Essex, MA is a town with an impressive housing market. The median value of housing in the area is $720,400, which is significantly higher than the US median value of $338,100. Over the past year Essex has seen an increase in its housing appreciation rate at 9.17%, higher than the US's 8.27%. These figures are indicative of a strong and healthy local economy that both encourages new investments and rewards those who already own property similarly.
The median home cost in Essex is $720,400. Home appreciation the last 10 years has been 95.5%. Home Appreciation in Essex is up 13.0%.
Average Age of Homes
- The median age of Essex real estate is 50 years old
The Rental Market in Essex
- Renters make up 27.8% of the Essex population
- 0.0% of houses and apartments in Essex, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.