Essex, MA—01929
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Essex, MA
As of Oct '25, the median home price in Essex, MA is $883,000, with a year-over-year change of 2.9%. This indicates that home prices in Essex, MA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $883,000 | 2.9% |
| Single Family | $897,000 | 2.5% |
| Condos | $707,000 | 5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $675,000 | 1.5% |
3 Bed | $838,000 | 2.2% |
4 Bed | $1,149,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Essex, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Essex, MA is 44. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,570,000 | -35.0% |
Listing Count | 8 | 16.0% |
| Listings as % of Homes | 0.2% | 16.0% |
Days on Market | 44 | 12.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Essex, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $883,000 |
| Median Household Income | $152,000 |