ZIP Code · MA

ZIP 01845

Part of North Andover, MA

Pop. 32,494·Essex County·76th most expensive ZIP in Massachusetts

Median rent (all units)

$2,816/mo

Year-over-Year

+4.8%

Month-over-Month

+0.5%

vs US Median

+$884

Reported rents

Stable (Monthly)

Be the first to discuss 01845 rents ↓

Most AffordableMost Expensive

ZIP 01845 · $2,816

More expensive than 87% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$2,060

1 BR

$2,280

2 BR

$2,990

3 BR

$3,590

4 BR+

$3,960

Research median

$2,990/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 01845 usually run 2.1% below trend in December and 1.9% above it in April, about $113 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 01845 is at its highest level since Zillow's records here began in January 2021.

Past year vs. the rest of Massachusetts

Rent in ZIP 01845 changed +4.8% over the year to September 2026. Across the 140 Massachusetts ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent has risen 4 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($140,670) is $3,517 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,990); a 3-bedroom is $3,590.

Cheaper nearby

ZIP 01843, 4 miles away, rents for 16% less ($2,375/mo), about $5,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 01845. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$33,792/yr

At $2,816/mo median

Location

CityNorth Andover

StateMA

CountyEssex County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.8% YoY, +0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 01845 (North Andover, MA) is majority owner-occupied, has a median income above the national average, 61.1% of residents hold a bachelor's degree or higher.

Population

32,494

Median income

$140,670

Median age

38.5

Renters

30.2%

Age distribution

20.6%

25.3%

22.8%

14.8%

16.5%

Under 1820.6%

18–3425.3%

35–5422.8%

55–6414.8%

65+16.5%

Gender

49.2%

50.8%

Male49.2%

Female50.8%

Race & ethnicity

80%

White80%

Black3.2%

Hispanic7.8%

Asian7%

Other2%

Education (25+)

15.4%

20%

61.1%

No HS diploma3.5%

HS diploma15.4%

Some college20%

Bachelor's+61.1%

Housing tenure

69.8%

30.2%

Owner69.8%

Renter30.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 01845 in North Andover, MA has changed in 5 years

Rent

$2,058 → $2,816

up 36.8%

Income

$120,954 → $140,670

up 16.3%

Population

31,394 → 32,494

up 3.5%

Renter share

28.9% → 30.2%

+1.3 pts

Bachelor's+

60.2% → 61.1%

+0.9 pts

Median age

37.6 → 38.5

+0.9 yrs

Since 2021, the typical rent in ZIP 01845 in North Andover, MA has climbed from $2,058 to $2,816, a 36.8% change over five years. Local incomes tracked alongside that move, going from a median of $120,954 in 2021 to $140,670 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 3.5% since 2021, moving from about 31,394 residents to roughly 32,494. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 01845 in North Andover, MA market of 2021.

Community

Discussions about ZIP 01845

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 01845

About renting in ZIP 01845

Last updated: October 17, 2026

ZIP code 01845 covers North Andover, MA. The median rent here is $2,816/mo as of October 2026. A 1-bedroom rents for a median of $2,280/mo. A 2-bedroom rents for a median of $2,990/mo.

At 24% of local median household income ($140,670/yr), ZIP 01845 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 01845?

To keep rent at or below 30% of gross income, you would need to earn at least $113,000/year (about $54/hour full-time) to afford the median rent of $2,816/mo in ZIP 01845. The local median household income is $140,670/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 01845?

Rent in ZIP 01845 has risen 4.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2021.

When is the cheapest time to rent in ZIP 01845?

Asking rents in ZIP 01845 are usually lowest in December, about 2.1% below their yearly trend, and highest in April, about 1.9% above it. At today's median that is a gap of roughly $113 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 01845 compare to other ZIPs in Massachusetts?

ZIP 01845 is in the middle among Massachusetts ZIP codes for rent, ranking #76 of 164 at $2,816/mo. Over the year to September 2026, rent in ZIP 01845 changed +4.8%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.