BPN

🏭

Danvers

35 min to Boston
"Historic North Shore value—Route 1 corridor access with affordable family living"
Median Price
$625,000
$245/sqft
School Rating
7.3/10
Good
Appreciation
2.5%
per year
Commute
35 min
to downtown

Financing Considerations

Properties in Danvers typically typically qualify for conforming loans with more flexible underwriting standards.

Learn about loan thresholds, property condition impact, flood/wind insurance, and how vintage homes (common in many MA towns) affect mortgage approval.

✨The Vibe

North Shore working-class community transformed by Route 1 corridor growth—mix of historic colonial charm and practical modern living with strong community values

What It's Really Like

Danvers balances North Shore history (originally Salem Village, site of 1692 witch trials) with practical Route 1 corridor living. Median $625K pricing makes it one of the most affordable North Shore towns, with strong community character and reasonable schools. Trade-offs include car dependency, Route 1 traffic, and lower appreciation rates than premium suburbs. But for families who want North Shore access without Beverly/Peabody pricing, it offers compelling value.

Best For

  • ✓Route 1 corridor workers (Liberty Tree Mall, hotels, retail)
  • ✓First-time buyers seeking North Shore affordability
  • ✓Families prioritizing community over prestige
  • ✓Budget-conscious buyers who want proximity to Beverly/Peabody
  • ✓People who value historical character (Salem Village, 1692 witch trials site)

Avoid If

  • ✗You need elite schools (7.3/10 is solid but not exceptional)
  • ✗You want walkable urbanism (car-dependent Route 1 sprawl)
  • ✗You prioritize rapid appreciation (steady 2-3% annually)
  • ✗You need MBTA rapid transit (commuter rail only)

🌟Highlights

💰$625K median—most affordable North Shore option
📚7.3/10 school rating (solid, improving)
🚗Route 1 corridor access to jobs and amenities
🏛️Rich historical heritage (Salem Village)
👨‍👩‍👧‍👦Strong family community with local festivals
📈Steady 2-3% annual appreciation
🏥Proximity to Beverly/Peabody medical facilities
🛍️Liberty Tree Mall and retail corridor access

Insider Tips

  • 💡Route 1 traffic can be brutal during peak hours—factor commute time carefully
  • 💡Liberty Tree Mall area offers best shopping/restaurant access in town
  • 💡Historic downtown Danvers Square has character but limited retail
  • 💡West Danvers area has larger lots but higher prices
  • 💡School system is improving—check recent MCAS trends vs. historical
  • 💡Property tax rate is moderate for North Shore ($12-13 per $1K)
  • 💡Many homes are older (1950s-70s)—budget for updates
  • 💡Commuter rail access via Beverly depot (5 min drive)
  • 💡Growing diversity (particularly Brazilian and Portuguese communities)
  • 💡Check flood zones—some areas near Crane River/floodplain

Demographics

Population
28,000
Median Age
42
Median Income
$95,000-$105,000
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