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ZIP Code · MA

ZIP 01938

Part of Ipswich, MA
Pop. 13,930·Essex County·126th most expensive ZIP in Massachusetts
Median rent (all units)
$2,400/mo
Year-over-Year
Stable
Month-over-Month
-6.3%
vs US Median
+$435
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 01938 · $2,400
More expensive than 78% of US ZIP codes · National median $1,965/mo
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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$2,040
1 BR
$2,160
2 BR
$2,560
3 BR
$3,080
4 BR+
$3,390
Research median
$2,560/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: April 17, 2026

Annual cost
$28,800/yr
At $2,400/mo median
Location
StateMA
CountyEssex County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -6.3% MoM), not inventory.
Demographics

Who lives here

ZIP 01938 (Ipswich, MA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 60.2% of residents hold a bachelor's degree or higher.

Population
13,930
Median income
$138,750
Median age
47.2
Renters
25.6%
Age distribution
18.9%
16.5%
28%
14.7%
21.9%
Under 1818.9%
18–3416.5%
35–5428%
55–6414.7%
65+21.9%
Gender
47.4%
52.6%
Male47.4%
Female52.6%
Race & ethnicity
92.3%
White92.3%
Hispanic2.5%
Asian1.9%
Other3.2%
Education (25+)
18.2%
20.2%
60.2%
No HS diploma1.5%
HS diploma18.2%
Some college20.2%
Bachelor's+60.2%
Housing tenure
74.4%
25.6%
Owner74.4%
Renter25.6%

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

2021 vs 2026

How ZIP 01938 in Ipswich, MA has changed in 5 years

Income
$111,701 → $138,750
up 24.2%
Population
13,740 → 13,930
up 1.4%
Renter share
25.1% → 25.6%
+0.5 pts
Bachelor's+
55.6% → 60.2%
+4.6 pts
Median age
48.5 → 47.2
-1.3 yrs

Census figures show median household income at $138,750 today, compared with $111,701 five years earlier. Headcount in the area went from 13,740 to 13,930 between 2021 and 2024, a 1.4% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 55.6% to 60.2%.

Community

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Local insights

Tips for renters in ZIP 01938

About renting in ZIP 01938

Last updated: April 17, 2026

ZIP code 01938 covers Ipswich, MA. The median rent here is $2,400/mo as of April 2026. A 1-bedroom rents for a median of $2,160/mo. A 2-bedroom rents for a median of $2,560/mo.

At 21% of local median household income ($138,750/yr), ZIP 01938 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 01938?

As of April 17, 2026, the median monthly rent in ZIP 01938 (Ipswich, MA) is $2,400. This is based on aggregated data from public sources and community submissions.

How does ZIP 01938 rent compare to the US average?

ZIP 01938's median rent of $2,400/mo is $435 (22%) above the US national median of $1,965/mo.

How does ZIP 01938 compare to other ZIPs in Massachusetts?

ZIP 01938 is among the more affordable ZIP codes in Massachusetts, ranking #126 out of 168 ZIPs at $2,400/mo.

How much income do you need to rent in ZIP 01938?

To keep rent at or below 30% of gross income, you would need to earn at least $96,000/year (~$46/hour full-time) to afford the median rent of $2,400/mo in ZIP 01938. The local median household income is $138,750/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 01938?

Rent in ZIP 01938 has been relatively stable over the past year, with a 0.0% change year over year as of April 17, 2026.

Is ZIP 01938 an affordable place to rent?

ZIP 01938 is considered very affordable for renters. At $2,400/mo, rent takes approximately 21% of the local median household income ($138,750/yr). The standard benchmark is 30%. ZIP 01938 falls comfortably within that range.

What percentage of ZIP 01938 residents rent vs. own?

According to Census data, approximately 25.6% of ZIP 01938 households are renters, while 74.4% are owner-occupied. ZIP 01938 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 01938 compare to the rest of Ipswich?

ZIP 01938 sits right at the Ipswich citywide median of $2,400/mo.

When was rent data for ZIP 01938 last updated?

Rent data for ZIP 01938 reflects April 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $2,400/mo, rent takes ~21% of ZIP 01938's median household income ($138,750/yr). The standard benchmark is 30%.

ZIP 01938 21%Benchmark 30%
State income tax5%
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Schools nearby

Public schools near ZIP 01938 (Ipswich, MA)

Recent submissions

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