Real Estate Investing in Hanover, Massachusetts (02339)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02339 (Hanover, 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 Hanover, MA (02339)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02339 Hanover
ZIP 02339 in Hanover, MA carries a resilient set of headwinds. Home values near $838K and rents of $3,023/mo sit inside a market where underwriting has to be tight.
The investment case in 02339 is substantial only for operators who understand what they are buying. A $838K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader MA picture, 02339 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 02339 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. substantial returns are possible in 02339, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Hanover:
Property Strategy for 02339
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $669,706 | $2,560 | 2.8% | +7.2% | $334,853 |
| 3BR | $703,182 | $3,080 | 3.2% | +7.2% | $234,394 |
| 4BR | $944,767 | $3,390 | 2.6% | +7.8% | $236,192 |
| 5BR | $1,120,406 | — | — | +8.4% | $224,081 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02339 Compare?
| Metric | 02339 | Hanover | Massachusetts |
|---|---|---|---|
| Home Value | $838,446 | $838,446 | $645,115 |
| 5-Year CAGR | 5.7% | 5.7% | 7.0% |
| Avg Rent | $3,023 | $3,023 | - |
| 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 02339 (Hanover, MA). Anonymous, moderated, never written by AI.
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Property managers serving Plymouth County
Manage rentals here? List your business →Ahearn Realty Management is a management company for residential properties. summary from their website
KLV Property Management offers apartment living and commercial rentals south of Boston. summary from their website
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
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 | $838,446 |
| Monthly Rent | $3,023 |
| Price-to-Rent | 23.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 02339
Population: 14,800
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 02339
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
John W Rogers Middle
Rockland Senior High
R Stewart Esten
Phelps Elementary School
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 2,437 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical vacancy rate in Hanover, MA?
Vacancy risk in Hanover, MA is elevated. That supports even-keeled cash flow for typical rental holds.
How do landlord-tenant laws work in Hanover, MA?
Hanover, MA operates under MA law, which is tenant-protective overall for landlords. Expect measured treatment in typical lease and eviction cases.
Are renters plentiful in Hanover, MA?
Tenant demand in Hanover, MA is solid. The local workforce $3,023/mo rents across most rental classes.
Is Hanover, MA suited for a house hack?
Hanover, MA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $3,023/mo rent level.
What is the best play in Hanover, MA?
A careful cash-flow rentals with hands-on management strategy Hanover, MA best. The market produces predictable results for that approach at the $838K price point.
You know 02339 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02339 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 02339 ranks in Boston-Cambridge-Newton, MA-NH
Every ZIP in this metro, ranked. Free.
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