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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Danvers, MA Real Estate Market

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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Danvers, MA Housing Market Trends

With a population of 27,781, 11,147 total housing units (homes and apartments), and a median house value of $757,467, real estate costs in Danvers 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 Danvers, accounting for 57.94% of the town's housing units. Other types of housing that are prevalent in Danvers include large apartment complexes or high rise apartments ( 24.05%), duplexes, homes converted to apartments or other small apartment buildings ( 10.53%), and a few row houses and other attached homes ( 6.25%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Danvers. Owner-occupied housing accounts for 68.01% of Danvers's homes, and 52.51% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Danvers's housing was primarily built during this period, from the '40s through the '60s. A full 37.66% of the town's housing hails from this era. Other housing ages represented in Danvers include homes built between 1970-1999 ( 25.40%) and housing constructed before 1939 ( 25.32%). There's also some housing in Danvers built between 2000 and later ( 11.62%).

Danvers Home Appreciation Rates

Real estate appreciation rates in Danvers's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.46% during the period.

Over the last year, Danvers appreciation rates have trailed the rest of the nation. In the last twelve months, Danvers's appreciation rate has been 7.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Danvers were at 1.31%, which equates to an annual appreciation rate of 5.35%.

Relative to Massachusetts, our data show that Danvers's latest annual appreciation rate is lower than 80% 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 town. Individual neighborhoods within Danvers differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Danvers - 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 Danvers real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$757,467

Danvers, MA Home Prices
> $1,291,000
$968,001 - $1,291,000
$646,001 - $968,000
$516,001 - $646,000
$387,001 - $516,000
$259,001 - $387,000
$129,001 - $259,000
$65,001 - $129,000
$0 - $65,000
2.5%
2.5%
18.4%
18.4%
44.5%
44.5%
21.7%
21.7%
7.1%
7.1%
2.5%
2.5%
1.7%
1.7%
0.3%
0.3%
1.3%
1.3%
0% 100.0%
% of Homes
High

for Massachusetts

Very High

for nation

Number of Homes And Apartments:

11,147

Danvers Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,438 / per month

Homeownership Rate

Owners
Renters
68.0%
68.0%
32.0%
32.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.5%
3.5%
96.5%
96.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.6%
11.6%
25.4%
25.4%
37.7%
37.7%
25.3%
25.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.9%
57.9%
6.2%
6.2%
10.5%
10.5%
24.0%
24.0%
1.0%
1.0%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.6%
2.6%
13.4%
13.4%
26.3%
26.3%
31.9%
31.9%
20.6%
20.6%
5.2%
5.2%
0% 100.0%
% of Homes