HousingHandbookReference data

U.S. ZIP Code · MA01923

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

Typical home value

$734,090[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.9%
5-year / yr
+4.7%
10-year / yr
+6.0%

Relative price

vs U.S.
+158.4%
vs metro
+1.1%
vs state
+20.0%
ZIP 01923 location in MA
Location of ZIP 01923 in MA

Price history

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

The typical home in 01923 is worth $734,090 — 1.1% above the Boston-Cambridge-Newton, MA-NH median. Over the past year, values have risen 1.9%. Homes here rent for a typical $2,805 a month — a 4.6% 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
$2,805[2]
Gross yield
4.6%[2]
Cap rate
2.8%[2]

#Property tax

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

Effective tax rate
1.0%[3]
Typical annual tax
$7,647[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
27,991[3]
Median household income
$125,395[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
7
Elementary
5
Middle
1
High
1
  • Danvers High

    High · Grades 9–12 · Danvers

    798 students

  • Holten Richmond Middle School

    Middle · Grades 6–8 · Danvers

    741 students

  • Highlands

    Elementary · Grades K–5 · Danvers

    380 students

  • Ivan G Smith

    Elementary · Grades K–5 · Danvers

    369 students

  • Willis E Thorpe

    Elementary · Grades PK–5 · Danvers

    347 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.

Gross yield4.6%
Net yield (after ~40% expenses)2.8%
Annual rent$33,655

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.

Monthly payment$3,712
Loan principal$587,272
Down payment$146,818
Total interest paid$749,033

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.

Own : rent ratio1.77
Monthly cost to own$4,960
Monthly rent$2,805

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
27th percentile[1]
Rental yield
50th percentile[2]
Property tax
47th percentile[3]

Frequently asked

How much is a home worth in ZIP code 01923?
The typical home in 01923 is worth $734,090, based on the Zillow Home Value Index.
Are home values rising in 01923?
Home values in 01923 are up 1.9% over the past year, and up 4.7% a year over five years.
What is the typical rent in 01923?
A typical home in 01923 rents for about $2,805 a month, a gross rental yield of 4.6%.
What is the property tax rate in 01923?
The effective property tax rate in 01923 is 1.0% — roughly $7,647 a year on a typical home.
Who lives in 01923?
ZIP code 01923 has a population of 27,991 and a median household income of $125,395.

#Comparable ZIPs

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

  • Norwood CDP, MA

    Typical home
    $738,273
    Gross yield
    4.3%
  • Braintree Town, MA

    Typical home
    $738,998
    Gross yield
    5.0%
  • MA

    Typical home
    $728,464
    Gross yield
    4.5%
  • Boston, MA

    Typical home
    $727,266
    Gross yield
    4.9%
  • MA

    Typical home
    $724,497
    Gross yield
  • Lowell, MA

    Typical home
    $723,233
    Gross yield
    4.2%

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