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Danvers, MA

Full City Profile · Massachusetts · Essex County County

3.5 /5.0
B+ Good
27,924 Population 2,103/sq mi density
$117,072 Median Income $55,039 per capita
$611,200 Home Value $712,277 Zillow
$2,004 Median Rent 32.0% income on rent
50°F Avg Temperature 246 sunny days/yr
141 Violent Crime/100K 1,290 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$117,072 median income, 4.0% unemployment
B+
Affordability
3.7 / 5.0
$611,200 home value, $2,004/mo rent
F
Safety
1.0 / 5.0
141 violent crimes/100K
A+
Education
4.7 / 5.0
46.8% bachelor's degree or higher

Housing Overview

Median Home Value
$611,200
117% above
US avg: $281,900
Median Rent
$2,004/mo
72% above
US avg: $1,163/mo
Homeownership Rate
68.9%
5% above US avg (65.4%)
Total Housing Units
11,553
Median year built: 1964

Home Value by Source

Census Median
$611,200
Zillow (ZHVI)
$712,277
Median Sale Price
$490,000
Median List Price
$639,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

68.9%
Owner-Occupied
31.1%
Renter-Occupied
69%
31%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,727/mo
1 Bedroom
$1,822/mo
2 Bedroom
$2,300/mo
3 Bedroom
$2,858/mo
4 Bedroom
$3,232/mo
Census median rent: $2,004/mo · Zillow rent: $2,782/mo

Market Indicators (Redfin)

Median Days on Market
14 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
7
Price Drops
11.1%
of listings with price reduction
Price Per Sq Ft
$403
Active Inventory
18
homes for sale

Affordability & Housing Stock

Rent Burden
32.0%
of renters spending 30%+ of income on housing
3% above US avg (31.0%)
Median Year Built
1964
Average age of housing stock: 62 years
Homeownership Rate
68.9%

Complete Housing Data

Home Values

Census Median Value$611,200
Zillow Home Value (ZHVI)$712,277
Median Sale Price$490,000
Median List Price$639,000
Price Per Sq Ft$403

Rent

Census Median Rent$2,004
Zillow Rent (ZORI)$2,782
FMR Studio$1,727
FMR 1-Bedroom$1,822
FMR 2-Bedroom$2,300
FMR 3-Bedroom$2,858
FMR 4-Bedroom$3,232

Market

Days on Market14
Sale-to-List Ratio1.0%
Price Drops11.1%
Homes Sold7
Active Inventory18
Price Per Sq Ft$403

Ownership & Stock

Owner-Occupied68.9%
Renter-Occupied31.1%
Homeownership Rate68.9%
Total Housing Units11,553
Median Year Built1964
Rent Burden32.0%