Real Estate Investing in Newton, Massachusetts (02462)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02462 (Newton, 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.
- High price-to-rent: Price-to-rent ratio 38.3 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Newton, MA (02462)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02462 Newton
ZIP 02462 inside Middlesex County looks affordable on the surface — median value of $1.4M — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 02462 can be a an appealing option for hunting ground — but the discount at $1.4M reflects genuine risk that outside investors often underestimate.
On the rental side, 02462 offers a low basis, the region around Newton has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 02462 ZIP's population of 1,459 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Newton:
Property Strategy for 02462
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $1,193,013 | $3,920 | 2.4% | +7.5% | $397,671 |
| 4BR | $1,548,569 | $4,330 | 2.0% | +7.6% | $387,142 |
Market Trends
Home Value History (with trend line)
📊 How Does 02462 Compare?
| Metric | 02462 | Newton | Massachusetts |
|---|---|---|---|
| Home Value | $1,353,982 | $1,491,074 | $645,115 |
| 5-Year CAGR | 7.2% | 5.8% | 7.0% |
| Avg Rent | $2,943 | $3,765 | - |
| Cap Rate | 1.7% | 2.0% | - |
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 02462 (Newton, MA). Anonymous, moderated, never written by AI.
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Property managers serving Middlesex County
Manage rentals here? List your business →Green Ocean Property Management offers investment property management and condo association management services in Boston and surrounding areas like Allston, Brighton, Cambridge, and Quincy. summary from their website
McDonough Property Management offers full-service property management and HOA management in the Greater Boston Area, covering maintenance, inspections, legal compliance, and communication. summary from their website
New England Property Management & Maintenance offers property management for multi/single-family homes, apartments, rental properties, and condo associations in Brookline, MA and Cambridge, MA. 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 | $1,353,982 |
| Monthly Rent | $2,943 |
| Price-to-Rent | 38.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (1.7%). 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 02462
Population: 1,459
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 02462
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
A E Angier
C C Burr
Countryside
Franklin
Henry Whittemore 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 1,640 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Newton, MA?
Newton, MA home values average about $1.4M. That price point suits investors targeting rentals with $2,943/mo in monthly income.
Is it easy to find good tenants in Newton, MA?
The renter base in Newton, MA is reasonable for the $2,943/mo price point. Screening well and pricing to market typically yields measured tenants.
What do landlords charge for rent in Newton, MA?
Rent in Newton, MA is around $2,943/mo. The resulting rent-to-value relationship with $1.4M pricing is reasonable for most investor models.
Is house hacking profitable in Newton, MA?
House hacking in Newton, MA is reasonable to execute. Prices around $1.4M and rents of $2,943/mo solid owner-occupant economics.
Does Newton, MA favor landlords or tenants?
Rental owners in Newton, MA deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
You know 02462 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02462 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 02462 ranks in Boston-Cambridge-Newton, MA-NH
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