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 $658,030, higher than the Massachusetts average of $477,554.
The average cost of rent is $1,491/mo in Essex, primarily driven by the current value of real estate in the Essex area. While nearly 34.22% of residents own their homes outright in Essex, 20.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in Essex is $9,887 per month. Households that rent pay about 15.08% of their income on rent here. Essex's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- South Essex, MA: higher priced homes
- Little Neck, MA: equally priced homes
- Manchester, MA: higher priced homes
- Manchester-By-The-Sea, MA: higher priced homes
- South Hamilton, MA: equally priced homes
- Ipswich, MA: less expensive homes
- Wenham, MA: equally priced homes
- Gloucester, MA: less expensive homes
- Beverly, MA: less expensive homes
- Rowley, MA: less expensive homes
Cities with Similar Populations
- Burnham, IL: less expensive homes
- Carrollton, MO: less expensive homes
- Carroll, OH: less expensive homes
- Carbondale, CA: less expensive homes
- Micanopy, FL: less expensive homes
- Minocqua, WI: less expensive homes
- Mohawk, NY: less expensive homes
- Monroe, IA: less expensive homes
- Montauk, NY: higher priced homes
- Marion, NY: less expensive homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood