Is Gloucester expensive?

Gloucester, MA

State	Massachusetts
Population	30,162
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Gloucester, MA

State

Population

30,162

Compared to other places in this area, Gloucester is a little less expensive, and it's substantially more expensive compared to the entire nation. It's a bit less expensive compared to the city of Boston.

Home prices

The median home cost in Gloucester is $425,400. Compared to the surrounding areas it is roughly $79,020 (15%) lower.It is about $207,900 (95%) higher in comparison to the rest of the nation, and compared to the city of Boston is about $107,300 (20%) lower.

Marblehead

Rockport

Boston

Beverly

Danvers

Gloucester

Ipswich

United States

Comparison of median Gloucester home price to nearby areas

Distribution of home prices for Gloucester and nearby areas

Rents

Gloucester's median rent is $1,185 per month. In comparison to the surrounding areas this is about $155 (11%) lower.It is roughly $123 (11%) higher compared to the United States as a whole, and is roughly $435 (26%) lower in comparison to the city of Boston.

Boston

Marblehead

Danvers

Rockport

Beverly

Gloucester

Ipswich

United States

Comparison of median Gloucester rent to nearby areas

Distribution of rents for Gloucester and nearby areas

Nearby places

Rockport

Rockport is Gloucester's neighbor to the east. Its housing prices are a bit more expensive. Rockport's median home cost is $563,900, which is $138,500 (24%) higher than Gloucester. Rents there are somewhat more expensive. Rockport's median monthly rent is $1,352, which comes out to $167 (12%) higher than Gloucester.

Ipswich

Ipswich is roughly 7 miles northwest from Gloucester. Its real estate prices are pretty similar. The median home price in Ipswich is $418,100, which comes out to $7,300 (1%) lower than Gloucester. The rent there is a little less expensive. In Ipswich the median rent is $1,090 a month, which comes out to $95 (8%) lower than Gloucester.

Beverly

Beverly is approximately 8 miles southwest of Gloucester. Its housing prices are fairly similar. The median home in Beverly is valued at $437,300, which works out to $11,900 (2%) higher than Gloucester. Its rents are somewhat more expensive. In Beverly the median monthly rent is $1,282, which works out to $97 (7%) higher than Gloucester.

Marblehead

Marblehead is about 11 miles southwest from Gloucester. Its real estate prices are substantially more expensive. The median home in Marblehead is valued at $675,400, which is $250,000 (37%) higher than Gloucester. Rent there is somewhat more expensive. The median monthly rent in Marblehead is $1,578, which works out to $393 (24%) higher than Gloucester.

Danvers

Danvers is about 11 miles west of Gloucester. The real estate prices there are pretty similar. The median home in Danvers is valued at $427,400, which is very similar to Gloucester. Its rents are a little more expensive. In Danvers the median monthly rent is $1,398, which is $213 (15%) higher than Gloucester.