How much is a home worth in ZIP code 01960?

The typical home in 01960 is worth $699,421, based on the Zillow Home Value Index.

Are home values rising in 01960?

Home values in 01960 are up 0.8% over the past year, and up 4.3% a year over five years.

What is the typical rent in 01960?

A typical home in 01960 rents for about $2,787 a month, a gross rental yield of 4.8%.

What is the property tax rate in 01960?

The effective property tax rate in 01960 is 0.8% — roughly $5,486 a year on a typical home.

ZIP code 01960 has a population of 54,474 and a median household income of $96,501.

HousingHandbookReference data

…

U.S. ZIP Code · MA01960

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

Typical home value

$699,421^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.8%
5-year / yr: +4.3%
10-year / yr: +6.1%

Relative price

vs U.S.: +146.2%
vs metro: -3.6%
vs state: +14.3%

Price history

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

The typical home in 01960 is worth $699,421 — 3.6% below the Boston-Cambridge-Newton, MA-NH median. Over the past year, values have risen 0.8%. Homes here rent for a typical $2,787 a month — a 4.8% 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: $2,787^[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: 0.8%^[3]
Typical annual tax: $5,486^[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: 54,474^[3]
Median household income: $96,501^[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: 11
Elementary: 8
Middle: 1
High: 1

Peabody Veterans Memorial High
High · Grades 9–12 · Peabody
1,420 students
J Henry Higgins Middle
Middle · Grades 6–8 · Peabody
1,283 students
Thomas Carroll
Elementary · Grades PK–5 · Peabody
579 students
South Memorial
Elementary · Grades PK–5 · Peabody
474 students
John E. McCarthy
Elementary · Grades PK–5 · Peabody
384 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$33,445

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$3,537

Loan principal$559,537

Down payment$139,884

Total interest paid$713,659

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 ratio1.64

Monthly cost to own$4,574

Monthly rent$2,787

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: 21st percentile^[1]
Rental yield: 59th percentile^[2]
Property tax: 18th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

8th for most populous in MAView list →

Frequently asked

How much is a home worth in ZIP code 01960?: The typical home in 01960 is worth $699,421, based on the Zillow Home Value Index.
Are home values rising in 01960?: Home values in 01960 are up 0.8% over the past year, and up 4.3% a year over five years.
What is the typical rent in 01960?: A typical home in 01960 rents for about $2,787 a month, a gross rental yield of 4.8%.
What is the property tax rate in 01960?: The effective property tax rate in 01960 is 0.8% — roughly $5,486 a year on a typical home.
Who lives in 01960?: ZIP code 01960 has a population of 54,474 and a median household income of $96,501.

#Comparable ZIPs

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

02124 vs 01960 →
Boston, MA
Typical home
$695,650
Gross yield
5.2%
02364 vs 01960 →
Kingston CDP, MA
Typical home
$694,852
Gross yield
4.5%
03824
Durham CDP, NH
Typical home
$694,229
Gross yield
4.8%
03827
NH
Typical home
$693,586
Gross yield
—
01821
Pinehurst CDP, MA
Typical home
$705,962
Gross yield
4.6%
01906
Saugus CDP, MA
Typical home
$692,333
Gross yield
5.0%

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

Compare ZIPs

Pit ZIP 01960 against any other ZIP — full side-by-side table.

Compare 01960 →

#Jump to section

U.S. ZIP Code · MA01960

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