Essex, MA 01929 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Essex, MA—01929

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$919,000

1.9% YoY Growth

Household Income

$152,000

33.5% YoY Growth

Days on Market

62.0% Shorter YoY

Home Price Forecast

0.3%

Median Rent

$2,950

3.8% YoY Growth

1-Bed Rent

$1,850

8.1% YoY Growth

2-Bed Rent

$2,950

N/A

3-Bed Rent

N/A

Home Price Trends — Essex, MA

As of May '26, the median home price in Essex, MA is $919,000, with a year-over-year change of 1.9%. This indicates that home prices in Essex, MA are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$919,000	1.9%
Single Family	$936,000	1.7%
Condos	$721,000	3.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Essex, MA

As of July '25, Rentcast reports the average rent in Essex, MA is $3,020, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Essex, MA is 1-bedrooms: $1,920, 2-bedrooms: $3,580. The most common rental property sizes in Essex, MA are 1-bedroom and 2-bedroom, accounting for 51.8% and 42.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,950	$3,020
Studio Rent	N/A	N/A
1 Bed Rent	$1,850	$1,920
2 Bed Rent	$2,950	$3,580
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

51.8%

2 Bedrooms

42.3%

3 Bedrooms

5.9%

Property Listings — Essex, MA

As of May '26, Realtor.com reports that the median days on market for a home in Essex, MA is 24. This is a decrease of -62.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$798,000	-37.0%
Listing Count	16	540.0%
Listings as % of Homes	0.2%	540.0%
Days on Market	24	-62.0%

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Demographics — Essex, MA

As of the latest ACS Survey released in 2023, Essex, MA has a population of 3,600, which has decreased by -2.9% over the past 5 years. Essex, MA is a popular place for families, as children make up 25.2% of the population. The area has a highly educated workforce, with 68.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,600	-2.9%
% Under 18	25.2%	5.4%
% Seniors	13.8%	-19.3%
% WFH	20.9%	122.3%
% w/ College Degree	68.5%	15.9%

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As of the latest ACS Survey released in 2023, Essex, MA is a predominantly white area, with 98.0% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Essex, MA is hispanic, making up 0.9% of the population. Foreign-born residents account for 2.9% of the population in Essex, MA, and this percentage has increased by 16.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	98.0%	-0.7%
% Black	0.0%	N/A
% Hispanic	0.9%	80.0%
% Asian	0.0%	N/A
% Foreign Born	2.9%	16.0%

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Mortgage and Risk — Essex, MA

According to HUD data as of 2023, there were 55 mortgage originations in Essex, MA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 43.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Essex, MA. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	55
% Conventional Loans	93.0%
% Government Loans	7.0%
% Investor Loans	5.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Essex, MA

Essex, MA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	4
Total Units Section 8	4
% Rentals under Section 8	1.6%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$290	$1,850	$2,140
2 Bedroom	-$400	$2,950	$2,550
3 Bedroom	N/A	N/A	$3,080
4 Bedroom	N/A	N/A	$3,390

Essex, MA—01929

Key Metrics at a Glance

Home Price Trends — Essex, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Essex, MA

% of Rental Stock

Property Listings — Essex, MA

Demographics — Essex, MA

Race and Ethnicity

Mortgage and Risk — Essex, MA

Mortgages

Rentals and Section 8 — Essex, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Essex, MA

Home Price to Income Ratio

Essex, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Manchester, MA

Ipswich, MA

Hamilton, MA

Gloucester, MA

Prides Crossing

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.1
Median Home Price	$919,000
Median Household Income	$152,000

Essex, MA—01929

Key Metrics at a Glance

Home Price Trends — Essex, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Essex, MA

% of Rental Stock

Property Listings — Essex, MA

Demographics — Essex, MA

Race and Ethnicity

Mortgage and Risk — Essex, MA

Mortgages

Rentals and Section 8 — Essex, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Essex, MA

Home Price to Income Ratio

Essex, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Manchester, MA

Ipswich, MA

Hamilton, MA

Gloucester, MA

Prides Crossing

Frequently Asked Questions

What is the average home price in Essex, MA 01929?

How have home prices in Essex, MA 01929 changed over the past year?

What is the home price projection for Essex, MA 01929?

What are the demographics of Essex, MA 01929?

How long does it take homes to sell in Essex, MA 01929?

What is the average rent price in Essex, MA 01929?