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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Beverly Housing Market Information

With 42,174 people, 16,687 houses or apartments, and a median cost of homes of $532,240, 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 51.43% of the city's housing units. Other types of housing that are prevalent in Beverly include large apartment complexes or high rise apartments ( 25.46%), duplexes, homes converted to apartments or other small apartment buildings ( 20.17%), and a few row houses and other attached homes ( 2.94%).

People in Beverly primarily live in small (one, two or no bedroom) single-family detached homes. Beverly has a mixture of owner-occupied and renter-occupied housing.

The housing in Beverly was primarily built before 1939 ( 40.87%), 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 ( 28.76%), followed by between 1970-1999 ( 24.47%). There's also some housing in Beverly built between 2000 and later ( 5.90%).

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 42.20%, which ranks in the top 30% nationwide. This equates to an annual average Beverly house appreciation rate of 3.58%.

Over the last year, Beverly appreciation rates have trailed the rest of the nation. In the last twelve months, Beverly's appreciation rate has been 3.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beverly were at 1.19%, which equates to an annual appreciation rate of 4.84%.

Relative to Massachusetts, our data show that Beverly's latest annual appreciation rate is lower than 60% 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

 
info

Median Home Value:
$532,240

Beverly, MA HOME PRICES

> $1,214,000
2.4%
2.4%
$910,001 - $1,214,000
5.2%
5.2%
$607,001 - $910,000
22.2%
22.2%
$486,001 - $607,000
22.3%
22.3%
$364,001 - $486,000
31.0%
31.0%
$243,001 - $364,000
11.1%
11.1%
$121,001 - $243,000
4.2%
4.2%
$61,001 - $121,000
0.1%
0.1%
$0 - $61,000
1.5%
1.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MA

Value Relative To Nation

Number Of Homes And Apartments:
16,687

Beverly Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
79.01% 2.85%
6
6
* 10 is highest

Rent & Ownership

 
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Average Market Rent:
$2,160 / per month

Homeownership Rate

Owners
56.3%
56.3%
Renters
43.7%
43.7%
Vacant
4.7%
4.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
5.9%
5.9%
1970 - 1999
24.5%
24.5%
1940 - 1969
28.8%
28.8%
1939 or Older
40.9%
40.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
51.4%
51.4%
Townhomes
2.9%
2.9%
Small Apt. Buildings
20.2%
20.2%
Apt. Complexes
25.5%
25.5%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.3%
4.3%
1 Bedroom
18.7%
18.7%
2 Bedrooms
25.5%
25.5%
3 Bedrooms
30.1%
30.1%
4 Bedrooms
16.8%
16.8%
5 or more bedrooms
4.6%
4.6%
0.0% 100.0%
% OF HOMES