The Most Affordable Neighborhoods in Essex County, MA by Home Value

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These days, finding an affordable place to live in the Essex County area can be challenging. Home prices in Essex County are now at a median cost of $481,350, higher than the Massachusetts average of $477,554.

The average cost of rent is $1,500/mo in Essex County, primarily driven by the current value of real estate in the Essex County area. While nearly 29.37% of residents own their homes outright in Essex County, 31.13% rent.

Housing affordability isn’t just about home prices, though. The average household income in Essex County is $8,732 per month. Households that rent pay about 17.18% of their income on rent here. Essex County's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the county.

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