Home Values in Everett, MA
The average home price in Everett, MA is approximately $575,000 (median), with homes trading at $405/sqft. Home values in Everett have appreciated at roughly 6.8% per year, reflecting strong ongoing demand from buyers prioritizing schools and commute access.
Census estimated median home value: $558K (ACS 2022 5-year). Current market prices typically run higher due to post-2022 appreciation.
✨The Vibe
Dense, diverse city transforming with Encore Casino and waterfront development
What It's Really Like
Everett is raw and real—Encore Casino brought billions in investment, waterfront is transforming, and you're 10 minutes from Boston. Schools lag but potential is huge.
Best For
- ✓Investors betting on gentrification
- ✓First-time buyers needing affordability near Boston
- ✓Those who embrace urban density and change
- ✓Commuters wanting quick city access
Avoid If
- ✗You need top schools now
- ✗You want suburban quiet
- ✗You're risk-averse on real estate
🌟Highlights
Insider Tips
- 💡Areas near casino seeing most investment and change
- 💡Silver Line bus connects to downtown quickly
- 💡High-risk, high-reward investment play—not for families yet
Demographics
Source: Census ACS 2023 5-year estimates
Economic Profile
Religious Community
Housing Stock Age
High Insurance Risk
Everett has a high concentration of pre-1940 homes (10%). Insurance premiums may be significantly higher ($2,800-$4,000+/year) and some carriers may decline coverage. Budget for potential remediation costs (knob-and-tube wiring, asbestos, lead paint).
Insurance Cost Calculator
Estimate your annual homeowners insurance premium
Leave blank to use town median (1926)
30-Year Mortgage Impact
Total insurance cost over 30-year mortgage (equivalent to 0.6% of home value)
Age Penalty
This home costs $1,714 more per year to insure than a newly built home. Over 30 years, that's $51,420 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
- Shop quotes from 5-6 carriers (rates vary significantly)
- Ask about claims-free discount (5-year history)
* 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
Resources & Research
School Information
Compare 48 high schools by SAT scores, MCAS proficiency & college enrollment
Market Analysis
Break-even math, SALT cap impacts & decision framework for Boston buyers