🏭

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

Economic Profile

Remote Work
17.4%
work from home
Professional Workers
52.5%
knowledge economy
Broadband Access
93.7%
digital infrastructure
Median Commute
28 min
to work
Rental Cost Burden
47.3%
pay >30% on rent
Homeownership
70.1%
owner-occupied
Poverty Rate
4.3%
below poverty line
Unemployment
4.9%
of labor force
Median Home Value
$590K
Census estimate
Data source: Census ACS 2022 5-year

Religious Community

Places of Worship
9
Churches
9
Historical Context: Oldest establishment dates to 16724 established before 1900
Data Source: MassGIS 2025 (Updated 2025-02-03)

Housing Stock Age

Median Year Built
1962
63 years old
Pre-1940 Construction
4.9%
Lower risk
Post-2000 Construction
20.7%
Modern housing stock
Est. Annual Insurance
$2,200
Based on housing age

Moderate Insurance Risk

Median home built in 1962. Insurance premiums estimated at $2,200/year. Some older homes may require system updates (electrical, plumbing, HVAC).

Insurance Cost Calculator

Estimate your annual homeowners insurance premium

$312,500$625,000$1,250,000

Leave blank to use town median (1962)

Annual Premium
$2,200
$183/month
vs. State Average
+10%
MA avg: $2,008/year
Risk Category
HIGH
Based on home age

30-Year Mortgage Impact

$66,000

Total insurance cost over 30-year mortgage (equivalent to 0.4% of home value)

Age Penalty

This home costs $589 more per year to insure than a newly built home. Over 30 years, that's $17,670 in additional insurance costs.

Ways to Lower Your Premium

  • Bundle home + auto insurance with same carrier (10-25% discount)
  • Increase deductible from $500 to $2,500 (save 15-30%)
  • Install monitored security system (5-20% discount)
  • Update electrical panel and remove knob-and-tube wiring
  • Replace roof with impact-resistant materials (save 5-15%)
  • Upgrade plumbing to PEX or copper
  • Complete full home inspection and address major issues
  • Consider MAPFRE or Chubb for historic home coverage

* Estimates based on Massachusetts state averages and typical underwriting criteria. Actual premiums vary by carrier, coverage limits, deductible, claims history, and credit score. For accurate quotes, contact a licensed insurance agent.

Construction Era Distribution

2020+
125 units
2010-2019
7.8%
920 units
2000-2009
12.7%
1,500 units
1990-1999
14.8%
1,750 units
1980-1989
16.1%
1,900 units
1970-1979
17.4%
2,050 units
1960-1969
15.7%
1,850 units
1950-1959
12.3%
1,450 units
1940-1949
5.8%
680 units
Pre-1940
575 units
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