Real Estate Investing in Manchester, Massachusetts (01944)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01944 (Manchester, 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 30.6 — hard to cash-flow at these prices.
What’s happening in Manchester, MA (01944)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01944 Manchester
Turning to rents, ZIP 01944 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $1.4M median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 01944 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 01944's metrics run below Essex County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A healthy renter share of 23% in 01944 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 01944 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 Manchester:
Property Strategy for 01944
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $749,811 | $2,660 | 2.6% | +7.1% | $374,906 |
| 3BR | $1,082,288 | $3,190 | 2.1% | +8.5% | $360,763 |
| 4BR | $1,479,828 | $3,520 | 1.7% | +9.8% | $369,957 |
| 5BR | $2,560,137 | — | — | +10.1% | $512,027 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01944 Compare?
| Metric | 01944 | Manchester | Massachusetts |
|---|---|---|---|
| Home Value | $1,396,520 | $1,396,520 | $645,115 |
| 5-Year CAGR | 7.2% | 7.2% | 7.0% |
| Avg Rent | $3,800 | $3,800 | - |
| Cap Rate | 2.1% | 2.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01944 (Manchester, 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 | $1,396,520 |
| Monthly Rent | $3,800 |
| Price-to-Rent | 30.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). 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 01944
Population: 5,368
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 01944
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 do landlords charge for rent in Manchester, MA?
Expect rents around $3,800/mo per month in Manchester, MA. With home values at $1.4M, the yield math works out to reasonable levels for rental investors.
How do experienced investors play Manchester, MA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Manchester, MA. The numbers - $1.4M homes against $3,800/mo rents - support that play.
How does Manchester, MA rate as a rental market?
Manchester, MA rates 3.0/5 for investability. With median values at $1.4M and rents near $3,800/mo, the market offers reasonable fundamentals for rental investors.
Can I live-in-and-rent in Manchester, MA?
The house hack math a tougher in Manchester, MA. Owner-occupant buyers benefit from the $3,800/mo rents and $1.4M home values.
Is the tenant base reliable in Manchester, MA?
The renter base in Manchester, MA is reasonable for the $3,800/mo price point. Screening well and pricing to market typically yields measured tenants.
You know 01944 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01944 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 01944 ranks in Boston-Cambridge-Newton, MA-NH
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