Real Estate Investing in Essex, Massachusetts (01929)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01929 (Essex, MA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.7% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 33.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Essex, MA (01929)?
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Market Analysis: 01929 Essex
The 01929 ZIP covers a section of Essex that demands careful diligence. Prices near $914K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 01929 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 01929 sits on the difficult end of the MA spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 01929 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. robust returns are possible in 01929, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Essex:
Property Strategy for 01929
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $675,089 | $2,560 | 2.7% | +7.7% | $337,545 |
| 3BR | $837,789 | $3,080 | 2.6% | +8.0% | $279,263 |
| 4BR | $1,149,058 | $3,390 | 2.1% | +9.0% | $287,264 |
Market Trends
Home Value History (with trend line)
📊 How Does 01929 Compare?
| Metric | 01929 | Essex | Massachusetts |
|---|---|---|---|
| Home Value | $913,927 | $913,927 | $645,115 |
| 5-Year CAGR | 5.6% | 5.6% | 7.0% |
| Avg Rent | $2,304 | $2,304 | - |
| Cap Rate | 2.0% | 2.0% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01929 (Essex, MA). Anonymous, moderated, never written by AI.
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Property managers serving Essex County
Manage rentals here? List your business →MRS Property Management offers full-service property management and tenant placement for apartments, houses, and commercial rentals across the North Shore area and Southern New Hampshire. summary from their website
CNR Property Management provides expert property management and maintenance solutions. summary from their website
This domain is for sale for $2,295 or monthly payments. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $913,927 |
| Monthly Rent | $2,304 |
| Price-to-Rent | 33.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 01929
Population: 3,605
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 01929
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,301 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in Essex, MA?
Median home price in Essex, MA is near $914K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Is Essex, MA a smart market for rental property?
The 3.0/5 investability rating in Essex, MA reflects its $914K prices and $2,304/mo rents. Investors generally consider it a solid option within MA.
What is the smart move for investors in Essex, MA?
In Essex, MA the durable play is typically careful cash-flow rentals with hands-on management. The combination of $914K prices and $2,304/mo rents suits that approach.
How viable is house hacking in Essex, MA?
House hacking in Essex, MA is a challenging. With home values around $914K and rents at $2,304/mo, owner-occupants can offset a meaningful share of PITI.
How strong is the working-renter base in Essex, MA?
The renter base in Essex, MA is reasonable for the $2,304/mo price point. Screening well and pricing to market typically yields reliable tenants.
You know 01929 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01929 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 01929 ranks in Boston-Cambridge-Newton, MA-NH
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