Real Estate Investing in Lakeville, Massachusetts (02347)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02347 (Lakeville, 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.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lakeville, MA (02347)?
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Market Analysis: 02347 Lakeville
ZIP 02347 in Lakeville, MA carries a notable set of headwinds. Home values near $647K and rents of $2,295/mo sit inside a market where underwriting has to be tight.
Stepping back, the numbers look inviting — $647K purchase price, 0.0% nominal cap — the work to hit that pro forma in 02347 is substantial and deserves full respect.
The gap between 02347 and stronger Lakeville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A resilient renter share of 16% in 02347 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 02347 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Lakeville:
Property Strategy for 02347
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $378,142 | $1,940 | 3.7% | +6.8% | $378,142 |
| 2BR | $472,548 | $2,550 | 3.9% | +7.1% | $236,274 |
| 3BR | $611,046 | $3,190 | 3.8% | +7.2% | $203,682 |
| 4BR | $767,344 | $3,380 | 3.2% | +7.4% | $191,836 |
| 5BR | $890,734 | — | — | +7.8% | $178,147 |
Market Trends
Home Value History (with trend line)
📊 How Does 02347 Compare?
| Metric | 02347 | Lakeville | Massachusetts |
|---|---|---|---|
| Home Value | $646,707 | $646,707 | $645,115 |
| 5-Year CAGR | 5.5% | 5.5% | 7.0% |
| Avg Rent | $2,295 | $2,295 | - |
| 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 02347 (Lakeville, 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 | $646,707 |
| Monthly Rent | $2,295 |
| Price-to-Rent | 23.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 02347
Population: 11,732
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 02347
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 3,416 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do rentals sit vacant long in Lakeville, MA?
Expect elevated vacancy in Lakeville, MA. Rents at $2,295/mo are absorbed by the tenant base without meaningful lag.
Should investors consider Lakeville, MA?
The 3.0/5 investability rating in Lakeville, MA reflects its $647K prices and $2,295/mo rents. Investors generally consider it a solid option within MA.
How expensive is real estate in Lakeville, MA?
Median home price in Lakeville, MA is near $647K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Is Lakeville, MA good for landlords?
For rental operators, Lakeville, MA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
Is Lakeville, MA suited for a house hack?
The a challenging house-hack environment in Lakeville, MA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 02347 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02347 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 02347 ranks in Boston-Cambridge-Newton, MA-NH
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