Ipswich, MA—01938
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ipswich, MA
As of Oct '25, the median home price in Ipswich, MA is $830,000, with a year-over-year change of 1.8%. This indicates that home prices in Ipswich, MA are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $830,000 | 1.8% |
| Single Family | $873,000 | 1.3% |
| Condos | $584,000 | 4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $428,000 | 3.1% |
2 Bed | $641,000 | 2.9% |
3 Bed | $829,000 | 1.3% |
4 Bed | $1,022,000 | 2.4% |
| 5 Bed | $1,205,000 | 2.0% |
% of Housing Stock
Rental Trends — Ipswich, MA
As of July '25, Rentcast reports the average rent in Ipswich, MA is $3,030, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Ipswich, MA is 1-bedrooms: $2,500, 2-bedrooms: $2,790, 3-bedrooms: $3,690. The most common rental property sizes in Ipswich, MA are 1-bedroom and 2-bedroom, accounting for 47.4% and 34.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $3,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,300 | $2,500 |
| 2 Bed Rent | $2,800 | $2,790 |
| 3 Bed Rent | $3,950 | $3,690 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ipswich, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ipswich, MA is 40. This is a increase of 93.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $902,000 | 3.0% |
Listing Count | 29 | 52.0% |
| Listings as % of Homes | 0.3% | 52.0% |
Days on Market | 40 | 93.0% |
Demographics — Ipswich, MA
As of the latest ACS Survey released in 2023, Ipswich, MA has a population of 13,800, which has remained stable by -0.6% over the past 5 years. Ipswich, MA is a moderately popular place for families, as children make up 19.0% of the population. The area has a highly educated workforce, with 57.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,800 | -0.6% |
% Under 18 | 19.0% | -7.8% |
% Seniors | 22.6% | 5.6% |
% WFH | 16.1% | 103.8% |
% w/ College Degree | 57.5% | 7.9% |
As of the latest ACS Survey released in 2023, Ipswich, MA is a predominantly white area, with 91.3% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Ipswich, MA is hispanic, making up 3.1% of the population. Foreign-born residents account for 5.1% of the population in Ipswich, MA, and this percentage has increased by 15.9% 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 | 91.3% | -2.6% |
% Black | 0.7% | -41.7% |
% Hispanic | 3.1% | -11.4% |
% Asian | 2.0% | 150.0% |
% Foreign Born | 5.1% | 15.9% |
Mortgage and Risk — Ipswich, MA
According to HUD data as of 2023, there were 236 mortgage originations in Ipswich, MA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Ipswich, MA. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 236 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Ipswich, MA
Ipswich, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 174 |
Total Units Section 8 | 174 |
% Rentals under Section 8 | 11.0% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $2,300 | $2,140 |
| 2 Bedroom | -$250 | $2,800 | $2,550 |
| 3 Bedroom | -$870 | $3,950 | $3,080 |
| 4 Bedroom | N/A | N/A | $3,390 |
Affordability — Ipswich, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $830,000 |
| Median Household Income | $124,000 |