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These days, finding an affordable place to live in the Danvers area can be challenging. Home prices in Danvers are now at a median cost of $670,470, higher than the Massachusetts average of $625,090.
The average cost of rent is $2,319/mo in Danvers, primarily driven by the current value of real estate in the Danvers area. In Danvers, 31.01% of households rent, and 30.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Danvers is $10,596 per month. Households that rent pay about 21.88% of their income on rent here. Danvers’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Peabody, MA: less expensive homes
- Beverly, MA: equally priced homes
- Middleton, MA: equally priced homes
- Wenham, MA: higher priced homes
- Salem, MA: less expensive homes
- Topsfield, MA: higher priced homes
- Lynnfield, MA: higher priced homes
- South Hamilton, MA: higher priced homes
- Marblehead, MA: higher priced homes
- Swampscott, MA: higher priced homes
Cities with Similar Populations
- Woodway, TX: less expensive homes
- Centereach, NY: less expensive homes
- Cave Spring, VA: less expensive homes
- Castaic, CA: higher priced homes
- Carbondale, IL: less expensive homes
- Corsicana, TX: less expensive homes
- Bristol, VA: less expensive homes
- Wilmette, IL: higher priced homes
- Kingsville, TX: less expensive homes
- Yabucoa, PR: less expensive homes
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