BPN

🏗️

Everett

20 min to Boston
"Urban grit meets casino development and massive potential"
Median Price
$575,000
$405/sqft
School Rating
5.2/10
Good
Appreciation
6.8%
per year
Commute
20 min
to downtown

Financing Considerations

Properties in Everett 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

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

🎰Encore Boston Harbor casino and development
🌊Mystic River waterfront transformation underway
🚇New Orange Line station planned at casino
💰Most affordable option this close to Boston

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

Population
49,000
Median Age
36
Median Income
$68,000

Economic Profile

Remote Work
7.3%
work from home
Professional Workers
29.4%
knowledge economy
Broadband Access
92.0%
digital infrastructure
Median Commute
37 min
to work
Rental Cost Burden
51.6%
pay >30% on rent
Homeownership
35.8%
owner-occupied
Poverty Rate
14.4%
below poverty line
Unemployment
6.5%
of labor force
Median Home Value
$558K
Census estimate
Data source: Census ACS 2022 5-year

Religious Community

Places of Worship
9
Churches
7
Synagogues
1
Mosques
1
🌟 Multi-faith community with diverse religious traditions(Diversity Score: 62/100)
Historical Context: Oldest establishment dates to 1885• 3 established before 1900
Data Source: MassGIS 2025 (Updated 2025-02-03)

Housing Stock Age

Median Year Built
1926
99 years old
Pre-1940 Construction
10%
Lower risk
Post-2000 Construction
16.2%
Modern housing stock
Est. Annual Insurance
$3,500
Based on housing 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

$287,500$575,000$1,150,000

Leave blank to use town median (1926)

Annual Premium
$3,325
$277/month
vs. State Average
+66%
MA avg: $2,008/year
Risk Category
VERY HIGH
Based on home age

30-Year Mortgage Impact

$99,750

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

2020+
150 units
2010-2019
5.7%
1,050 units
2000-2009
9.5%
1,750 units
1990-1999
11.4%
2,100 units
1980-1989
12.7%
2,350 units
1970-1979
14.3%
2,650 units
1960-1969
15.4%
2,850 units
1950-1959
14.3%
2,650 units
1940-1949
11.4%
2,100 units
Pre-1940
10%
1,850 units
Loading transit information...

Resources & Research

School Information

Boston Area School Rankings →

Compare 48 high schools by SAT scores, MCAS proficiency & college enrollment

Market Analysis

Rent vs Buy Analysis 2025 →

Break-even math, SALT cap impacts & decision framework for Boston buyers

Insurance & Risk

MA Insurance Crisis Guide →

Why coastal & historic homes face coverage denials (+ FAIR Plan rules)

Home Buying Terms

Real Estate Glossary →

200+ terms explained: ARM, DTI, PMI, escrow, cap rate & more

View All Market Guides & Analysis →

Similar Neighborhoods

🌊

Watertown

$805,000

"Armenian food paradise that's secretly convenient to everything"

🍝

Medford

$823,500

"Italian grandmas and Tufts students living in harmony"

💼

Back Bay

$800,000

"Polished, upscale, classic Boston"

Ready to Find Your Perfect Property in Everett?

Get instant property analysis and neighborhood comparisons

Discover Your Perfect Boston Town

Popular Neighborhoods

Bedford•Lexington•Newton•Brookline•Winchester•Wellesley•Needham•Arlington•Cambridge•Dover•Weston•Westwood
Investment Analysis
School Research
Risk Assessment
Market Intelligence
Terms|Privacy|Disclaimers|Town Vibes|Contact

© 2025 Boston Property Navigator. All rights reserved.

For informational purposes only. Not professional real estate, financial, or legal advice.