How much is a home worth in ZIP code 01844?

The typical home in 01844 is worth $624,151, based on the Zillow Home Value Index.

Are home values rising in 01844?

Home values in 01844 are up 2.5% over the past year, and up 6.0% a year over five years.

What is the typical rent in 01844?

A typical home in 01844 rents for about $2,512 a month, a gross rental yield of 4.8%.

What is the property tax rate in 01844?

The effective property tax rate in 01844 is 1.0% — roughly $6,102 a year on a typical home.

ZIP code 01844 has a population of 53,420 and a median household income of $113,212.

HousingHandbookReference data

…

U.S. ZIP Code · MA01844

Essex County · Boston-Cambridge-Newton, MA-NH

Typical home value

$624,151^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.5%
5-year / yr: +6.0%
10-year / yr: +7.1%

Relative price

vs U.S.: +119.7%
vs metro: -14.0%
vs state: +2.0%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 01844 is worth $624,151 — 14.0% below the Boston-Cambridge-Newton, MA-NH median. Over the past year, values have risen 2.5%. Homes here rent for a typical $2,512 a month — a 4.8% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,512^[2]
Gross yield: 4.8%^[2]
Cap rate: 2.9%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.0%^[3]
Typical annual tax: $6,102^[3]

#Climate risk

FEMA National Risk Index ratings for Essex County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Very High
Wildfire: Very Low
Drought: Relatively Moderate
Heat wave: Relatively Moderate
Hurricane: Relatively High
Tornado: Relatively High
Earthquake: Relatively Moderate
Winter weather: Relatively Low

#Who lives here

Population: 53,420^[3]
Median household income: $113,212^[3]

#Migration

Household moves in and out of Essex County over a year, from IRS tax-return data.

Net migration: -1,940^[5]
Moved in: 16,251
Moved out: 18,191

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 4
Middle: 0
High: 1

Methuen High
High · Grades 9–12 · Methuen
1,898 students
Tenney Grammar School
Elementary · Grades K–8 · Methuen
1,264 students
Donald P Timony Grammar
Elementary · Grades K–8 · Methuen
1,148 students
Marsh Grammar School
Elementary · Grades K–8 · Methuen
1,046 students
Comprehensive Grammar School
Elementary · Grades K–8 · Methuen
1,033 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.8%

Net yield (after ~40% expenses)2.9%

Annual rent$30,141

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,156

Loan principal$499,321

Down payment$124,830

Total interest paid$636,856

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.67

Monthly cost to own$4,186

Monthly rent$2,512

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 63rd percentile^[1]
Rental yield: 63rd percentile^[2]
Property tax: 38th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

10th for most populous in MAView list →

Frequently asked

How much is a home worth in ZIP code 01844?: The typical home in 01844 is worth $624,151, based on the Zillow Home Value Index.
Are home values rising in 01844?: Home values in 01844 are up 2.5% over the past year, and up 6.0% a year over five years.
What is the typical rent in 01844?: A typical home in 01844 rents for about $2,512 a month, a gross rental yield of 4.8%.
What is the property tax rate in 01844?: The effective property tax rate in 01844 is 1.0% — roughly $6,102 a year on a typical home.
Who lives in 01844?: ZIP code 01844 has a population of 53,420 and a median household income of $113,212.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

03842 vs 01844 →
Hampton CDP, NH
Typical home
$624,493
Gross yield
3.9%
01913 vs 01844 →
Amesbury Town, MA
Typical home
$624,917
Gross yield
5.0%
02188
Weymouth Town, MA
Typical home
$621,780
Gross yield
4.6%
01749
Hudson CDP, MA
Typical home
$621,266
Gross yield
4.8%
03290
NH
Typical home
$621,022
Gross yield
—
02151
Revere, MA
Typical home
$619,460
Gross yield
5.3%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 01844 against any other ZIP — full side-by-side table.

Compare 01844 →

#Jump to section

U.S. ZIP Code · MA01844

Get more data on ZIPs like this

Get more data on ZIPs like this