Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Essex area can be challenging. Home prices in Essex are now at a median cost of $110,988, lower than the California average of $648,235.
The average cost of rent is $700/mo in Essex, primarily driven by the current value of real estate in the Essex area. While nearly 46.89% of residents own their homes outright in Essex, 60.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in Essex is $3,885 per month. Households that rent pay about 18.03% of their income on rent here. Essex's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
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Cities with Similar Populations
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- Elmer, PA: higher priced homes
- Elkol, WY: higher priced homes
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