Real Estate Investing in Orleans, Massachusetts (02653)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02653 (Orleans, 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: 48.9% 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 47.0 — 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 Orleans, MA (02653)?
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Market Analysis: 02653 Orleans
Investors eyeing 02653 need to respect the fundamentals at play. Home values of $1.1M come alongside slower price movement and elevated management overhead.
The 02653 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In practical terms, 02653 offers a low basis, the region around Orleans has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 02653 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 Orleans's stable or hybrid ZIPs before stepping into 02653. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Orleans:
Property Strategy for 02653
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $302,723 | $1,620 | 3.9% | +5.9% | $302,723 |
| 2BR | $600,776 | $2,130 | 2.6% | +8.2% | $300,388 |
| 3BR | $1,070,325 | $2,630 | 1.8% | +9.6% | $356,775 |
| 4BR | $1,524,849 | $3,010 | 1.4% | +10.5% | $381,212 |
| 5BR | $2,286,721 | — | — | +11.0% | $457,344 |
Market Trends
Home Value History (with trend line)
📊 How Does 02653 Compare?
| Metric | 02653 | Orleans | Barnstable Town, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $1,080,713 | $1,080,713 | N/A | $645,115 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 7.0% |
| Avg Rent | $1,917 | $1,917 | N/A | - |
| Cap Rate | 1.4% | 1.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02653 (Orleans, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,080,713 |
| Monthly Rent | $1,917 |
| Price-to-Rent | 47.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.1% |
| Cap Rate | 1.4% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (1.4%). 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 02653
Population: 6,342
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 02653
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 Orleans, MA for real estate investors?
Orleans, MA comes in at an investability rating of 3.0/5, with median home values near $1.1M and average rents around $1,917/mo. That combination puts it in the substantial tier for investor interest.
How quickly do rentals get leased in Orleans, MA?
Occupancy in Orleans, MA runs stable with elevated vacancy. Well-priced units at $1,917/mo lease on reasonable timelines.
What is the renter demographic in Orleans, MA?
Expect a solid tenant pool in Orleans, MA. The rental market absorbs $1,917/mo rents without meaningful friction.
Can I live-in-and-rent in Orleans, MA?
House hacking works a tougher in Orleans, MA. Rents of $1,917/mo against $1.1M acquisition make the strategy solid for owner-occupants.
What do landlords charge for rent in Orleans, MA?
Rental rates in Orleans, MA average $1,917/mo. Tenant demand and $1.1M home values make the yield look reasonable by investor standards.
You know 02653 now. You don’t know where it ranks.
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How 02653 ranks in Barnstable Town, MA
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