Danvers, MA—01923
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Danvers, MA
As of Oct '25, the median home price in Danvers, MA is $719,000, with a year-over-year change of 2.6%. This indicates that home prices in Danvers, MA are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $719,000 | 2.6% |
| Single Family | $760,000 | 2.7% |
| Condos | $517,000 | 3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $306,000 | 1.0% |
2 Bed | $561,000 | 3.7% |
3 Bed | $716,000 | 2.6% |
4 Bed | $858,000 | 2.9% |
| 5 Bed | $951,000 | 2.9% |
% of Housing Stock
Rental Trends — Danvers, MA
As of July '25, Rentcast reports the average rent in Danvers, MA is $2,860, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Danvers, MA is studios: $1,830, 1-bedrooms: $2,530, 2-bedrooms: $3,030, 3-bedrooms: $3,700, 4-bedrooms: $3,930. The most common rental property sizes in Danvers, MA are 2-bedroom and 1-bedroom, accounting for 42.3% and 32.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,840 | $2,860 |
| Studio Rent | $1,900 | $1,830 |
| 1 Bed Rent | $2,570 | $2,530 |
| 2 Bed Rent | $3,140 | $3,030 |
| 3 Bed Rent | $3,200 | $3,700 |
| 4 Bed Rent | $4,000 | $3,930 |
% of Rental Stock
Property Listings — Danvers, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Danvers, MA is 30. This is a increase of 51.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $650,000 | -1.0% |
Listing Count | 35 | 32.0% |
| Listings as % of Homes | 0.2% | 32.0% |
Days on Market | 30 | 51.0% |
Demographics — Danvers, MA
As of the latest ACS Survey released in 2023, Danvers, MA has a population of 27,800, which has increased by 1.2% over the past 5 years. Danvers, MA is a moderately popular place for families, as children make up 16.9% of the population. The area has a highly educated workforce, with 47.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,800 | 1.2% |
% Under 18 | 16.9% | -16.3% |
% Seniors | 22.2% | 3.7% |
% WFH | 17.5% | 360.5% |
% w/ College Degree | 47.0% | 10.8% |
As of the latest ACS Survey released in 2023, Danvers, MA is a predominantly white area, with 88.2% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Danvers, MA is hispanic, making up 4.8% of the population. Foreign-born residents account for 8.9% of the population in Danvers, MA, and this percentage has increased by 1.1% 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 | 88.2% | -2.9% |
% Black | 2.7% | 58.8% |
% Hispanic | 4.8% | 26.3% |
% Asian | 1.9% | 5.6% |
% Foreign Born | 8.9% | 1.1% |
Mortgage and Risk — Danvers, MA
According to HUD data as of 2023, there were 490 mortgage originations in Danvers, MA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Danvers, MA. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 490 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Danvers, MA
As of 2024, the percent of homes in Danvers, MA under the Section 8 program is 8.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Danvers, 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 | 393 |
Total Units Section 8 | 281 |
% Rentals under Section 8 | 8.1% |
% Occupied Section 8 | 91.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$360 | $2,570 | $2,210 |
| 2 Bedroom | -$520 | $3,140 | $2,620 |
| 3 Bedroom | -$40 | $3,200 | $3,160 |
| 4 Bedroom | -$530 | $4,000 | $3,470 |
Affordability — Danvers, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $719,000 |
| Median Household Income | $117,000 |