Real Estate Investing in Chatham, Massachusetts (02650)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02650 (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: 44.4% 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 79.5 — 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 (02650)?
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Market Analysis: 02650 Chatham
The 02650 ZIP in Chatham, MA is a local-operator market. Outside capital chasing a $2.1M entry has to pair deep knowledge with the discount.
For an experienced owner, 02650 can be a an appealing option for hunting ground — but the discount at $2.1M reflects genuine risk that outside investors often underestimate.
ZIP 02650'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.
Demographically, 02650 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. notable returns are possible in 02650, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Chatham:
Property Strategy for 02650
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $822,503 | $2,400 | 2.1% | +12.0% | $411,252 |
| 3BR | $1,700,609 | $2,960 | 1.3% | +12.8% | $566,870 |
| 4BR | $2,477,347 | $3,400 | 1.0% | +12.8% | $619,337 |
Market Trends
Home Value History (with trend line)
📊 How Does 02650 Compare?
| Metric | 02650 | Chatham | Barnstable Town, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $2,061,489 | $1,476,976 | N/A | $645,115 |
| 5-Year CAGR | 10.0% | 7.8% | N/A | 7.0% |
| Avg Rent | $2,160 | $2,076 | N/A | - |
| Cap Rate | 0.8% | 1.2% | - | - |
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 02650 (Chatham, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $2,061,489 |
| Monthly Rent | $2,160 |
| Price-to-Rent | 79.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.3% |
| Cap Rate | 0.8% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +10.0% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 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 02650
Population: 1,017
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 02650
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
Monomoy Regional Middle School
Chatham Elementary School
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 do landlord-tenant laws work in Chatham, MA?
For rental operators, Chatham, MA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
How qualified is the tenant pool in Chatham, MA?
Tenant demand in Chatham, MA is solid. The local workforce $2,160/mo rents across most rental classes.
What price range are homes in Chatham, MA?
Chatham, MA home values average about $2.1M. That price point suits investors targeting rentals with $2,160/mo in monthly income.
What does house hacking look like in Chatham, MA?
House hacking in Chatham, MA is a tougher. With home values around $2.1M and rents at $2,160/mo, owner-occupants can offset a meaningful share of PITI.
What investment strategy works best in Chatham, MA?
For Chatham, MA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 02650 now. You don’t know where it ranks.
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How 02650 ranks in Barnstable Town, MA
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