Is Devens, MA a good place to invest in rental property?

Devens, MA has a median modeled monthly cash flow of $-3,204 and a median cap rate of 1.6%, on a median sold price of $685,000. Prices changed +7.5% year over year.

What is the average cap rate in Devens, MA?

The median cap rate across recently sold homes in Devens, MA is 1.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Devens, MA?

The median sold price in Devens, MA is $685,000 (about $314 per square foot).

Investing in Devens, MA Real Estate

A data-driven snapshot of the Devens, MA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$685,000Median sold price

$314Median $/sqft

1.6%Median cap rate

$-3,204Modeled cash flow / mo

+7.5%Appreciation YoY

2.2Months of supply

18Active listings

97Sold (last 12 mo)

What the Devens numbers say

In Devens, MA, the median home sold for $685,000 (about $314 per square foot), and the typical deal models out to a 1.6% cap rate with a median $-3,204 of monthly cash flow. Sold prices moved +7.5% over the past year. Inventory sits at about 2.2 months of supply — a tight, seller-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Massachusetts markets to compare

See Devens cash-flowing listings

CashFlowRE ranks every for-sale home in Devens, MA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Devens deals, or browse the national market data.