Beverly, MA


Highest Appreciating Beverly Neighborhoods Since 2000

Beverly, MA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Beverly Housing Market Information

With 41,186 people, 16,113 houses or apartments, and a median cost of homes of $467,874, real estate costs in Beverly are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Beverly, accounting for 52.45% of the city's housing units. Other types of housing that are prevalent in Beverly include large apartment complexes or high rise apartments ( 24.85%), duplexes, homes converted to apartments or other small apartment buildings ( 19.58%), and a few row houses and other attached homes ( 3.12%).

The most prevalent building size and type in Beverly are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.14% owning and 43.86% renting.

The housing in Beverly was primarily built before 1939 ( 41.60%), making the housing stock in Beverly some of the oldest overall in America, although there is a range of ages of homes in Beverly. The next most important housing age is between 1940-1969 ( 30.87%), followed by between 1970-1999 ( 23.21%). There's also some housing in Beverly built between 2000 and later ( 4.31%).

Beverly Home Appreciation Rates

Appreciation rates for homes in Beverly have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.53%, which ranks in the top 40% nationwide. This equates to an annual average Beverly house appreciation rate of 0.63%.

Appreciation rates are so strong in Beverly that despite a nationwide downturn in the housing market, Beverly real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Beverly appreciation rates continue to be some of the highest in America, at 5.65%, which is higher than appreciation rates in 70.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Beverly. Beverly appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

Relative to Massachusetts, our data show that Beverly's latest annual appreciation rate is higher than 70% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Beverly differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beverly - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Beverly real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,166,000 3.1
$875,001 - $1,166,000 3.2
$583,001 - $875,000 14.6
$467,001 - $583,000 17.1
$350,001 - $467,000 35.7
$233,001 - $350,000 17.4
$117,001 - $233,000 5.2
$58,001 - $117,000 0.6
$0 - $58,000 3.0

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
6.82057892886441 27.5641025641026

Number Of Homes And Apartments:

Beverly Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
50.51% 2.40% 6 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,744 / per month

Homeownership Rate

Owners 56.14
Renters 43.86
Vacant 5.16

Housing Market Details


Age of Homes

2000 or Newer 4.3
1970 - 1999 23.2
1940 - 1969 30.9
1939 or Older 41.6

Types of Homes

Single-Family 52.5
Townhomes 3.1
Small Apt. Buildings 19.6
Apt. Complexes 24.9
Mobile Homes 0.0
Other 0.0

Home Size

No Bedroom 2.64
1 Bedroom 19.24
2 Bedrooms 25.71
3 Bedrooms 33.96
4 Bedrooms 14.20
5 or more bedrooms 4.24