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ZIP Code 01940

Essex, Massachusetts

ZCTA 01940

Juniper

ZIP Code 01940 is in the lowest 17% nationally for FEMA risk score. It also sits in the highest 2% nationally for median income. And it sits in the highest 2% nationally for median rent.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$1,023,937

Higher than 96% of U.S. ZIP codes
Home Price Growth, Past Five Years

41%

Lower than 79% of U.S. ZIP codes
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

36.2

Lower than 83% of U.S. ZIP codes

The boundary of ZIP Code 01940, in Essex, Massachusetts.

The basics

Total Population

13,285

Median Age

41.9

Population Density

1,318.32

Home values & property tax

Median Property Tax

$10,001

Property Tax Rateyearly tax as a share of home value

—

The Census publishes home values only up to $2 million and incomes up to $250,000, so this ratio cannot be worked out for the most expensive areas.

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

5.23×

Higher than 86% of U.S. ZIP codes
Median Income

$173,214

Higher than 98% of U.S. ZIP codes
Median Rent

$2,676

Higher than 98% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

6.8%

Higher than 74% of U.S. ZIP codes
Pandemic Price Run-Up2019–20 low → 2022–23 peak

31%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

15%

Climate & weather

Summer Avg High (°F)

78.5

Winter Avg Low (°F)

18.7

Avg Temperature (°F)

48.3

Hot Days/yr (>90°F)

15.7

Freezing Days/yr (<32°F)

129.3

Annual Precipitation (in)

48.1

Annual Snowfall (in)

47.8

Flood & disaster risk

Coastal Flood Loss per $1,000

$0

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

ZIP Code 01940: frequently asked questions

What is the typical home value in ZIP Code 01940?
The estimated median home value in ZIP Code 01940 today is $1,023,937, higher than 96% of U.S. ZIP codes.
How much is property tax in ZIP Code 01940?
The median annual property tax in ZIP Code 01940 is $10,001.
Is ZIP Code 01940 expensive to live in?
Homes in ZIP Code 01940 cost about 5.23× the median household income, higher than 86% of U.S. ZIP codes.
What is the average rent in ZIP Code 01940?
The median gross rent in ZIP Code 01940 is $2,676 a month, higher than 98% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 01940?
Home prices in ZIP Code 01940 have moved 41% over the past five years (6.8% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 01940?
ZIP Code 01940 has a population of 13,285, about 1,318.32 people per square mile, per the U.S. Census American Community Survey. The median age is 41.9.
What is the weather like in ZIP Code 01940?
ZIP Code 01940 averages 48.3°F year-round, summer highs near 78.5°F, winter lows around 18.7°F (NOAA 1991–2020 normals). It sees about 47.8 inches of snow a year.
Is ZIP Code 01940 at risk of flooding or natural disasters?
ZIP Code 01940's FEMA National Risk Index score is 36.2 (lower than 83% of U.S. ZIP codes). Its greatest modeled natural hazard is inland flooding. Modeled coastal-flood loss is negligible.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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