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Updated over 3 years ago on . Most recent reply

User Stats

45
Posts
13
Votes
J.C. Martel
  • Investor
  • Lawrence, KS
13
Votes |
45
Posts

STRs in central Massachusetts

J.C. Martel
  • Investor
  • Lawrence, KS
Posted

Curious if anyone has experience with short term rentals in central Massachusetts. I am from Worcester and want to buy a place there or nearby that I can use when I visit a few times a year and rent out short term otherwise. I currently have an LTR in Worcester but the HOA doesn't allow STR.

My issue is that Worcester is not a destination city. There's no beach or mountains or attractive metro area. So at face value, it doesn't seem like it would be a great STR market.

However, it has some decent colleges (WPI, Holy Cross, Clark, Anna Maria, Becker, Worcester State) and has a decent hospital (UMass) that might attract people to STRs. 

Does anyone have perspective to share on STRs in the Worc area? Any realtors who know the investment market in central Mass, particularly STR?

I am from there, so realize that some areas are pretty distressed. Lake Quinsigamond is decent; that’s one area that I’ve been tracking. I’ve also thought of going north to NH, east to the coast, or south to providence. Any advice?

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