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ZIP Code · MA

ZIP 01970

Part of Salem, MA
Pop. 44,738·Essex County·91st most expensive ZIP in Massachusetts
Median rent (all units)
$2,742/mo
Year-over-Year
+5.3%
Month-over-Month
+0.9%
vs US Median
+$777
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 01970 · $2,742
More expensive than 85% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$32,904/yr
At $2,742/mo median
Location
CitySalem
StateMA
CountyEssex County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.3% YoY, +0.9% MoM), not inventory.
Demographics

Who lives here

ZIP 01970 (Salem, MA) is roughly split between renters and owners, 47.8% of residents hold a bachelor's degree or higher.

Population
44,738
Median income
$85,041
Median age
39.3
Renters
50.4%
Age distribution
15.7%
27.8%
25.7%
13.6%
17.1%
Under 1815.7%
18–3427.8%
35–5425.7%
55–6413.6%
65+17.1%
Gender
45.5%
54.5%
Male45.5%
Female54.5%
Race & ethnicity
72.8%
20.8%
White72.8%
Black4.9%
Hispanic20.8%
Asian3.4%
Education (25+)
21.9%
22.2%
47.8%
No HS diploma8.1%
HS diploma21.9%
Some college22.2%
Bachelor's+47.8%
Housing tenure
49.6%
50.4%
Owner49.6%
Renter50.4%

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

2021 vs 2026

How ZIP 01970 in Salem, MA has changed in 5 years

Rent
$1,975 → $2,742
up 38.8%
Income
$72,994 → $85,041
up 16.5%
Population
44,372 → 44,738
up 0.8%
Renter share
48.3% → 50.4%
+2.1 pts
Bachelor's+
48.6% → 47.8%
-0.8 pts
Median age
37.6 → 39.3
+1.7 yrs

Rent in ZIP 01970 in Salem, MA has increased 38.8% since 2021, going from about $1,975 per month to roughly $2,742 today. Median household income grew from $72,994 to $85,041 between 2021 and 2024, a 16.5% shift. Rent outpaced income growth by roughly 22.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 50.4% of households rent today, against 48.3% in 2021. Taken together, the five-year picture in ZIP 01970 in Salem, 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.

Community

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Local insights

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About renting in ZIP 01970

Last updated: July 20, 2026

ZIP code 01970 covers Salem, MA. The median rent here is $2,742/mo as of July 2026. A 1-bedroom rents for a median of $2,160/mo. A 2-bedroom rents for a median of $2,560/mo.

At 39% of local median household income ($85,041/yr), ZIP 01970 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 01970?

As of July 20, 2026, the median monthly rent in ZIP 01970 (Salem, MA) is $2,742. This is based on aggregated data from public sources and community submissions.

How does ZIP 01970 rent compare to the US average?

ZIP 01970's median rent of $2,742/mo is $777 (40%) above the US national median of $1,965/mo.

How does ZIP 01970 compare to other ZIPs in Massachusetts?

ZIP 01970 falls in the middle range for Massachusetts, ranking #91 out of 168 ZIPs at $2,742/mo.

How much income do you need to rent in ZIP 01970?

To keep rent at or below 30% of gross income, you would need to earn at least $110,000/year (~$53/hour full-time) to afford the median rent of $2,742/mo in ZIP 01970. The local median household income is $85,041/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 01970?

Rent in ZIP 01970 has increased 5.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 01970 an affordable place to rent?

ZIP 01970 is considered moderate for renters. At $2,742/mo, rent takes approximately 39% of the local median household income ($85,041/yr). The standard benchmark is 30%. ZIP 01970 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 01970 residents rent vs. own?

According to Census data, approximately 50.4% of ZIP 01970 households are renters, while 49.6% are owner-occupied. With a majority renter population, ZIP 01970 has a strong rental market.

How does ZIP 01970 compare to the rest of Salem?

ZIP 01970 sits right at the Salem citywide median of $2,742/mo.

When was rent data for ZIP 01970 last updated?

Rent data for ZIP 01970 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
39%
MODERATE

At $2,742/mo, rent takes ~39% of ZIP 01970's median household income ($85,041/yr). The standard benchmark is 30%.

ZIP 01970 39%Benchmark 30%
State income tax5%
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Schools nearby

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