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Housing market/Massachusetts/ZIP 01929

ACS 2023 · FY2027 SAFMR

ZIP 01929 Essex, Massachusetts

Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area · Massachusetts. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
3,605
Households
1,317
Median HH income
$151,509
Renter share
23.3%
Median gross rent
$1,828
Vacancy
13.8%
Pop. change
-2.9%
2BR SAFMR
$2,650
SAFMR / rent
1.450×
2–49 unit stock
340
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 01929 · MA — sent to you.

ZIP 01929 · MA

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ACS rent vs 2BR SAFMR

ZIP 01929 — Essex, MA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,828
2BR SAFMR$2,650
90% floor$2,385
110% ceiling$2,915

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 01929

  • 1-unit detached1,09071.4%
  • 1-unit attached976.4%
  • 2–4 units26817.6%
  • 5–49 units724.7%
TypeUnitsShare
1-unit detached1,09071.4%
1-unit attached976.4%
2 units (duplex)1389.0%
3–4 units1308.5%
5–9 units603.9%
10–19 units120.8%
20–49 units00.0%
50+ units00.0%
Mobile00.0%

2–4 unit share 17.6% · 5–49 unit share 4.7% · combined 2–49 22.3%.

Units by bedrooms

Studio
0
1BR
171
2BR
324
3BR
653
4BR
289
5+
90

Rent burden

Rent ≥30% of income50.5%
Rent ≥50% of income27.4%
  • ACS median gross rent $1,828 (all bedrooms, occupied rentals).
  • Median contract rent $1,624.
  • Renters paying ≥30% of income 50.5%; ≥50% 27.4%.
  • FY2027 2BR SAFMR $2,650 (1.450× ACS median gross rent).

Population

3,605 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -2.9%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 498 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 01929 23.3% of occupied households are renters; vacancy is 13.8%; ACS median gross rent is $1,828; population changed -2.9% between the 2018 and 2023 ACS vintages; the housing stock includes 268 units in 2–4-unit structures and 72 units in 5–49-unit structures; FY2027 2BR SAFMR is $2,650 versus ACS median gross rent of $1,828. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Massachusetts research

ZIP 01929 is a Census / HUD profile for Boston-Cambridge-Quincy, MA-NH, MA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 01929 — Essex, MA HUD Section 8 Payment Standards / SAFMR·Massachusetts ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
01464Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area17.7%$1,189$2,65001469Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area15.7%$1,121$2,65001474Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area17.3%$2,368$3,40001701Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area21.8%$1,973$2,82001702Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area65.7%$1,822$2,81001703Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area——$3,05001704Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area——$3,05001718Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area3.7%—$2,66001719Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area22.7%$1,816$2,65001720Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area24.6%$1,908$2,66001721Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area24.5%$2,334$3,34001731Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area100.0%$3,501$4,510

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Massachusetts research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 01929?

ZIP 01929 (Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area) has 3,605 residents, 1,317 households, a renter share of 23.3%, median household income of $151,509, and ACS 2023 median gross rent of $1,828. Vacancy is 13.8%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 01929?

ACS counts 138 units in 2-unit buildings, 130 in 3–4 unit buildings, 60 in 5–9, 12 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 340 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 01929?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,650. See the full schedule and 90–110% payment-standard band on the ZIP 01929 — Essex, MA HUD Section 8 Payment Standards / SAFMR.

Does this Massachusetts ZIP profile include Georgia listings?

No. ZIP 01929 is Census / HUD research for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. Jeff Crowe CRE does not list Massachusetts property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.