The story of this market
The typical home in ZIP 01844 sells for about $590,000, or $390 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 41 days to sell. HUD's fair market rent for a two-bedroom is $2,400 a month.
ZIP 01844 — Methuen
The 01844 housing market shows resilience with a median sale price of $590,000 and a competitive sale-to-list ratio of 101%. Low inventory levels continue to drive price appreciation, though the pace of growth has stabilized compared to previous quarters. Buyers remain active, particularly for well-priced single-family homes, despite broader economic headwinds.
This ZIP is well-suited for families and commuters seeking a balance between suburban living and access to major regional employment hubs in the Merrimack Valley.
Median prices moved up 4.2% year over year.
Homes spend a median of 41 days on market with 2.8 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 101% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 9.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 01844, Essex County, MA
Crime rates in Methuen are generally considered moderate, with property crime being the primary concern; the area compares favorably to larger urban centers in the Merrimack Valley.
The area is served by Methuen Public Schools, which generally maintain average performance ratings within the state of Massachusetts.
The region faces moderate risks from winter storms and occasional flooding near the Merrimack River, with standard insurance requirements for flood zones.
Economic momentum is driven by its proximity to the Boston-Cambridge-Newton metro area and local retail/service sector expansion along the Riverside corridor.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Massachusetts) — Massachusetts Local Property Tax: Ad valorem tax calculated as (Municipal Budget / Total Assessed Value of all taxable property) = Tax Rate per $1,000 of assessed value. Assessments must be at 100% of full and fair cash (market) value.
Commuters primarily utilize I-93 and I-495 for access to the Greater Boston employment core, with average commute times reflecting regional traffic patterns.
The area features access to the Merrimack River, various local parks like Greycourt Park, and proximity to regional shopping centers and golf courses.
The rental market is characterized by high demand for 2-bedroom units, with low vacancy rates and steady rent growth driven by regional housing shortages.
The local economy is anchored by healthcare, retail, and manufacturing sectors, with significant employment ties to the broader Merrimack Valley region.
The area is served by major highway corridors including I-93 and I-495, facilitating regional transit.
Development is focused on mixed-use projects and residential density increases near the city center.
The City of Methuen Assessor's office manages property valuations with periodic revaluations to ensure market alignment.
Parcels are subject to municipal taxes and standard school district levies; no major MUD/PID districts are prevalent.
Property insurance premiums are stable but reflect regional risks associated with winter weather and flood zones.
Net domestic migration is stable, with a steady influx of residents from the Greater Boston area.
Massachusetts is a judicial foreclosure state, requiring court oversight for the foreclosure process.
Sellers are required to provide a property disclosure statement regarding the condition of the home.
Data retrieved from data.census.gov ZCTA 01844 profile.
- Canobie Lake Park4.55.1 mi
- Kimball Farm Westford4.617.8 mi
- K1 Speed Boston-Wilmington4.212 mi
- Dave & Buster's Woburn4.115.9 mi
- Nova Adventure Park4.518.2 mi
- Canobie Lake Park4.55.1 mi
- Tsongas Center4.57.7 mi
- Cider Hill Farm4.717.4 mi
- The Brook4.219.2 mi
- Topsfield Fairgrounds4.314.9 mi
- Canobie Lake Park4.55.1 mi
- AMC Methuen 204.32.7 mi
- K1 Speed Boston-Wilmington4.212 mi
- Cinemark Rockingham Park and XD4.73.4 mi
- Showcase Cinema de Lux Lowell4.410.1 mi
- Louisa May Alcott's Orchard House4.719.7 mi
- North Bridge4.819.4 mi
- America's Stonehenge4.48 mi
- Concord Museum4.619.9 mi
- CAMP, A Family Experience Store416.9 mi
- Benson Park4.810.5 mi
- Harold Parker State Forest4.79.5 mi
- Ipswich River Park4.712.4 mi
- Friendship Park4.812.7 mi
- Griffin Park4.85.8 mi
- Crescent Yacht Club4.47.4 mi
- Pheasant Lane Mall4.312 mi
- The Mall at Rockingham Park4.43.1 mi
- Tuscan Village4.43.2 mi
- Kohl's4.110.5 mi
- Boston Logan International Airport4.126.9 mi
- Manchester-Boston Regional Airport4.618.2 mi
- Park Shuttle & Fly4.525.2 mi
- The Lounge3.426.6 mi
- DaCoopas Pizza4.125.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic park featuring walking paths and community events.
Provides recreational opportunities including fishing and boating access.
Major regional shopping and dining destination.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.