Real Estate Investing in Bellingham, Massachusetts (02019)
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Should you buy in 02019 (Bellingham, MA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 Bellingham, MA (02019)?
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Market Analysis: 02019 Bellingham
Investors eyeing 02019 need to respect the fundamentals at play. Home values of $548K come alongside slower price movement and elevated management overhead.
Put differently, the numbers look inviting — $548K purchase price, 0.0% nominal cap — the work to hit that pro forma in 02019 is substantial and deserves full respect.
Statewide comparisons place 02019 among MA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Stepping back, 17,160 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.
New investors are better served looking at Bellingham's stable or hybrid ZIPs before stepping into 02019. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Bellingham:
Property Strategy for 02019
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $436,930 | $2,590 | 4.3% | +6.5% | $218,465 |
| 3BR | $515,768 | $3,110 | 4.3% | +6.6% | $171,923 |
| 4BR | $679,446 | $3,430 | 3.6% | +6.7% | $169,862 |
| 5BR | $694,456 | — | — | +6.4% | $138,891 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02019 Compare?
| Metric | 02019 | Bellingham | Massachusetts |
|---|---|---|---|
| Home Value | $548,481 | $548,481 | $645,115 |
| 5-Year CAGR | 4.9% | 4.9% | 7.0% |
| Avg Rent | $2,571 | $2,571 | - |
| Cap Rate | 3.7% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02019 (Bellingham, MA). Anonymous, moderated, never written by AI.
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Property managers serving Norfolk County
Manage rentals here? List your business →Old Colony Property Services is a condominium and HOA property management company serving the Old Colony area of Southeastern Massachusetts, including Canton, Easton, Brockton, and Bridgewater. summary from their website
Bellevue Property Management is a home rental and property management company servicing Boston Metrowest, including Newton, Needham, Wellesley, Weston, Wayland, Natick, and Holliston. summary from their website
The Triad Group is a real estate and development company specializing in taking development projects from vision to reality across the United States and globally. 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 | $548,481 |
| Monthly Rent | $2,571 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | -1.8% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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 02019
Population: 17,160
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 02019
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
Frequently Asked Questions
How qualified is the tenant pool in Bellingham, MA?
The tenant pool in Bellingham, MA is solid, supported by local employment and population fundamentals. Rents of $2,571/mo are well-absorbed by the market.
Is Bellingham, MA a smart market for rental property?
The 3.0/5 investability rating in Bellingham, MA reflects its $548K prices and $2,571/mo rents. Investors generally consider it a solid option within MA.
How landlord-friendly is Bellingham, MA?
The landlord environment in Bellingham, MA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
Can owner-occupants cash flow in Bellingham, MA?
Bellingham, MA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,571/mo rent level.
What price range are homes in Bellingham, MA?
The median home value in Bellingham, MA is roughly $548K. That puts it reasonable relative to the MA statewide average.
You know 02019 now. You don’t know where it ranks.
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How 02019 ranks in Boston-Cambridge-Newton, MA-NH
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