Real Estate Investing in Chilmark, Massachusetts (02535)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02535 (Chilmark, MA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 64.0% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 86.2 — 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 Chilmark, MA (02535)?
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Market Analysis: 02535 Chilmark
Not every below-median market is a bargain. Chilmark's 02535 ZIP reflects signals that favor experienced operators who can absorb the risk $2.2M pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 02535 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
From a cash-flow lens, 02535 offers a low basis, the region around Chilmark has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A solid renter share of 12% in 02535 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 02535 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Chilmark:
Property Strategy for 02535
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $1,361,353 | $2,330 | 1.2% | +6.9% | $680,676 |
| 3BR | $1,935,479 | $3,240 | 1.2% | +8.1% | $645,160 |
| 4BR | $2,520,815 | $3,440 | 1.0% | +9.0% | $630,204 |
| 5BR | $3,929,044 | — | — | +9.0% | $785,809 |
Market Trends
Home Value History (with trend line)
📊 How Does 02535 Compare?
| Metric | 02535 | Chilmark | Vineyard Haven, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $2,169,516 | $2,169,516 | N/A | $645,115 |
| 5-Year CAGR | 4.1% | 4.1% | N/A | 7.0% |
| Avg Rent | $2,097 | $2,097 | N/A | - |
| Cap Rate | 0.8% | 0.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02535 (Chilmark, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $2,169,516 |
| Monthly Rent | $2,097 |
| Price-to-Rent | 86.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.2% |
| Cap Rate | 0.8% |
| 5-Year IRR | 4.8% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (0.8%). 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 02535
Population: 2,393
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 02535
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.
Frequently Asked Questions
How strong is Chilmark, MA for real estate investors?
Chilmark, MA rates 3.0/5 for investability. With median values at $2.2M and rents near $2,097/mo, the market offers reasonable fundamentals for rental investors.
What is the smart move for investors in Chilmark, MA?
In Chilmark, MA the solid play is typically careful cash-flow rentals with hands-on management. The combination of $2.2M prices and $2,097/mo rents suits that approach.
How quickly do rentals get leased in Chilmark, MA?
Vacancy risk in Chilmark, MA is elevated. That supports predictable cash flow for typical rental holds.
How much should I expect to pay for a home in Chilmark, MA?
Typical homes in Chilmark, MA go for around $2.2M. The 5-year CAGR of 0.0% stable price movement.
Does a duplex house hack pencil in Chilmark, MA?
For house hackers, Chilmark, MA is a tougher. The $2,097/mo rent on a unit helps defray the mortgage on a $2.2M property.
You know 02535 now. You don’t know where it ranks.
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How 02535 ranks in Vineyard Haven, MA
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