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Affordable
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These days, finding an affordable place to live in the 01602 area can be challenging. Home prices in 01602 are now at a median cost of $423,974, lower than the Massachusetts average of $625,090.
The average cost of rent is $1,667/mo in 01602, primarily driven by the current value of real estate in the 01602 area. In 01602, 36.05% of households rent, and 28.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 01602 is $8,679 per month. Households that rent pay about 19.21% of their income on rent here. 01602’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 01609, MA: equally priced homes
- 01603, MA: less expensive homes
- 01608, MA: less expensive homes
- 01610, MA: less expensive homes
- 01611, MA: less expensive homes
- 01605, MA: equally priced homes
- 01607, MA: less expensive homes
- 01604, MA: less expensive homes
- 01606, MA: less expensive homes
- 01655, MA: less expensive homes
Zip Codes with Similar Populations
- 46725, IN: less expensive homes
- 43140, OH: less expensive homes
- 36582, AL: less expensive homes
- 98520, WA: less expensive homes
- 06042, CT: less expensive homes
- 85268, AZ: higher priced homes
- 77550, TX: less expensive homes
- 17036, PA: less expensive homes
- 21601, MD: equally priced homes
- 16506, PA: less expensive homes
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