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

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 $612,040, lower than the Massachusetts average of $625,090.

The average cost of rent is $1,864/mo in Essex County, primarily driven by the current value of real estate in the Essex County area. In Essex County, 36.50% of households rent, and 30.15% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Essex County is $9,575 per month. Households that rent pay about 19.47% of their income on rent here. Essex County’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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