Median Price
$574,000
$366/sqft
Schools
5.9/10
Average
Appreciation
2.5/10
Growth Potential
Commute
35 min
to Boston
Live Market Snapshot
Loading…Recently Sold in Danvers
View all 51 sales$0
Curated Median
51
Total Sales on Record
$0–0
Price Range
Well Over Median
4bd5ba5,103 sqft
Invalid Date
Well Over Median
5bd3ba2,304 sqft
Invalid Date
Well Over Median
4bd2ba1,957 sqft
Invalid Date
Well Over Median
5bd3ba3,466 sqft
Invalid Date
Well Over Median
5bd4ba4,348 sqft
Invalid Date
Well Over Median
3bd4ba3,210 sqft
Invalid Date
What Drives Prices in Danvers
Full breakdownDecomposition of the $574,000 median price into its underlying components.
Land Value$117,131 (20%)
Structure & Quality$468,524 (82%)
School Premium-$5,857 (-1%)
Access & Commute Premium$57,980 (10%)
Prestige & Stability Premium-$63,778 (-11%)
1030
School Value Score
1160
Overall Value Score
The Danvers 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
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.
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
Who It's For
✓ Great 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)
⚠ Consider elsewhere 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)
Demographics
Population28,000
Median Age42
Median Household Income$95,000-$105,000
Work from Home17.4%
Professional Sector52.5%
Insider Tips
- 1.Route 1 traffic can be brutal during peak hours—factor commute time carefully
- 2.Liberty Tree Mall area offers best shopping/restaurant access in town
- 3.Historic downtown Danvers Square has character but limited retail
- 4.West Danvers area has larger lots but higher prices
- 5.School system is improving—check recent MCAS trends vs. historical
- 6.Property tax rate is moderate for North Shore ($12-13 per $1K)
- 7.Many homes are older (1950s-70s)—budget for updates
- 8.Commuter rail access via Beverly depot (5 min drive)
- 9.Growing diversity (particularly Brazilian and Portuguese communities)
- 10.Check flood zones—some areas near Crane River/floodplain