Real Estate Investing in Bourne, Massachusetts (02532)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02532 (Bourne, 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.
- High vacancy: 18.6% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Bourne, MA (02532)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02532 Bourne
This part of Barnstable County is not an easy win. The 02532 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $654K asset, 02532 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 02532's metrics run below Barnstable County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 02532 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Bourne's stable or hybrid ZIPs before stepping into 02532. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Bourne:
Property Strategy for 02532
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $335,292 | $2,160 | 4.6% | +9.8% | $335,292 |
| 2BR | $517,957 | $2,560 | 3.6% | +8.2% | $258,978 |
| 3BR | $640,417 | $3,080 | 3.5% | +8.9% | $213,472 |
| 4BR | $801,495 | $3,390 | 3.0% | +9.0% | $200,374 |
| 5BR | $1,249,468 | — | — | +9.5% | $249,894 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02532 Compare?
| Metric | 02532 | Bourne | Barnstable Town, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $654,196 | $721,394 | N/A | $645,115 |
| 5-Year CAGR | 5.8% | 6.1% | N/A | 7.0% |
| Avg Rent | $3,000 | $2,365 | N/A | - |
| Cap Rate | 3.6% | 2.6% | - | - |
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 02532 (Bourne, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $654,196 |
| Monthly Rent | $3,000 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (3.6%). 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 02532
Population: 13,180
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 02532
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 592 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in Bourne, MA?
Rental rates in Bourne, MA average $3,000/mo. Tenant demand and $654K home values make the yield look reasonable by investor standards.
Is the tenant base reliable in Bourne, MA?
The renter base in Bourne, MA is reasonable for the $3,000/mo price point. Screening well and pricing to market typically yields measured tenants.
How much should I expect to pay for a home in Bourne, MA?
Typical homes in Bourne, MA go for around $654K. The 5-year CAGR of 0.0% even-keeled price movement.
How strict are landlord regulations in Bourne, MA?
Bourne, MA operates under MA law, which is tenant-protective overall for landlords. Expect stable treatment in typical lease and eviction cases.
How quickly do rentals get leased in Bourne, MA?
Vacancy risk in Bourne, MA is elevated. That supports stable cash flow for typical rental holds.
You know 02532 now. You don’t know where it ranks.
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How 02532 ranks in Barnstable Town, MA
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