Real Estate Investing in Freetown, Massachusetts (02702)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02702 (Freetown, MA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 26.1 — 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 Freetown, MA (02702)?
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Market Analysis: 02702 Freetown
The 02702 ZIP in Freetown, MA is a local-operator market. Outside capital chasing a $598K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 02702 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 02702 and stronger Freetown ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 02702 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 02702 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Freetown:
Property Strategy for 02702
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $470,207 | $2,120 | 3.2% | +7.9% | $235,103 |
| 3BR | $570,041 | $2,540 | 3.2% | +7.8% | $190,014 |
| 4BR | $668,949 | $3,180 | 3.4% | +7.3% | $167,237 |
Market Trends
Home Value History (with trend line)
📊 How Does 02702 Compare?
| Metric | 02702 | Freetown | Massachusetts |
|---|---|---|---|
| Home Value | $598,167 | $606,116 | $645,115 |
| 5-Year CAGR | 5.8% | 5.8% | 7.0% |
| Avg Rent | $1,908 | $2,012 | - |
| Cap Rate | 2.5% | 2.6% | - |
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 02702 (Freetown, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $598,167 |
| Monthly Rent | $1,908 |
| Price-to-Rent | 26.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (2.5%). 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 02702
Population: 4,445
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 3,250 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are tenants stable in Freetown, MA?
Expect a solid tenant pool in Freetown, MA. The rental market absorbs $1,908/mo rents without meaningful friction.
Is Freetown in MA worth investing in?
Freetown, MA rates 3.0/5 for investability. With median values at $598K and rents near $1,908/mo, the market offers reasonable fundamentals for rental investors.
Do rentals sit vacant long in Freetown, MA?
Freetown, MA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What type of investing works in Freetown, MA?
In Freetown, MA the notable play is typically careful cash-flow rentals with hands-on management. The combination of $598K prices and $1,908/mo rents suits that approach.
Is housing expensive in Freetown, MA?
Typical homes in Freetown, MA go for around $598K. The 5-year CAGR of 0.0% predictable price movement.
You know 02702 now. You don’t know where it ranks.
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How 02702 ranks in Providence-Warwick, RI-MA
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