HousingHandbookReference data

U.S. ZIP Code · MA01951

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

Typical home value

$993,556[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.2%
5-year / yr
+7.5%
10-year / yr
+7.3%

Relative price

vs U.S.
+249.8%
vs metro
+36.9%
vs state
+62.4%
ZIP 01951 location in MA
Location of ZIP 01951 in MA

Price history

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

The typical home in 01951 is worth $993,556 — 36.9% above the Boston-Cambridge-Newton, MA-NH median. Over the past year, values have risen 3.2%. 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]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$7,933[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
3,327[3]
Median household income
$182,684[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
1
Elementary
1
Middle
0
High
0
  • Newbury Elementary

    Elementary · Grades PK–6 · Triton

    426 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 yield
Net yield (after ~40% expenses)
Annual rent

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$5,024
Loan principal$794,845
Down payment$198,711
Total interest paid$1,013,781

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 ratio
Monthly cost to own$6,514
Monthly rent

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
89th percentile[1]
Rental yield
[2]
Property tax
20th percentile[3]

Frequently asked

How much is a home worth in ZIP code 01951?
The typical home in 01951 is worth $993,556, based on the Zillow Home Value Index.
Are home values rising in 01951?
Home values in 01951 are up 3.2% over the past year, and up 7.5% a year over five years.
What is the property tax rate in 01951?
The effective property tax rate in 01951 is 0.8% — roughly $7,933 a year on a typical home.
Who lives in 01951?
ZIP code 01951 has a population of 3,327 and a median household income of $182,684.

#Comparable ZIPs

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

  • Cambridge, MA

    Typical home
    $999,980
    Gross yield
    4.7%
  • Andover CDP, MA

    Typical home
    $1,000,994
    Gross yield
    3.2%
  • Boston, MA

    Typical home
    $978,718
    Gross yield
    4.6%
  • Hopkinton CDP, MA

    Typical home
    $974,774
    Gross yield
    3.5%
  • Boston, MA

    Typical home
    $1,014,128
    Gross yield
    4.0%
  • Scituate CDP, MA

    Typical home
    $1,014,204
    Gross yield

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