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Gloucester, MA
Full City Profile · Massachusetts · Essex County County
3.1
/5.0
B
Good
29,862
Population
1,140/sq mi density
$87,898
Median Income
$53,072 per capita
$587,800
Home Value
$740,384 Zillow
$1,395
Median Rent
34.7% income on rent
48°F
Avg Temperature
246 sunny days/yr
191
Violent Crime/100K
540 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$87,898 median income, 4.1% unemployment
C+
Affordability
2.9 / 5.0
$587,800 home value, $1,395/mo rent
F
Safety
1.0 / 5.0
191 violent crimes/100K
A
Education
4.1 / 5.0
38.8% bachelor's degree or higher
Housing Overview
Median Home Value
$587,800
109% above
US avg: $281,900
Median Rent
$1,395/mo
20% above
US avg: $1,163/mo
Homeownership Rate
63.3%
3% below US avg (65.4%)
Total Housing Units
14,630
Median year built: 1943
Home Value by Source
Census Median
$587,800
Zillow (ZHVI)
$740,384
Median Sale Price
$645,000
Median List Price
$599,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
63.3%
Owner-Occupied
36.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,727/mo
1 Bedroom
$1,822/mo
2 Bedroom
$2,300/mo
3 Bedroom
$2,858/mo
4 Bedroom
$3,232/mo
Census median rent:
$1,395/mo
· Zillow rent:
$2,635/mo
Market Indicators (Redfin)
Median Days on Market
22 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
13
Price Drops
11.4%
of listings with price reduction
Price Per Sq Ft
$442
Active Inventory
44
homes for sale
Affordability & Housing Stock
Rent Burden
34.7%
of renters spending 30%+ of income on housing
12% above US avg (31.0%)
Median Year Built
1943
Average age of housing stock: 83 years
Homeownership Rate
63.3%
Complete Housing Data
Home Values
| Census Median Value | $587,800 |
| Zillow Home Value (ZHVI) | $740,384 |
| Median Sale Price | $645,000 |
| Median List Price | $599,000 |
| Price Per Sq Ft | $442 |
Rent
| Census Median Rent | $1,395 |
| Zillow Rent (ZORI) | $2,635 |
| FMR Studio | $1,727 |
| FMR 1-Bedroom | $1,822 |
| FMR 2-Bedroom | $2,300 |
| FMR 3-Bedroom | $2,858 |
| FMR 4-Bedroom | $3,232 |
Market
| Days on Market | 22 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 11.4% |
| Homes Sold | 13 |
| Active Inventory | 44 |
| Price Per Sq Ft | $442 |
Ownership & Stock
| Owner-Occupied | 63.3% |
| Renter-Occupied | 36.7% |
| Homeownership Rate | 63.3% |
| Total Housing Units | 14,630 |
| Median Year Built | 1943 |
| Rent Burden | 34.7% |