Real Estate Investing in Bourne, Massachusetts (02559)
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Should you buy in 02559 (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: 41.8% 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 33.7 — 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 Bourne, MA (02559)?
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Market Analysis: 02559 Bourne
This part of Barnstable County is not an easy win. The 02559 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 02559 can be a a solid fit for hunting ground — but the discount at $775K reflects genuine risk that outside investors often underestimate.
Regionally, 02559 sits on the difficult end of the MA spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The 02559 ZIP's population of 2,812 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.
The right play in 02559 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 Bourne:
Market Trends
Home Value History (with trend line)
📊 How Does 02559 Compare?
| Metric | 02559 | Bourne | Barnstable Town, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $774,606 | $721,394 | N/A | $645,115 |
| 5-Year CAGR | 7.0% | 6.1% | N/A | 7.0% |
| Avg Rent | $1,917 | $2,365 | N/A | - |
| Cap Rate | 1.9% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02559 (Bourne, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $774,606 |
| Monthly Rent | $1,917 |
| Price-to-Rent | 33.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (1.9%). 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 02559
Population: 2,812
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
🎓 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
How much should I expect to pay for a home in Bourne, MA?
Expect median prices around $775K in Bourne, MA. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
What do landlords charge for rent in Bourne, MA?
Rent in Bourne, MA is around $1,917/mo. The resulting rent-to-value relationship with $775K pricing is reasonable for most investor models.
How strong is the working-renter base in Bourne, MA?
The renter base in Bourne, MA is reasonable for the $1,917/mo price point. Screening well and pricing to market typically yields measured tenants.
What real estate strategy is ideal for Bourne, MA?
Bourne, MA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($775K prices, $1,917/mo rents) make it a reasonable choice.
Is Bourne, MA suited for a house hack?
The a challenging house-hack environment in Bourne, MA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
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How 02559 ranks in Barnstable Town, MA
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