Real Estate Investing in Chelsea, Massachusetts (02150)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02150 (Chelsea, 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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Chelsea, MA (02150)?
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Market Analysis: 02150 Chelsea
Meanwhile, ZIP 02150 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $532K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $532K asset, 02150 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 02150 and stronger Chelsea ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Turning to rents, 39,444 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.
The right play in 02150 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Chelsea:
Property Strategy for 02150
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $388,071 | $2,210 | 4.1% | +2.8% | $388,071 |
| 2BR | $477,988 | $2,630 | 4.0% | +3.8% | $238,994 |
| 3BR | $610,512 | $3,150 | 3.7% | +4.3% | $203,504 |
| 4BR | $674,176 | $3,480 | 3.7% | +5.1% | $168,544 |
| 5BR | $829,919 | — | — | +4.4% | $165,984 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02150 Compare?
| Metric | 02150 | Chelsea | Massachusetts |
|---|---|---|---|
| Home Value | $531,989 | $531,989 | $645,115 |
| 5-Year CAGR | 3.1% | 3.1% | 7.0% |
| Avg Rent | $2,641 | $2,641 | - |
| Cap Rate | 3.9% | 3.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02150 (Chelsea, MA). Anonymous, moderated, never written by AI.
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Property managers serving Suffolk County
Manage rentals here? List your business →CHARLESGATE Property Management provides full-service, customized property management for condominiums, multifamily properties, and investment portfolios in the Greater Boston Area. summary from their website
First Realty Management provides real estate management services for condominiums and commercial properties. summary from their website
MerGo Group offers property management and vacation rental management services in the Boston Metro Area. 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 | $531,989 |
| Monthly Rent | $2,641 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +4.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). 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 02150
Population: 39,444
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 02150
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 3,776 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What real estate strategy is ideal for Chelsea, MA?
In Chelsea, MA the solid play is typically careful cash-flow rentals with hands-on management. The combination of $532K prices and $2,641/mo rents suits that approach.
Should investors worry about vacancy in Chelsea, MA?
Chelsea, MA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Are tenants stable in Chelsea, MA?
Chelsea, MA offers a stable renter base at the $2,641/mo rent level. Tenant turnover is reasonable for well-managed properties.
Can I live-in-and-rent in Chelsea, MA?
The a challenging house-hack environment in Chelsea, MA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Where do rents currently stand in Chelsea, MA?
Average rent in Chelsea, MA is approximately $2,641/mo per month. Against $532K home values that yields a reasonable rent-to-price ratio.
You know 02150 now. You don’t know where it ranks.
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How 02150 ranks in Boston-Cambridge-Newton, MA-NH
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