Beverly, MA—01915
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Beverly, MA
As of Oct '25, the median home price in Beverly, MA is $737,000, with a year-over-year change of 1.4%. This indicates that home prices in Beverly, MA are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $737,000 | 1.4% |
| Single Family | $767,000 | 1.2% |
| Condos | $472,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $379,000 | 1.3% |
2 Bed | $581,000 | 2.5% |
3 Bed | $724,000 | 1.4% |
4 Bed | $904,000 | 1.3% |
| 5 Bed | $1,256,000 | 2.9% |
% of Housing Stock
Rental Trends — Beverly, MA
As of July '25, Rentcast reports the average rent in Beverly, MA is $2,760, with a year-over-year rent change of 3.0%. Per bedroom, the median rent as of July '25 in Beverly, MA is studios: $1,960, 1-bedrooms: $2,380, 2-bedrooms: $2,880, 3-bedrooms: $3,820, 4-bedrooms: $5,400. The most common rental property sizes in Beverly, MA are 1-bedroom and 2-bedroom, accounting for 42.3% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,760 |
| Studio Rent | $1,960 | $1,960 |
| 1 Bed Rent | $2,320 | $2,380 |
| 2 Bed Rent | $2,700 | $2,880 |
| 3 Bed Rent | $3,400 | $3,820 |
| 4 Bed Rent | $3,800 | $5,400 |
% of Rental Stock
Property Listings — Beverly, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Beverly, MA is 31. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $778,000 | -5.0% |
Listing Count | 47 | 10.0% |
| Listings as % of Homes | 0.1% | 10.0% |
Days on Market | 31 | -21.0% |
Demographics — Beverly, MA
As of the latest ACS Survey released in 2023, Beverly, MA has a population of 41,700, which has remained stable by -0.2% over the past 5 years. Beverly, MA is a moderately popular place for families, as children make up 19.4% of the population. The area has a highly educated workforce, with 51.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,700 | -0.2% |
% Under 18 | 19.4% | 15.5% |
% Seniors | 18.1% | 4.6% |
% WFH | 19.5% | 230.5% |
% w/ College Degree | 51.4% | 3.8% |
As of the latest ACS Survey released in 2023, Beverly, MA is a predominantly white area, with 85.3% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Beverly, MA is hispanic, making up 5.7% of the population. Foreign-born residents account for 9.7% of the population in Beverly, MA, and this percentage has increased by 31.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.3% | -5.3% |
% Black | 2.7% | 35.0% |
% Hispanic | 5.7% | 26.7% |
% Asian | 2.4% | 33.3% |
% Foreign Born | 9.7% | 31.1% |
Mortgage and Risk — Beverly, MA
According to HUD data as of 2023, there were 593 mortgage originations in Beverly, MA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Beverly, MA. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 593 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Beverly, MA
As of 2024, the percent of homes in Beverly, MA under the Section 8 program is 15.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Beverly, MA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,360 |
Total Units Section 8 | 1,113 |
% Rentals under Section 8 | 15.4% |
% Occupied Section 8 | 88.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $2,320 | $2,180 |
| 2 Bedroom | -$120 | $2,700 | $2,580 |
| 3 Bedroom | -$290 | $3,400 | $3,110 |
| 4 Bedroom | -$380 | $3,800 | $3,420 |
Affordability — Beverly, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $737,000 |
| Median Household Income | $102,000 |