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These days, finding an affordable place to live in the Ipswich area can be challenging. Home prices in Ipswich are now at a median cost of $755,444, higher than the Massachusetts average of $625,090.
The average cost of rent is $1,662/mo in Ipswich, primarily driven by the current value of real estate in the Ipswich area. In Ipswich, 26.25% of households rent, and 27.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ipswich is $11,292 per month. Households that rent pay about 14.72% of their income on rent here. Ipswich’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Little Neck, MA: higher priced homes
- Rowley, MA: less expensive homes
- South Hamilton, MA: higher priced homes
- Essex, MA: higher priced homes
- South Essex, MA: higher priced homes
- Wenham, MA: higher priced homes
- Topsfield, MA: higher priced homes
- East Boxford, MA: less expensive homes
- Byfield, MA: equally priced homes
- Georgetown, MA: less expensive homes
Cities with Similar Populations
- Globe, AZ: less expensive homes
- St. Peter, MN: less expensive homes
- St. Marys, PA: less expensive homes
- Greenbrier, TN: less expensive homes
- Green River, WY: less expensive homes
- Gray, GA: less expensive homes
- Grantsville, UT: less expensive homes
- Goshen, NY: less expensive homes
- Gold Canyon, AZ: less expensive homes
- Starke, FL: less expensive homes
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