Real Estate Investing in Mansfield, Massachusetts (02048)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02048 (Mansfield, 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 Mansfield, MA (02048)?
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Market Analysis: 02048 Mansfield
From a cash-flow lens, ZIP 02048 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $722K median. It rewards specialists, not generalists.
For an experienced owner, 02048 can be a worth a close look for hunting ground — but the discount at $722K reflects genuine risk that outside investors often underestimate.
In the broader MA picture, 02048 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 02048 includes headwinds that any investor should price in. Income distribution skews lower than Mansfield averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 02048 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 Mansfield:
Property Strategy for 02048
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $245,609 | $2,160 | 6.3% | +8.9% | $245,609 |
| 2BR | $447,638 | $2,560 | 4.1% | +8.3% | $223,819 |
| 3BR | $657,711 | $3,080 | 3.4% | +7.5% | $219,237 |
| 4BR | $849,882 | $3,390 | 2.9% | +7.6% | $212,470 |
| 5BR | $935,204 | — | — | +8.0% | $187,041 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02048 Compare?
| Metric | 02048 | Mansfield | Massachusetts |
|---|---|---|---|
| Home Value | $721,641 | $721,641 | $645,115 |
| 5-Year CAGR | 5.7% | 5.7% | 7.0% |
| Avg Rent | $2,575 | $2,575 | - |
| Cap Rate | 2.8% | 2.8% | - |
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 02048 (Mansfield, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $721,641 |
| Monthly Rent | $2,575 |
| Price-to-Rent | 23.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | -0.3% ▼ |
| 3-Year CAGR | +3.2% ▲ |
| 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 02048
Population: 23,855
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 02048
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 1,858 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in Mansfield, MA?
Expect rents around $2,575/mo per month in Mansfield, MA. With home values at $722K, the yield math works out to reasonable levels for rental investors.
How much does a house cost in Mansfield, MA?
Mansfield, MA home values average about $722K. That price point suits investors targeting rentals with $2,575/mo in monthly income.
Do landlords face vacancy issues in Mansfield, MA?
Vacancy in Mansfield, MA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,575/mo.
Can owner-occupants cash flow in Mansfield, MA?
The a challenging house-hack environment in Mansfield, MA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How do experienced investors play Mansfield, MA?
Most investors in Mansfield, MA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 02048 now. You don’t know where it ranks.
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