01951 Zip Code First-Time Homebuyer Report for October

The 01951 zip code is much younger than the rest of Massachusetts, with a median age of 49. It's affluent as well, with a median income of $81,033 per household. The 01951 zip code market primarily consists of detached houses, accounting for 78% of the current homes in the area. Topping the list of best schools in the zip code is Newbury Elementary School.

Culture

If you are interested in some outdoor fun, Foursquare says that Tendercrop Farm and Plum Island Nature Reserve are the most popular places in 01951. You might also try The Screening Room, a popular destination for entertainment. Lastly, The Grog Restaurant, Agave Mexican Bistro, and Bob Lobster are well-known places to eat.

Price Range

The 01951 zip code has some of the more expensive homes in the state with a median home value of $400,000 and a current average list price of $716,806. The 01951 zip code market slowed with a 12.5% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (5.6) with seven homes sold.

Curious as to which homes have been getting the most attention in the 01951 zip code? These listings have stirred up interest and produced the most views:

$1.6M   $424K   $599K  

Typical Dwelling

The typical dwelling in the 01951 zip code is a three-bedroom detached home worth about $610,932. To purchase a similar home, a buyer with good credit and a $122,186 cash down payment could obtain a mortgage with a 3.95% interest rate and a $2,047 monthly payment. The property tax rate is $11.64 per $1,000 of taxable assessed value.

Get started right now by checking out 01951 homes for sale or reviewing 01951 real estate trends.


Data reported through 10/13/2016

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Keller Williams Realty
Snapped 1 home in this area
Coldwell Banker Residential Brokerage - Beverly
Snapped 8 homes in this area
Keller Williams Realty
Snapped 1 home in this area

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