Financial Self-Sufficiency
Homeownership Rate


Homeownership Rate

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What does this measure?

The percentage of all occupied housing units (not vacant) that are owner-occupied (not rented).

Why is this important?

Homeownership is an important factor for neighborhood stability and civic participation. A home is a vital financial asset for a family and an investment in both the local neighborhood and surrounding community.

How is our county doing?

In 2020-24, the homeownership rate in Essex County was 63%, level since 2010-14, on par with the state rate, and slightly lower than the national rate. Although the rate in Essex County has remained steady overall, homeownership rates varied greatly among local communities. The lowest rate was in Lawrence (28%) followed by Lynn (48%) and Salem (50%). The highest rates were in West Newbury (96%), Boxford (95%), and Middleton (93%).

How do we compare to similar counties?

Essex County's homeownership rate in 2020-24 was similar to Middlesex, MA and Westchester, NY, but lower than Lake, IL, at 75%. Similar to Essex, rates in all three comparison counties changed little since 2010-14.

Notes about the data

Multiyear figures are from the Census Bureau's American Community Survey. The bureau combined five years of responses to the survey to provide estimates for smaller geographic areas and increase the precision of its estimates. The survey provides data on characteristics of the population that used to be collected only during the decennial census.

Homeownership Rate
2010-142015-192020-24
Essex County, MA63%64%63%
Amesbury71%70%69%
Beverly61%61%60%
Gloucester62%64%64%
Haverhill62%57%63%
Lawrence28%31%28%
Lynn46%45%48%
Methuen71%72%72%
Newburyport72%77%77%
Peabody64%66%66%
Salem49%52%50%
Andover80%81%80%
Boxford97%98%95%
Danvers69%71%69%
Essex68%82%75%
Georgetown82%81%84%
Groveland85%87%90%
Hamilton76%81%85%
Ipswich76%72%74%
Lynnfield87%85%87%
Manchester66%76%75%
Marblehead80%78%85%
Merrimac85%87%81%
Middleton85%88%93%
Nahant66%70%79%
Newbury82%86%86%
North Andover74%71%70%
Rockport69%69%68%
Rowley84%81%82%
Salisbury71%82%71%
Saugus77%81%72%
Swampscott76%77%76%
Topsfield93%90%90%
Wenham87%90%86%
West Newbury90%92%96%
Middlesex County, MA62%62%61%
Lake County, IL75%73%75%
Westchester County, NY62%61%62%
Massachusetts62%62%63%

Source: U.S. Census Bureau
Notes: Multiyear results are from rolling American Community Survey.




Number of Owner-occupied Housing Units
2010-142015-192020-24
Essex County, MA180,939188,804198,838
Amesbury4,8195,0625,204
Beverly9,7209,95210,212
Gloucester7,6148,3958,597
Haverhill14,54113,85016,666
Lawrence7,3648,0508,738
Lynn14,93214,63117,522
Methuen12,51212,85913,522
Newburyport5,2946,0496,279
Peabody13,83414,29014,688
Salem8,9219,50110,073
Andover9,60510,41210,622
Boxford2,6042,7732,622
Danvers7,0947,6267,619
Essex9571,1971,019
Georgetown2,4472,6632,710
Groveland2,0452,1332,384
Hamilton2,1642,2002,239
Ipswich4,3374,1314,246
Lynnfield3,7363,9053,932
Manchester1,3811,5811,610
Marblehead6,4856,3187,061
Merrimac2,1432,3602,288
Middleton2,2432,6502,942
Nahant1,0501,1291,253
Newbury2,2012,2262,380
North Andover7,8027,9298,058
Rockport2,1942,2922,212
Rowley1,8441,7961,998
Salisbury2,3323,1762,952
Saugus7,9738,4017,836
Swampscott4,1834,4584,669
Topsfield2,0251,9921,976
Wenham1,1881,2761,096
West Newbury1,3551,5411,613
Middlesex County, MA364,735376,888388,893
Lake County, IL181,664179,679193,403
Westchester County, NY212,162214,474230,602
Massachusetts1,580,9381,632,7651,741,158

Source: U.S. Census Bureau
Notes: Multiyear results are from rolling American Community Survey.




INDICATORS TREND | ESSEX COUNTY