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ZIP Code · MA

ZIP 01923

Part of Danvers, MA
Pop. 27,991·Essex County·73rd most expensive ZIP in Massachusetts
Median rent (all units)
$2,849/mo
Year-over-Year
+5.1%
Month-over-Month
+0.6%
vs US Median
+$884
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 01923 · $2,849
More expensive than 87% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,160
1 BR
$2,270
2 BR
$2,690
3 BR
$3,230
4 BR+
$3,560
Research median
$2,690/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: July 20, 2026

Annual cost
$34,188/yr
At $2,849/mo median
Location
StateMA
CountyEssex County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.1% YoY, +0.6% MoM), not inventory.
Demographics

Who lives here

ZIP 01923 (Danvers, MA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 48.4% of residents hold a bachelor's degree or higher.

Population
27,991
Median income
$125,395
Median age
45.4
Renters
30.8%
Age distribution
17.2%
18.8%
25.4%
16.1%
22.5%
Under 1817.2%
18–3418.8%
35–5425.4%
55–6416.1%
65+22.5%
Gender
46.6%
53.4%
Male46.6%
Female53.4%
Race & ethnicity
88.9%
White88.9%
Black1.8%
Hispanic5.5%
Asian1.7%
Other2%
Education (25+)
22.8%
24.1%
48.4%
No HS diploma4.7%
HS diploma22.8%
Some college24.1%
Bachelor's+48.4%
Housing tenure
69.2%
30.8%
Owner69.2%
Renter30.8%

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

2021 vs 2026

How ZIP 01923 in Danvers, MA has changed in 5 years

Income
$105,654 → $125,395
up 18.7%
Population
27,789 → 27,991
up 0.7%
Renter share
28.8% → 30.8%
+2.0 pts
Bachelor's+
45.2% → 48.4%
+3.2 pts
Median age
44.4 → 45.4
+1.0 yrs

Median household income grew from $105,654 to $125,395 between 2021 and 2024, a 18.7% shift. About 30.8% of households rent today, against 28.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 45.2% to 48.4%.

Community

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Local insights

Tips for renters in ZIP 01923

About renting in ZIP 01923

Last updated: July 20, 2026

ZIP code 01923 covers Danvers, MA. The median rent here is $2,849/mo as of July 2026. A 1-bedroom rents for a median of $2,270/mo. A 2-bedroom rents for a median of $2,690/mo.

At 27% of local median household income ($125,395/yr), ZIP 01923 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 01923?

As of July 20, 2026, the median monthly rent in ZIP 01923 (Danvers, MA) is $2,849. This is based on aggregated data from public sources and community submissions.

How does ZIP 01923 rent compare to the US average?

ZIP 01923's median rent of $2,849/mo is $884 (45%) above the US national median of $1,965/mo.

How does ZIP 01923 compare to other ZIPs in Massachusetts?

ZIP 01923 falls in the middle range for Massachusetts, ranking #73 out of 168 ZIPs at $2,849/mo.

How much income do you need to rent in ZIP 01923?

To keep rent at or below 30% of gross income, you would need to earn at least $114,000/year (~$55/hour full-time) to afford the median rent of $2,849/mo in ZIP 01923. The local median household income is $125,395/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 01923?

Rent in ZIP 01923 has increased 5.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 01923 an affordable place to rent?

ZIP 01923 is considered affordable for renters. At $2,849/mo, rent takes approximately 27% of the local median household income ($125,395/yr). The standard benchmark is 30%. ZIP 01923 falls comfortably within that range.

What percentage of ZIP 01923 residents rent vs. own?

According to Census data, approximately 30.8% of ZIP 01923 households are renters, while 69.2% are owner-occupied. ZIP 01923 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 01923 compare to the rest of Danvers?

ZIP 01923 sits right at the Danvers citywide median of $2,849/mo.

When was rent data for ZIP 01923 last updated?

Rent data for ZIP 01923 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $2,849/mo, rent takes ~27% of ZIP 01923's median household income ($125,395/yr). The standard benchmark is 30%.

ZIP 01923 27%Benchmark 30%
State income tax5%
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Schools nearby

Public schools near ZIP 01923 (Danvers, MA)

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