ZIP Code · MA

ZIP 01923

Part of Danvers, MA

Pop. 27,991·Essex County·72nd most expensive ZIP in Massachusetts

Median rent (all units)

$2,825/mo

Year-over-Year

+2.1%

Month-over-Month

+1.0%

vs US Median

+$893

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 01923 · $2,825

More expensive than 87% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 01923 is at its highest level since Zillow's records here began in June 2022.

Past year vs. the rest of Massachusetts

Rent in ZIP 01923 changed +2.1% 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 3 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($125,395) is $3,135 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,690); a 3-bedroom is $3,230.

Cheaper nearby

ZIP 01902, 7 miles away, rents for 19% less ($2,302/mo), about $6,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 01923. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$33,900/yr

At $2,825/mo median

Location

CityDanvers

StateMA

CountyEssex County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.1% YoY, +1.0% 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

2023 vs 2026

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

Rent

$2,484 → $2,825

up 13.7%

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

Compared with 2023, rent in ZIP 01923 in Danvers, MA has increased by $341 per month, settling near $2,825 after starting the period at $2,484. Median household income grew from $105,654 to $125,395 between 2021 and 2024, a 18.7% shift. Income growth outran rent by about 5.0 percentage points, easing the affordability math somewhat compared with 2021. 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%. Taken together, the five-year picture in ZIP 01923 in Danvers, 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 01923

Last updated: October 17, 2026

ZIP code 01923 covers Danvers, MA. The median rent here is $2,825/mo as of October 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 2.1% over the past year.

FAQ

Frequently asked questions

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 $113,000/year (about $54/hour full-time) to afford the median rent of $2,825/mo in ZIP 01923. The local median household income is $125,395/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 01923?

Rent in ZIP 01923 has risen 2.1% over the past year as of September 2026. That is the highest level since Zillow's records here began in June 2022.

How does ZIP 01923 compare to other ZIPs in Massachusetts?

ZIP 01923 is in the middle among Massachusetts ZIP codes for rent, ranking #72 of 164 at $2,825/mo. Over the year to September 2026, rent in ZIP 01923 changed +2.1%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.