Housing Insights for ZIP Code 01908 (Nahant, MA)

Housing Summary for ZIP Code 01908

Homeowners

The median home value in ZIP Code 01908 (Nahant, MA) is $625,400. Approximately 70.5% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 3.1%.

The average occupancy of owner-occupied units in ZIP Code 01908 is 2.26 occupants, while owner-occupied units have an aggregate average size of 2.88 bedrooms per housing unit.

Renters

In the 01908 ZIP Code, an estimated 29.5% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 0.0%.

Among renter-occupied units in this ZIP, the average occupancy is 1.90 occupants, while renters in this Essex County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 01908

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 01908.

ZIP 01908 Massachusetts U.S.
Median Home Value $625,400 $656,427 $364,385
Owner-Occupied Housing Units 70.5% 62.4% 64.0%
Homeowner Vacancy Rate 3.1% 1.0% 1.6%
Average Size of Owner-Occupied Unit 2.26 2.69 2.70
Average # of Bedrooms Per Unit 2.88 2.66 2.75
Median Housing Rent $0 $1,282 $1,062
Renter-Occupied Housing Units 29.5% 37.6% 36.0%
Rental Vacancy Rate 0.0% 3.6% 6.0%
Average Size of Renter-Occupied Unit 1.90 2.25 2.49
Percent of Income Spent on Rent 0% 29.76% 29.83%

Home Values in ZIP Code 01908 (Nahant, MA)

The median home value in ZIP Code 01908 is $625,400. That median value is about 64% higher than the median home value of $381,600 in Massachusetts overall, and is 188% higher than the $217,500 the median home value in the entire U.S. In ZIP Code 01908, about 49.5% of homes are valued $500,000 to $999,999. That is 95% higher than in Massachusetts, in which 25.4% of homes are valued at $500,000 to $999,999, and is about 334% higher than in the U.S. overall (11.4% of homes valued at $500,000 to $999,999). The home value range that the smallest portion of ZIP Code 01908 homes fall into is $150,000 to $199,999 (0.0% of homes).

Home Values in ZIP Code 01908

This chart visualizes the breakdown of home values in ZIP Code 01908, Massachusetts, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 01908 vs. home values in both the state of Massachusetts and in the U.S. overall.

Home Values in ZIP Code 01908

See the table below for a regional comparison of home values in ZIP Code 01908.

Home Value ZIP 01908 Massachusetts U.S.
Less than $50,000 1.1% 1.5% 6.9%
$50,000 to $99,999 1.8% 1.4% 12.0%
$100,000 to $149,999 1.9% 3.4% 13.3%
$150,000 to $199,999 0.0% 7.2% 14.0%
$200,000 to $299,999 2.8% 19.5% 19.6%
$300,000 to $499,999 29.1% 35.9% 19.3%
$500,000 to $999,999 49.5% 25.4% 11.4%
$1,000,000 or more 13.8% 5.8% 3.4%

Home Ages in ZIP Code 01908 (Nahant, MA)

Approximately 56.2% of homes in this Nahant, MA region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 01908 is about 73% higher than percentage of homes built in this time period in Massachusetts overall (32.5% of homes), and is 346% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 14.3% of local homes were built in 1950 to 1959. On the other end of the scale, just 0.6% of homes in this Essex County ZIP Code were built in 2010 to 2013 in ZIP Code 01908. In comparison, 1.7% of homes in Massachusetts overall were built in 2010 to 2013, while 2.7% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 01908

A detailed regional comparison of home ages in ZIP Code 01908.

Year Built ZIP 01908 Massachusetts U.S.
2014 or later 0.6% 1.6% 2.5%
2010 to 2013 0.6% 1.7% 2.7%
2000 to 2009 1.0% 7.1% 14.0%
1990 to 1999 7.4% 7.7% 13.9%
1980 to 1989 3.1% 10.8% 13.4%
1970 to 1979 8.5% 11.6% 15.2%
1960 to 1969 5.2% 10.2% 10.6%
1950 to 1959 14.3% 11.3% 10.3%
1940 to 1949 3.2% 5.5% 4.9%
1939 or earlier 56.2% 32.5% 12.6%

Age of Homes in ZIP Code 01908

See the chart below for details on the age of homes in ZIP Code 01908, Massachusetts, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 01908

Frequently asked questions about housing in this Nahant, MA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 01908.

1

What is the average home value ZIP Code 01908?

The median home value in ZIP Code 01908 (Nahant, MA) is $625,400.
2

Are homes expensive in ZIP Code 01908?

The median home value in 01908 ($625,400) is an estimated 64% higher than the aggregate median value of $381,600 in Massachusetts, and is 188% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 01908?

The vacacy rate for owner-occupied housing in ZIP Code 01908 is 3.1%. This rate is 210% higher than the overall Massachusetts owner-occupied vacancy rate of 1.0%. Additionally, the 01908 vacancy rate is 94% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 01908 have older homes or newer construction?

In ZIP Code 01908, about 56.2% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 14.3% of homes in the region were built in 1950 to 1959. In contrast, 0.6% of homes in 01908 were built in 2010 to 2013.
5

What is the housing breakdown in ZIP Code 01908? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 01908 than renter-occupied housing. Owner-occupied units make up 70.5% of housing, compared to 29.5% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 01908?

The vacacy rate for rental units in ZIP Code 01908 is 0.0%. This rate is 100% lower than the overall Massachusetts vacancy rate of 3.6%. Additionally, the 01908 vacancy rate is 100% lower than the entire U.S. vacancy rate of 6.0%.