Gloucester, MA?
Expect elevated vacancy in Gloucester, MA. Rents at $2,709/mo are absorbed by the tenant base without meaningful lag.
Does house hacking work in Gloucester, MA?
House hacking in Gloucester, MA is reasonable to execute. Prices around $785K and rents of $2,709/mo solid owner-occupant economics.
How qualified is the tenant pool in Gloucester, MA?
Expect a solid tenant pool in Gloucester, MA. The rental market absorbs $2,709/mo rents without meaningful friction.
You know 01930 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01930 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 01930 ranks in Boston-Cambridge-Newton, MA-NH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 01930 (Gloucester)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 01930 (Gloucester, MA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.