Danvers, MA 01923 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Danvers, MA—01923

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$709,000

2.7% YoY Growth

Household Income

$117,000

38.0% YoY Growth

Days on Market

87.0% Longer YoY

Home Price Forecast

1.5%

Median Rent

$2,840

1.7% YoY Growth

1-Bed Rent

$2,570

5.9% YoY Growth

2-Bed Rent

$3,140

0.3% YoY Growth

3-Bed Rent

$3,200

2.1% YoY Growth

Home Price Trends — Danvers, MA

As of Dec '25, the median home price in Danvers, MA is $709,000, with a year-over-year change of 2.7%. This indicates that home prices in Danvers, MA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$709,000	2.7%
Single Family	$748,000	2.7%
Condos	$510,000	3.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

9.0%

1 Bedroom

32.4%

2 Bedrooms

42.3%

3 Bedrooms

12.5%

4 Bedrooms

3.7%

Property Listings — Danvers, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Danvers, MA is 42. This is a increase of 111.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$680,000	0.0%
Listing Count	24	60.0%
Listings as % of Homes	0.2%	60.0%
Days on Market	44	87.0%

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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%

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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%

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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%

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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

Danvers, MA—01923

Key Metrics at a Glance

Home Price Trends — Danvers, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Danvers, MA

% of Rental Stock

Property Listings — Danvers, MA

Demographics — Danvers, MA

Race and Ethnicity

Mortgage and Risk — Danvers, MA

Mortgages

Rentals and Section 8 — Danvers, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Danvers, MA

Home Price to Income Ratio

Danvers, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Hathorne

Peabody, MA

Topsfield, MA

Wenham, MA

Middleton, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.2
Median Home Price	$709,000
Median Household Income	$117,000

Danvers, MA—01923

Key Metrics at a Glance

Home Price Trends — Danvers, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Danvers, MA

% of Rental Stock

Property Listings — Danvers, MA

Demographics — Danvers, MA

Race and Ethnicity

Mortgage and Risk — Danvers, MA

Mortgages

Rentals and Section 8 — Danvers, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Danvers, MA

Home Price to Income Ratio

Danvers, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Hathorne

Peabody, MA

Topsfield, MA

Wenham, MA

Middleton, MA

Frequently Asked Questions

What is the average home price in Danvers, MA 01923?

How have home prices in Danvers, MA 01923 changed over the past year?

What is the home price projection for Danvers, MA 01923?

What are the demographics of Danvers, MA 01923?

How long does it take homes to sell in Danvers, MA 01923?

What is the average rent price in Danvers, MA 01923?