Real Estate Investing in Chatham, Massachusetts (02633)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02633 (Chatham, 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: 57.9% 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 52.5 — 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 Chatham, MA (02633)?
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Market Analysis: 02633 Chatham
The 02633 ZIP in Chatham, MA is a local-operator market. Outside capital chasing a $1.4M entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 02633 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 02633'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.
The 02633 ZIP's population of 4,536 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Strategy in 02633 is an operator game, not a passive one. Stepping back, entry prices of $1.4M are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Chatham:
Property Strategy for 02633
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $409,251 | $1,830 | 3.2% | +6.9% | $409,251 |
| 2BR | $821,011 | $2,400 | 2.1% | +9.6% | $410,505 |
| 3BR | $1,220,568 | $2,960 | 1.7% | +11.1% | $406,856 |
| 4BR | $1,982,960 | $3,400 | 1.2% | +11.7% | $495,740 |
| 5BR | $3,526,455 | — | — | +11.5% | $705,291 |
Market Trends
Home Value History (with trend line)
📊 How Does 02633 Compare?
| Metric | 02633 | Chatham | Barnstable Town, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $1,360,608 | $1,476,976 | N/A | $645,115 |
| 5-Year CAGR | 7.2% | 7.8% | N/A | 7.0% |
| Avg Rent | $2,160 | $2,076 | N/A | - |
| Cap Rate | 1.2% | 1.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02633 (Chatham, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,360,608 |
| Monthly Rent | $2,160 |
| Price-to-Rent | 52.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.9% |
| Cap Rate | 1.2% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (1.2%). 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 02633
Population: 4,536
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 02633
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
What are home prices like in Chatham, MA?
Typical homes in Chatham, MA go for around $1.4M. The 5-year CAGR of 0.0% even-keeled price movement.
Is the tenant base reliable in Chatham, MA?
Chatham, MA draws a reliable base of working renters. Demand at the $2,160/mo rent level is reasonable for standard single-family and small multi rentals.
Should investors consider Chatham, MA?
Investors tracking Chatham, MA will find a 3.0/5 rating supported by $1.4M median home values and $2,160/mo rents. That profile suits long-term holders targeting stable returns.
Is Chatham, MA better for rentals, flips, or BRRRR?
Investors usually favor careful cash-flow rentals with hands-on management in Chatham, MA. With home values at $1.4M and rents near $2,160/mo, other strategies can work but produce reliable rather than outsized returns.
How viable is house hacking in Chatham, MA?
House hacking works a tougher in Chatham, MA. Rents of $2,160/mo against $1.4M acquisition make the strategy solid for owner-occupants.
You know 02633 now. You don’t know where it ranks.
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How 02633 ranks in Barnstable Town, MA
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