Real Estate Investing in Chatham, Massachusetts (02659)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02659 (Chatham, 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: 57.0% 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 44.1 — 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 (02659)?
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Market Analysis: 02659 Chatham
The 02659 ZIP in Chatham, MA is a local-operator market. Outside capital chasing a $1.0M entry has to pair deep knowledge with the discount.
Rent of $1,908/mo on a $1.0M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 02659 sits below the stated 0.0% once reality is priced in.
In the broader MA picture, 02659 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 02659 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. substantial returns are possible in 02659, 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 02659
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $693,542 | $2,120 | 2.2% | +9.4% | $346,771 |
| 3BR | $1,004,373 | $2,600 | 1.9% | +9.3% | $334,791 |
| 4BR | $1,254,514 | $2,980 | 1.7% | +10.6% | $313,629 |
Market Trends
Home Value History (with trend line)
📊 How Does 02659 Compare?
| Metric | 02659 | Chatham | Barnstable Town, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $1,008,832 | $1,476,976 | N/A | $645,115 |
| 5-Year CAGR | 6.2% | 7.8% | N/A | 7.0% |
| Avg Rent | $1,908 | $2,076 | N/A | - |
| Cap Rate | 1.5% | 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 02659 (Chatham, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,008,832 |
| Monthly Rent | $1,908 |
| Price-to-Rent | 44.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.3% |
| Cap Rate | 1.5% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (1.5%). 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 02659
Population: 1,090
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 02659
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Cape Cod Region Vocational Technical
Harwich Elementary School
Monomoy Regional High School
Monomoy Regional Middle School
Cape Cod Lighthouse Charter 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
What is the typical rental rate in Chatham, MA?
Average rent in Chatham, MA is approximately $1,908/mo per month. Against $1.0M home values that yields a reasonable rent-to-price ratio.
How expensive is real estate in Chatham, MA?
Chatham, MA median home values land near $1.0M. That is reasonable territory for investors looking at $1,908/mo-per-month rentals.
Is Chatham in MA worth investing in?
Yes - Chatham, MA a 3.0/5 investability score. With $1.0M home prices against $1,908/mo monthly rent, the market delivers a reasonable entry point for new investors.
How landlord-friendly is Chatham, MA?
Rental owners in Chatham, MA deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
What is the typical vacancy rate in Chatham, MA?
Chatham, MA sees elevated vacancy, which is reasonable relative to the broader MA rental market.
You know 02659 now. You don’t know where it ranks.
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How 02659 ranks in Barnstable Town, MA
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