ZIP Code · MA

ZIP 01915

Part of Beverly, MA

Pop. 41,994·Essex County·86th most expensive ZIP in Massachusetts

Median rent (all units)

$2,745/mo

Year-over-Year

+8.2%

Month-over-Month

+1.8%

vs US Median

+$813

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 01915 · $2,745

More expensive than 85% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,150

1 BR

$2,260

2 BR

$2,680

3 BR

$3,210

4 BR+

$3,550

Research median

$2,680/mo

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

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 01915 usually run 1.4% below trend in February and 1% above it in July, about $66 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 01915 is at its highest level since Zillow's records here began in February 2019.

Past year vs. the rest of Massachusetts

Rent in ZIP 01915 changed +8.2% over the year to September 2026. Across the 140 Massachusetts ZIP codes Zillow tracks, the typical change was +3.0%.

Since before the pandemic

Rent in ZIP 01915 is 49.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 8 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($104,918) is $2,623 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,260); a 2-bedroom is $2,680.

Cheaper nearby

ZIP 01902, 8 miles away, rents for 16% less ($2,302/mo), about $5,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 01915. 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

$32,940/yr

At $2,745/mo median

Location

CityBeverly

StateMA

CountyEssex County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 8.2% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+8.2% YoY, +1.8% MoM), not inventory.

Demographics

Who lives here

ZIP 01915 (Beverly, MA) is majority owner-occupied, has a median income above the national average, 52.6% of residents hold a bachelor's degree or higher.

Population

41,994

Median income

$104,918

Median age

38.5

Renters

40.6%

Age distribution

18.8%

26.2%

21.7%

14.5%

18.8%

Under 1818.8%

18–3426.2%

35–5421.7%

55–6414.5%

65+18.8%

Gender

48%

52%

Male48%

Female52%

Race & ethnicity

85.7%

White85.7%

Black3%

Hispanic6.2%

Asian2%

Other3%

Education (25+)

20.1%

23.7%

52.6%

No HS diploma3.6%

HS diploma20.1%

Some college23.7%

Bachelor's+52.6%

Housing tenure

59.4%

40.6%

Owner59.4%

Renter40.6%

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

2021 vs 2026

How ZIP 01915 in Beverly, MA has changed in 5 years

Rent

$1,905 → $2,745

up 44.1%

Income

$89,076 → $104,918

up 17.8%

Population

41,545 → 41,994

up 1.1%

Renter share

40.4% → 40.6%

+0.2 pts

Bachelor's+

49.5% → 52.6%

+3.1 pts

Median age

39.8 → 38.5

-1.3 yrs

The median rent in ZIP 01915 in Beverly, MA stood at $1,905 in 2021 and currently runs about $2,745, reflecting a 44.1% increase over the period. Median household income rose from $89,076 to $104,918 between 2021 and 2024, a 17.8% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.1% since 2021, moving from about 41,545 residents to roughly 41,994. College-educated residents now make up 52.6% of adults here, versus 49.5% in 2021. Taken together, the five-year picture in ZIP 01915 in Beverly, MA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 01915

Last updated: October 17, 2026

ZIP code 01915 covers Beverly, MA. The median rent here is $2,745/mo as of October 2026. A 1-bedroom rents for a median of $2,260/mo. A 2-bedroom rents for a median of $2,680/mo.

At 31% of local median household income ($104,918/yr), ZIP 01915 ranks as moderate compared to the national benchmark of 30%. Rents have increased 8.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 01915?

To keep rent at or below 30% of gross income, you would need to earn at least $110,000/year (about $53/hour full-time) to afford the median rent of $2,745/mo in ZIP 01915. The local median household income is $104,918/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 01915?

Rent in ZIP 01915 has risen 8.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2019.

When is the cheapest time to rent in ZIP 01915?

Asking rents in ZIP 01915 are usually lowest in February, about 1.4% below their yearly trend, and highest in July, about 1% above it. At today's median that is a gap of roughly $66 a month. This pattern comes from 7 years of Zillow rent data.

How does ZIP 01915 compare to other ZIPs in Massachusetts?

ZIP 01915 is in the middle among Massachusetts ZIP codes for rent, ranking #86 of 164 at $2,745/mo. Over the year to September 2026, rent in ZIP 01915 changed +8.2%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.