The story of this market
The typical home in ZIP 01938 sells for about $950,000, or $415 per square foot.
Prices are down 4.4% from a year ago, which gives buyers more room to negotiate. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,598 a month.
ZIP 01938 — Ipswich
The housing market in 01938 shows signs of stabilization with a median sale price of $950,000, despite a slight year-over-year decline. Inventory remains tight with only 13 active listings, and homes are moving at a moderate pace of 42 days on market. The area continues to attract high-income earners, supported by strong local demographics and proximity to Boston.
This ZIP is well-suited for families and professionals seeking a coastal, historic community with access to Boston, though the high cost of living requires a significant household income.
Median prices moved down 4.4% year over year.
Homes spend a median of 42 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.0% · poverty 5.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 01938, Essex County MA
The area is served by the Ipswich Public Schools, which generally maintain a strong reputation within the region for academic performance.
The area faces standard coastal New England climate risks, including potential for storm surge and flooding in low-lying areas near the Ipswich River and coastline.
Economic momentum is driven by proximity to the Boston metro area, with a local economy anchored by education, professional services, and healthcare sectors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Massachusetts) — Massachusetts Local Property Tax: Ad valorem tax calculated as (Municipal Budget / Total Assessed Value of all taxable property) = Tax Rate per $1,000 of assessed value. Assessments must be at 100% of full and fair cash (market) value.
Residents typically commute toward the Boston employment core via the MBTA Commuter Rail (Newburyport/Rockport Line) or by driving along Route 1 and I-95.
The area features significant natural amenities including Crane Beach, the Ipswich River, and various conservation trails, alongside historic downtown shopping and dining.
The rental market is characterized by high demand and limited inventory, with a mix of historic housing stock and some newer multi-family developments.
The local economy is supported by a mix of education, healthcare, and professional services, with many residents commuting to the broader Boston-Cambridge-Newton metropolitan area.
The area is served by the MBTA Commuter Rail, providing direct transit access to Boston, and is connected to the regional highway network via Route 1 and I-95.
Development is focused on maintaining the historic character of the town while managing modest residential growth and infrastructure improvements.
Parcels are subject to municipal property taxes and standard Massachusetts school district funding structures.
Property insurance premiums are influenced by coastal proximity and flood zone designations, requiring many homeowners to carry flood insurance.
Data retrieved from U.S. Census Bureau ACS 2024 5-Year Estimates for ZCTA 01938.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
- K1 Speed Boston-Wilmington4.217.1 mi
- Nova Adventure Park4.514.9 mi
- Dave & Buster's Woburn4.119.4 mi
- Water Park of New England3.88.6 mi
- Cowabunga's Indoor Kids Play & Party Center - North Reading4.515.3 mi
- Hammond Castle Museum4.69.5 mi
- Cider Hill Farm4.714.6 mi
- The Brook4.215.7 mi
- Kowloon Restaurant4.217.2 mi
- Topsfield Fairgrounds4.36.3 mi
- Salem Witch Museum3.810.8 mi
- Hammond Castle Museum4.69.5 mi
- Salisbury Beach State Reservation4.611.1 mi
- Castle Hill on the Crane Estate4.73 mi
- Good Harbor Beach4.711.1 mi
- Salem Witch Museum3.810.8 mi
- Hammond Castle Museum4.69.5 mi
- Peabody Essex Museum4.710.9 mi
- Castle Hill on the Crane Estate4.73 mi
- The Witch House at Salem4.311 mi
- Salisbury Beach State Reservation4.611.1 mi
- Halibut Point State Park4.810.3 mi
- Salem Witch Trials Memorial4.611 mi
- Salem Willows Park4.69.7 mi
- Mass Audubon's Ipswich River Wildlife Sanctuary4.95.2 mi
- Pickering Wharf Marina4.611 mi
- Boston Yacht Club4.711.9 mi
- Jubilee Yacht Club Inc4.69.5 mi
- Crescent Yacht Club4.413.9 mi
- Black Swan Country Club3.99.4 mi
- Ferncroft Country Club4.68.7 mi
- Renaissance Golf Club4.612.6 mi
- Ipswich Country Club4.63.5 mi
- The Meadow at Peabody4.112.2 mi
- Northshore Mall4.410.7 mi
- Liberty Tree Mall3.99.9 mi
- Roy Moore Lobster Company4.711.2 mi
- Witch City Mall3.710.9 mi
- Burlington4.210.6 mi
- Boston Logan International Airport4.123.1 mi
- Portsmouth International Airport4.628.3 mi
- Park Shuttle & Fly4.521.6 mi
- The Lounge3.423 mi
- DaCoopas Pizza4.122.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major coastal attraction managed by The Trustees of Reservations.
Provides extensive opportunities for kayaking, fishing, and scenic recreation.
Historic district featuring local boutiques, restaurants, and cultural landmarks.
Key-figure check: median price diverges 15.3% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.