01930, Gloucester, MA

The 1930 zip code of Gloucester, MA, had a median home value of $5,000. This was a significant decrease from the median home value of $10,000 in 1929. The decrease in home values may have been due to the Great Depression and the resulting economic instability. Additionally, many families were unable to afford to purchase homes during this time period. In fact, only 10% of Gloucester households were able to purchase a home in 1930.

Despite these challenges, some Gloucester residents were able to benefit from the decreased home values. For example, those who were able to sell their homes at a higher price received a larger return on their investment than those who did not sell their homes. Additionally, those who were able to refinance their mortgages during this time period received an even larger return on their investment. Overall, despite the difficult economic conditions in 1930, some residents were able to benefit from increased housing prices and decreased home values.