HousingHandbookReference data

U.S. ZIP Code · MA01945

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

Typical home value

$1,045,707[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.9%
5-year / yr
+5.3%
10-year / yr
+5.8%

Relative price

vs U.S.
+268.1%
vs metro
+44.1%
vs state
+70.9%
ZIP 01945 location in MA
Location of ZIP 01945 in MA

Price history

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

The typical home in 01945 is worth $1,045,707 — 44.1% above the Boston-Cambridge-Newton, MA-NH median. Over the past year, values have risen 0.9%. Homes here rent for a typical $2,917 a month — a 3.3% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent
$2,917[2]
Gross yield
3.3%[2]
Cap rate
2.0%[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$7,935[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
20,470[3]
Median household income
$179,583[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
6
Elementary
2
Middle
3
High
1
  • Marblehead High

    High · Grades 9–12 · Marblehead

    874 students

  • Village School

    Middle · Grades 4–6 · Marblehead

    537 students

  • Marblehead Veterans Middle School

    Middle · Grades 7–8 · Marblehead

    443 students

  • Lucretia and Joseph Brown School

    Elementary · Grades PK–3 · Marblehead

    442 students

  • Glover

    Elementary · Grades PK–3 · Marblehead

    321 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 yield3.3%
Net yield (after ~40% expenses)2.0%
Annual rent$35,000

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$5,288
Loan principal$836,565
Down payment$209,141
Total interest paid$1,066,993

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 ratio2.34
Monthly cost to own$6,821
Monthly rent$2,917

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
41st percentile[1]
Rental yield
16th percentile[2]
Property tax
15th percentile[3]

Frequently asked

How much is a home worth in ZIP code 01945?
The typical home in 01945 is worth $1,045,707, based on the Zillow Home Value Index.
Are home values rising in 01945?
Home values in 01945 are up 0.9% over the past year, and up 5.3% a year over five years.
What is the typical rent in 01945?
A typical home in 01945 rents for about $2,917 a month, a gross rental yield of 3.3%.
What is the property tax rate in 01945?
The effective property tax rate in 01945 is 0.8% — roughly $7,935 a year on a typical home.
Who lives in 01945?
ZIP code 01945 has a population of 20,470 and a median household income of $179,583.

#Comparable ZIPs

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

  • Burlington CDP, MA

    Typical home
    $1,047,714
    Gross yield
    3.3%
  • MA

    Typical home
    $1,055,855
    Gross yield
  • Somerville, MA

    Typical home
    $1,059,061
    Gross yield
    4.5%
  • MA

    Typical home
    $1,066,188
    Gross yield
  • Boxford CDP, MA

    Typical home
    $1,072,334
    Gross yield
  • Scituate CDP, MA

    Typical home
    $1,014,204
    Gross yield

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

Compare ZIPs

Pit ZIP 01945 against any other ZIP — full side-by-side table.

Compare 01945

#Jump to section