Affordable
Expensive
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These days, finding an affordable place to live in the East Gloucester area can be challenging. Home prices in East Gloucester are now at a median cost of $603,963, higher than the Gloucester average of $589,751.
The average cost of rent is $1,298/mo in East Gloucester, primarily driven by the current value of real estate in the East Gloucester area. In East Gloucester, 36.69% of households rent, and 27.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in East Gloucester is $7,920 per month. Households that rent pay about 16.39% of their income on rent here. East Gloucester’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
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- Prattville, Chelsea, MA: equally priced homes
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- Bryant Terrace, Malden, MA: equally priced homes
- Nobility Hill Historic District, Stoneham, MA: equally priced homes
- East Boston, Boston, MA: higher priced homes
- Day Square, Boston, MA: equally priced homes
- Frye Circle, Andover, MA: equally priced homes
Neighborhoods with Similar Populations
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