Ipswich, MA 01938 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ipswich, MA—01938

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$860,000

1.6% YoY Growth

Household Income

$124,000

37.4% YoY Growth

Days on Market

93.0% Longer YoY

Home Price Forecast

0.2%

Median Rent

$2,900

3.8% YoY Growth

1-Bed Rent

$2,300

23.8% YoY Growth

2-Bed Rent

$2,800

22.9% YoY Growth

3-Bed Rent

$3,950

5.4% YoY Growth

Home Price Trends — Ipswich, MA

As of May '26, the median home price in Ipswich, MA is $860,000, with a year-over-year change of 1.6%. This indicates that home prices in Ipswich, MA are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$860,000	1.6%
Single Family	$907,000	0.9%
Condos	$599,000	4.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

5.0%

1 Bedroom

47.4%

2 Bedrooms

34.1%

3 Bedrooms

9.0%

4 Bedrooms

3.9%

5+ Bedrooms

0.5%

Property Listings — Ipswich, MA

As of May '26, Realtor.com reports that the median days on market for a home in Ipswich, MA is 34. 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 17.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,080,000	-8.0%
Listing Count	48	24.0%
Listings as % of Homes	0.3%	24.0%
Days on Market	34	93.0%

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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%

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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%

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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%

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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

Ipswich, MA—01938

Key Metrics at a Glance

Home Price Trends — Ipswich, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ipswich, MA

% of Rental Stock

Property Listings — Ipswich, MA

Demographics — Ipswich, MA

Race and Ethnicity

Mortgage and Risk — Ipswich, MA

Mortgages

Rentals and Section 8 — Ipswich, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Ipswich, MA

Home Price to Income Ratio

Ipswich, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Rowley, MA

Hamilton, MA

Essex, MA

Newbury, MA

Wenham, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6
Median Home Price	$860,000
Median Household Income	$124,000

Ipswich, MA—01938

Key Metrics at a Glance

Home Price Trends — Ipswich, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ipswich, MA

% of Rental Stock

Property Listings — Ipswich, MA

Demographics — Ipswich, MA

Race and Ethnicity

Mortgage and Risk — Ipswich, MA

Mortgages

Rentals and Section 8 — Ipswich, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Ipswich, MA

Home Price to Income Ratio

Ipswich, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Rowley, MA

Hamilton, MA

Essex, MA

Newbury, MA

Wenham, MA

Frequently Asked Questions

What is the average home price in Ipswich, MA 01938?

How have home prices in Ipswich, MA 01938 changed over the past year?

What is the home price projection for Ipswich, MA 01938?

What are the demographics of Ipswich, MA 01938?

How long does it take homes to sell in Ipswich, MA 01938?

What is the average rent price in Ipswich, MA 01938?