Danvers, Massachusetts.
Typical home $726,504 (+2.0% in a year), asking rent $2,825 (+2.0%). Boston-Cambridge-Newton, MA-NH metro.
to buy the typical home at today's mortgage rate — +$2,034 (+114%) since Jan 2020.
- 1 year
- Up $14,576 +2%
- $711,928$726,504 since Sep 2025
- 5 years
- Up $138,473 +24%
- $588,031$726,504 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Danvers$3,813
- Massachusetts$3,439
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in Danvers, MA rose 2.0% over the past year — faster than the nation's +1.2%.
Asking rents in Danvers, MA rose 2.0% over the past year — slower than the nation's +2.7%.
Owning the typical home in Danvers runs $2,395/mo more than renting one. The gap peaked at $2,449 in Oct 2023.
That is $5,220 a month against $2,825 rent: a $3,813 mortgage payment, plus $629 property tax and $778 insurance & upkeep.
Owning vs renting — Danvers
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$5,220
- Renting$2,825
- Mortgage only$3,813
Property tax · $629/mo 1.04% of value a year — the ACS 2020-2024 median bill over the median home value for Essex County, MA
Insurance & upkeep · $778/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Danvers, Essex County, Massachusetts
Danvers, in Essex County, had 28,087 people in the 2020 census. Half its households earn more than $125,395 a year and half less, against $101,883 across Essex County; 5% of its people live below the poverty line. 69% of its homes are lived in by their owners and 31% are rented. Unemployment in Essex County was 4.6% in August 2026, and the county had 0.9% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 24 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Danvers is a community on the North Shore of Massachusetts, in Essex County, where residents tend to be older than in much of the country and most homes are lived in by their owners. Household incomes run higher than across the county, and fewer people live below the poverty line than you might expect in an area with homes this costly. Winters are cold and snowy, with January the coldest month, while July brings warm summer days, and rain and melted snow fall steadily through the year.
Work. Many residents work in schools, hospitals and social care, followed by professional and business services, manufacturing and shops. Some of the largest workplaces in Danvers are Johnson & Johnson, which makes surgical instruments, North Shore Community College, and Cell Signaling Technology, a biotechnology laboratory. Commutes are fairly long, and a good number of people work from home. A large share of adults hold a four-year degree.
Things to do. Boston is a longer drive away and holds most of the best-known sights. Among them are the Museum of Fine Arts Boston, an art museum, and Fenway Park, the baseball stadium. For a day outdoors, the Merrimack River is also a longer drive away, and it suits a quiet stretch along the water.
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- 11,005households
- 48%of adults have a degree
- 5%below the poverty line
- 28 mintypical commute
- 19%work from home
What residents work in
Employed residents by industry, from the Census survey. Essex County had 326,688 jobs in 2025, 0.9% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 36° and lows near 20°; warmest in July, with highs near 82° and lows near 62°. About 45 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Beverly Municipal Airport weather station, 2 miles away (NOAA).
Largest workplaces in Danvers
- Johnson JohnsonSurgical medical instruments3,110
- Millipore Sigma 17 Cherry Hill Drive DanversInstruments, mechanical microsurgical, manufacturing925
- North Shore Community CollegeTwo-year college786
- Danvers SchoolsSchool district501FTE
- Demoulas Super Markets484
- Cell Signaling Technology, Inc - DanversBiotechnology research and development laboratories or services in health sciences425
- Essex North Shore Agricultural & Techincal SchoolSecondary schools offering both academic and technical courses393
- Recovery Centers of AmericaAlcoholism rehabilitation hospitals301
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 39 workplaces with 20 or more staff, 8,547 people in all. Colleges come from IPEDS (NCES, 2023–24) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HurricanesRelatively moderate
- Ice stormsRelatively moderate
- Inland floodingRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Danvers’ census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Essex County and the Boston-Cambridge-Newton, MA-NH metro.
Danvers home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Danvers$726,504
- Massachusetts$655,219
- United States$366,157
Sellers are cutting prices on about 1 in 5 Danvers listings, and the typical home goes pending in 12 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Danvers21.55%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Danvers12
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Danvers53
New listings per month
Sellers arriving at the market.
- Danvers27
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Danvers$650,116
- United States$371,407
Zip codes with a Danvers address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Danvers — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.