Essex, MA Real Estate
According to census data in the year 2000 there were 637 housing units in Essex.
This represents a 0.2% decline from 638 in 1990.
Of those housing units, 556 were located in either urbanized areas or urban clusters, and 81 were located in what is classified as a rural area.
Homeownership rate in Essex is about 59.6%.
Essex's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.41 people.
The majority of houses, apartments or condos in Essex were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 24.80% |
| Two Bedrooms | 18.80% |
| Three Bedrooms | 35% |
| Four Bedrooms | 18.80% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.04 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $268,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.48 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $2,001 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.20% |
| Home Equity Loan | 19.50% |
| Simple Mortgage | 42.60% |
| Debt Free | 30.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.1% |
