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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 $294,211, higher than the Ohio average of $236,816.
The average cost of rent is $876/mo in Essex, primarily driven by the current value of real estate in the Essex area. In Essex, 17.83% of households rent, and 43.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Essex is $7,370 per month. Households that rent pay about 11.88% of their income on rent here. Essex’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Richwood, OH: less expensive homes
- West Jackson, OH: equally priced homes
- Newman, OH: less expensive homes
- Claiborne, OH: less expensive homes
- Green Camp, OH: less expensive homes
- Prospect, OH: less expensive homes
- Summersville, OH: less expensive homes
- New Bloomington, OH: less expensive homes
- La Rue, OH: less expensive homes
- Magnetic Springs, OH: equally priced homes
Cities with Similar Populations
- Pisgah Heights, MI: less expensive homes
- Octavia, NE: less expensive homes
- Old Hopland, CA: higher priced homes
- Olga, MO: less expensive homes
- Ongo, MO: less expensive homes
- Ontario, VA: less expensive homes
- Orcutts, CT: higher priced homes
- Orleans Four Corners, NY: less expensive homes
- Osiris, MO: less expensive homes
- Pampa, VA: higher priced homes
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