HousingHandbookReference data

U.S. ZIP Code · MA01970

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

Typical home value

$607,500[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.5%
5-year / yr
+4.7%
10-year / yr
+6.3%

Relative price

vs U.S.
+113.9%
vs metro
-16.3%
vs state
≈ state median
ZIP 01970 location in MA
Location of ZIP 01970 in MA

Price history

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

The typical home in 01970 is worth $607,500 — 16.3% below the Boston-Cambridge-Newton, MA-NH median. Over the past year, values have risen 0.5%. Homes here rent for a typical $2,624 a month — a 5.2% 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
$2,624[2]
Gross yield
5.2%[2]
Cap rate
3.1%[2]

#Property tax

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

Effective tax rate
1.1%[3]
Typical annual tax
$6,871[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
44,738[3]
Median household income
$85,041[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
12
Elementary
6
Middle
1
High
4
  • Salem High

    High · Grades 9–12 · Salem

    948 students

  • Collins Middle

    Middle · Grades 6–8 · Salem

    625 students

  • Salem Academy Charter School

    High · Grades 6–12 · Salem Academy Charter (District)

    488 students

  • Witchcraft Heights

    Elementary · Grades K–5 · Salem

    446 students

  • Bates

    Elementary · Grades PK–5 · Salem

    397 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 yield5.2%
Net yield (after ~40% expenses)3.1%
Annual rent$31,489

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$3,072
Loan principal$486,000
Down payment$121,500
Total interest paid$619,867

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 ratio1.58
Monthly cost to own$4,150
Monthly rent$2,624

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
81st percentile[2]
Property tax
57th percentile[3]

Frequently asked

How much is a home worth in ZIP code 01970?
The typical home in 01970 is worth $607,500, based on the Zillow Home Value Index.
Are home values rising in 01970?
Home values in 01970 are up 0.5% over the past year, and up 4.7% a year over five years.
What is the typical rent in 01970?
A typical home in 01970 rents for about $2,624 a month, a gross rental yield of 5.2%.
What is the property tax rate in 01970?
The effective property tax rate in 01970 is 1.1% — roughly $6,871 a year on a typical home.
Who lives in 01970?
ZIP code 01970 has a population of 44,738 and a median household income of $85,041.

#Comparable ZIPs

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

  • Hanson CDP, MA

    Typical home
    $607,133
    Gross yield
  • Pepperell CDP, MA

    Typical home
    $606,983
    Gross yield
  • NH

    Typical home
    $606,965
    Gross yield
  • MA

    Typical home
    $608,259
    Gross yield
    5.1%
  • Boston, MA

    Typical home
    $608,494
    Gross yield
    6.4%
  • Weymouth Town, MA

    Typical home
    $606,471
    Gross yield

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