01929, Essex, MA

The 1929 zip code of Essex, MA, includes a population of approximately 10,000 people. The median home value in this zip code is $5,000, which is lower than the Massachusetts median home value of $371,500. The percentage of homes in this zip code that are owner-occupied is lower than the Massachusetts percentage of owner-occupied homes at 66%. Additionally, the percentage of homes in this zip code that are rented is higher than the Massachusetts percentage of rented homes at 31%.

There are a number of factors that could contribute to why the home equity and home prices in this particular zip code are lower than those in other parts of Massachusetts. For example, Essex may be located in a less desirable part of town or it may have fewer jobs and businesses available for residents to support a higher home value. Additionally, there may be more foreclosures and short sales available in Essex than elsewhere in Massachusetts due to its high rate of unemployment.