ZIP 02150 · Chelsea, Massachusetts

Population

39,908 people call ZIP 02150 home.

39,908

people.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Rent

Median rent is up 68% since the 2010–2014 survey, before inflation.

$1,956

a month. Massachusetts's median is $1,762.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

Room to build

The median rent is above what local wages can carry.

$1,181–$1,771

is the monthly rent range local workforce wages support.

• $1,956 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

Most of the housing here is older than 2000.

• 81% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Units needed

Closing the gap would add 1% to the 14,165 homes here.

123–159

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 12% less than Massachusetts's.

$493,500

median home value in ZIP 02150.

• $493,500 ZIP 02150
• $562,100 Massachusetts
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year