Home Price Key
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Average
Expensive
These days, finding an affordable place to live in the South Essex area can be challenging. Home prices in South Essex are now at a median cost of $752,900, higher than the Massachusetts average of $477,554.
The average cost of rent is $1,661/mo in South Essex, primarily driven by the current value of real estate in the South Essex area. While nearly 44.29% of residents own their homes outright in South Essex, 24.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Essex is $9,414 per month. Households that rent pay about 17.64% of their income on rent here. South Essex's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Essex, MA: less expensive homes
- Little Neck, MA: equally priced homes
- Gloucester, MA: less expensive 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
- Rockport, MA: less expensive homes
- Wenham, MA: equally priced homes
- Beverly, MA: less expensive homes
Cities with Similar Populations
- Otter Village, IN: less expensive homes
- Piney Grove, GA: less expensive homes
- Peters Prairie, TX: less expensive homes
- Perth, KS: less expensive homes
- Penn, ND: less expensive homes
- Peeples Valley, AZ: less expensive homes
- Parrish, IL: less expensive homes
- Palmyra, NC: less expensive homes
- Owdoms, SC: less expensive homes
- Remmel, AR: less expensive homes
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