Real Estate Investing in Halifax, Massachusetts (02338)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02338 (Halifax, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Halifax, MA (02338)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02338 Halifax
Turning to rents, ZIP 02338 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $579K median. It rewards specialists, not generalists.
The investment case in 02338 is robust only for operators who understand what they are buying. A $579K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within MA, ZIP 02338 trails on several market indicators that neighboring Plymouth County submarkets outperform. The gap is real and durable enough to shape underwriting.
A durable renter share of 5% in 02338 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 02338 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 Halifax:
Property Strategy for 02338
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $377,722 | $2,560 | 4.9% | +6.5% | $188,861 |
| 3BR | $575,056 | $3,080 | 3.9% | +6.8% | $191,685 |
| 4BR | $706,198 | $3,390 | 3.5% | +7.3% | $176,550 |
Market Trends
Home Value History (with trend line)
📊 How Does 02338 Compare?
| Metric | 02338 | Halifax | Massachusetts |
|---|---|---|---|
| Home Value | $578,822 | $578,822 | $645,115 |
| 5-Year CAGR | 5.0% | 5.0% | 7.0% |
| Avg Rent | $2,304 | $2,304 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 02338 (Halifax, 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 | $578,822 |
| Monthly Rent | $2,304 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.1%). 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 02338
Population: 7,734
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 02338
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 1,870 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Halifax, MA rate as a rental market?
With a 3.0/5 investability score, Halifax, MA ranks as a solid market for rental property investors. Median prices of $579K and rents of $2,304/mo drive the underlying numbers.
What type of investing works in Halifax, MA?
The best-fit strategy in Halifax, MA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Do landlords face vacancy issues in Halifax, MA?
Vacancy risk in Halifax, MA is elevated. That supports reliable cash flow for typical rental holds.
How viable is house hacking in Halifax, MA?
The a challenging house-hack environment in Halifax, MA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What do rentals go for in Halifax, MA?
The typical rental in Halifax, MA commands about $2,304/mo monthly. That rent profile stable cash flow against the $579K purchase basis.
You know 02338 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02338 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 02338 ranks in Boston-Cambridge-Newton, MA-NH
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