Real Estate Investing in Walpole, Massachusetts (02032)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02032 (Walpole, 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 Walpole, MA (02032)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02032 Walpole
In practical terms, ZIP 02032 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $816K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 02032 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Walpole have seen price recovery that 02032 has not matched. Norfolk County data supports the view that the spread is structural rather than temporary.
A durable renter share of 19% in 02032 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
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 Walpole:
Property Strategy for 02032
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $592,925 | $2,860 | 3.5% | +5.5% | $296,462 |
| 3BR | $692,243 | $3,430 | 3.6% | +6.2% | $230,748 |
| 4BR | $1,064,338 | $3,790 | 2.6% | +7.5% | $266,084 |
| 5BR | $1,207,053 | — | — | +7.6% | $241,411 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02032 Compare?
| Metric | 02032 | Walpole | Massachusetts |
|---|---|---|---|
| Home Value | $816,204 | $819,101 | $645,115 |
| 5-Year CAGR | 4.8% | 5.1% | 7.0% |
| Avg Rent | $2,911 | $2,728 | - |
| Cap Rate | 2.8% | 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 02032 (Walpole, 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 | $816,204 |
| Monthly Rent | $2,911 |
| Price-to-Rent | 23.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (2.8%). 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 02032
Population: 4,914
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 02032
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Balch
Boyden
Dr. Philip O. Coakley Middle School
Eleanor N Johnson Middle
F A Cleveland
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
Do rentals sit vacant long in Walpole, MA?
Expect elevated vacancy in Walpole, MA. Rents at $2,911/mo are absorbed by the tenant base without meaningful lag.
Which real estate strategy fits Walpole, MA?
The best-fit strategy in Walpole, MA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Are tenants stable in Walpole, MA?
Walpole, MA draws a steady base of working renters. Demand at the $2,911/mo rent level is reasonable for standard single-family and small multi rentals.
How do landlord-tenant laws work in Walpole, MA?
MA ranks as a tenant-protective state for landlord-tenant law. Walpole generally follows the statewide framework, so landlords face reasonable operating rules.
What price range are homes in Walpole, MA?
Median home price in Walpole, MA is near $816K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
You know 02032 now. You don’t know where it ranks.
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How 02032 ranks in Boston-Cambridge-Newton, MA-NH
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