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 2013-17, the homeownership rate in Essex County was 64%, level since 2000 and on par with the national rate and lower than the state rate. Although the rate in Essex County has remained steady overall, homeownership rates varied greatly among local communities. Some of the lowest rates were in the cities of Lawrence (28%), Lynn (44%) and Salem (51%). The highest rates were in the towns of Boxford (97%), Topsfield (95%) and West Newbury (93%).

How do we compare to similar counties?

Essex County's homeownership rate in 2013-17 was similar with Middlesex, MA and Westchester, NY, but lower than Lake, IL, at 73%. Similar to Essex, rates in Middlesex and Westchester changed little since 2000, while Lake, IL dropped 5 percentage points.

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. However, because the information came from a survey, the samples responding to the survey were not always large enough to produce reliable results, especially in small geographic areas.

CGR has noted on data tables the estimates with relatively large margins of error. Estimates with three asterisks have the largest margins, plus or minus 50% or more of the estimate. Two asterisks mean plus or minus 35%-50%, and one asterisk means plus or minus 20%-35%. For all estimates, the confidence level is 90%, meaning there is 90% probability the true value (if the whole population were surveyed) would be within the margin of error (or confidence interval). Data for this indicator are released annually in December.

Homeownership Rate
20002008-122013-17
Essex County, MA64%64%64%
Amesbury74%70%
Beverly60%62%61%
Gloucester60%65%64%
Haverhill60%63%59%
Lawrence32%32%28%
Lynn46%47%44%
Methuen72%72%71%
Newburyport67%72%76%
Peabody71%64%65%
Salem49%49%51%
Andover79%81%80%
Boxford97%98%97%
Danvers77%71%70%
Essex70%64%80%
Georgetown86%85%80%
Groveland86%88%84%
Hamilton82%76%82%
Ipswich73%77%74%
Lynnfield94%89%88%
Manchester71%72%70%
Marblehead75%79%80%
Merrimac83%83%89%
Middleton86%87%86%
Nahant68%68%71%
Newbury81%79%83%
North Andover73%75%74%
Rockport64%70%71%
Rowley77%78%84%
Salisbury69%78%76%
Saugus80%77%81%
Swampscott77%77%78%
Topsfield89%92%95%
Wenham85%91%90%
West Newbury93%88%93%
Middlesex County, MA62%63%63%
Lake County, IL78%77%73%
Westchester County, NY60%62%62%
Massachusetts62%63%62%

Source: U.S. Census Bureau
Notes: Multiyear results are from rolling American Community Survey. * Margin of error between 20% & 35% of estimate; ** margin of error between 35% & 50%; *** margin of error greater than 50%.




Number of Owner-occupied Housing Units
20002008-122013-17
Essex County, MA175,022183,078186,007
Amesbury4,9854,921
Beverly9,4569,5959,967
Gloucester7,5247,9238,246
Haverhill13,83815,11014,286
Lawrence7,8698,4577,330
Lynn15,31515,69014,670
Methuen11,89212,71612,549
Newburyport5,0265,3815,957
Peabody13,23113,63113,854
Salem8,5948,7209,277
Andover8,8919,8149,846
Boxford2,4962,6802,637
Danvers7,3707,3017,440
Essex9189101,149
Georgetown2,2162,3822,621
Groveland1,7762,0911,967
Hamilton2,1881,9802,197
Ipswich3,8574,2434,176
Lynnfield3,9483,6273,979
Manchester1,5361,4381,481
Marblehead6,4346,2296,621
Merrimac1,8502,0242,382
Middleton1,9742,2752,583
Nahant1,1101,0811,126
Newbury2,0252,0312,350
North Andover7,0737,6828,225
Rockport2,2442,1772,286
Rowley1,5091,7541,826
Salisbury2,1142,6482,722
Saugus7,9427,7378,242
Swampscott4,3784,3524,252
Topsfield1,8671,9362,120
Wenham1,0961,1911,236
West Newbury1,2941,2871,486
Middlesex County, MA346,591366,125371,697
Lake County, IL168,293184,999179,525
Westchester County, NY202,765214,097212,731
Massachusetts1,508,2481,595,9591,612,329

Source: U.S. Census Bureau
Notes: Multiyear results are from rolling American Community Survey. * Margin of error between 20% & 35% of estimate; ** margin of error between 35% & 50%; *** margin of error greater than 50%.




INDICATORS TREND | ESSEX COUNTY