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Housing market/Massachusetts/ZIP 01938

ACS 2023 · FY2027 SAFMR

ZIP 01938 Ipswich, Massachusetts

Boston-Cambridge-Quincy, 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
13,820
Households
5,757
Median HH income
$124,405
Renter share
27.4%
Median gross rent
$1,525
Vacancy
8.2%
Pop. change
-0.6%
2BR SAFMR
$2,650
SAFMR / rent
1.738×
2–49 unit stock
1,579
LIHTC proj / units
2 / 118
HUD assisted MF
1 / 94

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 01938 · MA — sent to you.

ZIP 01938 · MA

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ACS rent vs 2BR SAFMR

ZIP 01938 — Ipswich, MA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,525
2BR SAFMR$2,650
90% floor$2,385
110% ceiling$2,915

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

Housing stock

ACS 2023 units-in-structure · ZCTA 01938

  • 1-unit detached3,82060.9%
  • 1-unit attached73211.7%
  • 2–4 units97015.5%
  • 5–49 units6099.7%
  • 50+ units1392.2%
TypeUnitsShare
1-unit detached3,82060.9%
1-unit attached73211.7%
2 units (duplex)3776.0%
3–4 units5939.5%
5–9 units3435.5%
10–19 units831.3%
20–49 units1832.9%
50+ units1392.2%
Mobile00.0%

2–4 unit share 15.5% · 5–49 unit share 9.7% · combined 2–49 25.2%.

Units by bedrooms

Studio
134
1BR
923
2BR
1,585
3BR
2,186
4BR
1,258
5+
184

Rent burden

Rent ≥30% of income51.9%
Rent ≥50% of income29.1%
  • ACS median gross rent $1,525 (all bedrooms, occupied rentals).
  • Median contract rent $1,398.
  • Renters paying ≥30% of income 51.9%; ≥50% 29.1%.
  • FY2027 2BR SAFMR $2,650 (1.738× ACS median gross rent).

Population

13,820 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -0.6%.

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

Assisted inventory

  • LIHTC: 2 projects, 118 units.
  • HUD project-based assisted MF: 1 properties, 94 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 01938 27.4% of occupied households are renters; vacancy is 8.2%; ACS median gross rent is $1,525; population changed -0.6% between the 2018 and 2023 ACS vintages; the housing stock includes 970 units in 2–4-unit structures and 609 units in 5–49-unit structures; 2 LIHTC projects totaling 118 units; FY2027 2BR SAFMR is $2,650 versus ACS median gross rent of $1,525. 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 01938 is a Census / HUD profile for Boston-Cambridge-Quincy, MA-NH, MA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 01938 — Ipswich, MA HUD Section 8 Payment Standards / SAFMR·Massachusetts ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
01464Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area17.7%$1,189$2,65001469Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area15.7%$1,121$2,65001474Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area17.3%$2,368$3,40001701Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area21.8%$1,973$2,82001702Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area65.7%$1,822$2,81001703Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area——$3,05001704Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area——$3,05001718Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area3.7%—$2,66001719Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area22.7%$1,816$2,65001720Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area24.6%$1,908$2,66001721Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area24.5%$2,334$3,34001731Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area100.0%$3,501$4,510

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 01938?

ZIP 01938 (Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area) has 13,820 residents, 5,757 households, a renter share of 27.4%, median household income of $124,405, and ACS 2023 median gross rent of $1,525. Vacancy is 8.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 01938?

ACS counts 377 units in 2-unit buildings, 593 in 3–4 unit buildings, 343 in 5–9, 83 in 10–19, and 183 in 20–49. Combined 2–49 unit stock is 1,579 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 01938?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,650. See the full schedule and 90–110% payment-standard band on the ZIP 01938 — Ipswich, MA HUD Section 8 Payment Standards / SAFMR.

Does this Massachusetts ZIP profile include Georgia listings?

No. ZIP 01938 is Census / HUD research for Boston-Cambridge-Quincy, 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.