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Housing market/Massachusetts/ZIP 01845

ACS 2023 · FY2027 SAFMR

ZIP 01845 North Andover, Massachusetts

Lawrence, MA-NH HUD Metro FMR Area · Massachusetts. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
31,881
Households
11,521
Median HH income
$134,319
Renter share
30.1%
Median gross rent
$2,113
Vacancy
4.1%
Pop. change
+4.2%
2BR SAFMR
$3,010
SAFMR / rent
1.425×
2–49 unit stock
3,268
LIHTC proj / units
1 / 42
HUD assisted MF
1 / 230

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 01845 · MA — sent to you.

ZIP 01845 · MA

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ACS rent vs 2BR SAFMR

ZIP 01845 — North Andover, MA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$2,113
2BR SAFMR$3,010
90% floor$2,709
110% ceiling$3,311

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 01845

  • 1-unit detached6,62355.2%
  • 1-unit attached1,1629.7%
  • 2–4 units1,20110.0%
  • 5–49 units2,06717.2%
  • 50+ units9467.9%
TypeUnitsShare
1-unit detached6,62355.1%
1-unit attached1,1629.7%
2 units (duplex)6195.2%
3–4 units5824.8%
5–9 units8717.3%
10–19 units7706.4%
20–49 units4263.5%
50+ units9467.9%
Mobile00.0%

2–4 unit share 10.0% · 5–49 unit share 17.2% · combined 2–49 27.2%.

Units by bedrooms

Studio
133
1BR
1,159
2BR
3,223
3BR
3,718
4BR
3,329
5+
448

Rent burden

Rent ≥30% of income50.0%
Rent ≥50% of income25.3%
  • ACS median gross rent $2,113 (all bedrooms, occupied rentals).
  • Median contract rent $2,006.
  • Renters paying ≥30% of income 50.0%; ≥50% 25.3%.
  • FY2027 2BR SAFMR $3,010 (1.425× ACS median gross rent).

Population

31,881 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +4.2%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 1 projects, 42 units.
  • HUD project-based assisted MF: 1 properties, 230 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 498 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 01845 30.1% of occupied households are renters; vacancy is 4.1%; ACS median gross rent is $2,113; population increased +4.2% between the 2018 and 2023 ACS vintages; the housing stock includes 1,201 units in 2–4-unit structures and 2,067 units in 5–49-unit structures; 1 LIHTC projects totaling 42 units; FY2027 2BR SAFMR is $3,010 versus ACS median gross rent of $2,113. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Massachusetts research

ZIP 01845 is a Census / HUD profile for Lawrence, MA-NH, MA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 01845 — North Andover, MA HUD Section 8 Payment Standards / SAFMR·Massachusetts ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
01830Lawrence, MA-NH HUD Metro FMR Area43.1%$1,602$2,32001831Lawrence, MA-NH HUD Metro FMR Area——$2,47001832Lawrence, MA-NH HUD Metro FMR Area41.9%$1,612$2,30001833Lawrence, MA-NH HUD Metro FMR Area16.1%$1,973$3,01001834Lawrence, MA-NH HUD Metro FMR Area8.3%$1,815$2,08001835Lawrence, MA-NH HUD Metro FMR Area24.0%$1,747$2,41001840Lawrence, MA-NH HUD Metro FMR Area97.7%$1,174$2,12001841Lawrence, MA-NH HUD Metro FMR Area67.7%$1,565$2,17001842Lawrence, MA-NH HUD Metro FMR Area——$2,47001843Lawrence, MA-NH HUD Metro FMR Area64.1%$1,703$2,49001860Lawrence, MA-NH HUD Metro FMR Area21.0%$1,236$2,31001885Lawrence, MA-NH HUD Metro FMR Area——$2,470

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Massachusetts research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 01845?

ZIP 01845 (Lawrence, MA-NH HUD Metro FMR Area) has 31,881 residents, 11,521 households, a renter share of 30.1%, median household income of $134,319, and ACS 2023 median gross rent of $2,113. Vacancy is 4.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 01845?

ACS counts 619 units in 2-unit buildings, 582 in 3–4 unit buildings, 871 in 5–9, 770 in 10–19, and 426 in 20–49. Combined 2–49 unit stock is 3,268 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 01845?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $3,010. See the full schedule and 90–110% payment-standard band on the ZIP 01845 — North Andover, MA HUD Section 8 Payment Standards / SAFMR.

Does this Massachusetts ZIP profile include Georgia listings?

No. ZIP 01845 is Census / HUD research for Lawrence, MA-NH HUD Metro FMR Area. Jeff Crowe CRE does not list Massachusetts property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.