How much is a home worth in ZIP code 01845?

The typical home in 01845 is worth $814,162, based on the Zillow Home Value Index.

Are home values rising in 01845?

Home values in 01845 are up 1.6% over the past year, and up 5.4% a year over five years.

What is the typical rent in 01845?

A typical home in 01845 rents for about $2,723 a month, a gross rental yield of 4.0%.

What is the property tax rate in 01845?

The effective property tax rate in 01845 is 1.1% — roughly $8,982 a year on a typical home.

ZIP code 01845 has a population of 32,494 and a median household income of $140,670.

HousingHandbookReference data

…

U.S. ZIP Code · MA01845

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

Typical home value

$814,162^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.6%
5-year / yr: +5.4%
10-year / yr: +5.8%

Relative price

vs U.S.: +186.6%
vs metro: +12.2%
vs state: +33.1%

Price history

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

The typical home in 01845 is worth $814,162 — 12.2% above the Boston-Cambridge-Newton, MA-NH median. Over the past year, values have risen 1.6%. Homes here rent for a typical $2,723 a month — a 4.0% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent: $2,723^[2]
Gross yield: 4.0%^[2]
Cap rate: 2.4%^[2]

#Property tax

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

Effective tax rate: 1.1%^[3]
Typical annual tax: $8,982^[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: 32,494^[3]
Median household income: $140,670^[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: 8
Elementary: 6
Middle: 1
High: 1

North Andover High
High · Grades 9–12 · North Andover
1,380 students
North Andover Middle
Middle · Grades 6–8 · North Andover
1,017 students
Annie L Sargent School
Elementary · Grades 1–5 · North Andover
468 students
Anne Bradstreet Early Childhood Center
Elementary · Grades PK–K · North Andover
413 students
Franklin
Elementary · Grades 1–5 · North Andover
380 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 yield4.0%

Net yield (after ~40% expenses)2.4%

Annual rent$32,670

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$4,117

Loan principal$651,329

Down payment$162,832

Total interest paid$830,735

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 ratio2.04

Monthly cost to own$5,542

Monthly rent$2,723

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: 43rd percentile^[1]
Rental yield: 30th percentile^[2]
Property tax: 54th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 01845?: The typical home in 01845 is worth $814,162, based on the Zillow Home Value Index.
Are home values rising in 01845?: Home values in 01845 are up 1.6% over the past year, and up 5.4% a year over five years.
What is the typical rent in 01845?: A typical home in 01845 rents for about $2,723 a month, a gross rental yield of 4.0%.
What is the property tax rate in 01845?: The effective property tax rate in 01845 is 1.1% — roughly $8,982 a year on a typical home.
Who lives in 01845?: ZIP code 01845 has a population of 32,494 and a median household income of $140,670.

#Comparable ZIPs

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

01827 vs 01845 →
MA
Typical home
$813,524
Gross yield
—
02032 vs 01845 →
MA
Typical home
$811,963
Gross yield
—
02180
Stoneham CDP, MA
Typical home
$817,553
Gross yield
4.7%
03801
Portsmouth, NH
Typical home
$810,572
Gross yield
4.1%
02130
Boston, MA
Typical home
$818,312
Gross yield
5.0%
02451
Waltham, MA
Typical home
$819,176
Gross yield
4.8%

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Pit ZIP 01845 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MA01845

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