Home prices
The median home in Danvers is valued at $427,400. Compared to nearby areas it is about $80,200 (15%) lower.In comparison to the entire nation it is roughly $209,900 (96%) higher, and is roughly $105,300 (19%) lower in comparison to the city of Boston.
Rents
Danvers's median monthly rent is $1,398. Compared to its surrounding areas it is approximately $39 (2%) lower.In comparison to the rest of the country it is roughly $336 (31%) higher, and it is approximately $222 (13%) lower compared to the city of Boston.
Nearby places
Peabody
Peabody is Danvers's neighbor to the south. Real estate prices there are a little less expensive. The price of the median home in Peabody is $387,400, which works out to $40,000 (10%) lower than Danvers. Rents there are fairly similar. In Peabody the median monthly rent is $1,366, which works out to $32 (2%) lower than Danvers.
Beverly
Beverly is Danvers's neighbor to the east. The housing prices there are similar. The value of the median home in Beverly is $437,300, which works out to $9,900 (2%) higher than Danvers. Rents there are a bit less expensive. The median rent in Beverly is $1,282 a month, which comes out to $116 (9%) lower than Danvers.
Salem
Salem is Danvers's neighbor to the southeast. The housing prices there are a little less expensive. The median home in Salem costs $367,200, which comes out to $60,200 (16%) lower than Danvers. The rent there is somewhat less expensive. The median monthly rent in Salem is $1,289, which comes out to $109 (8%) lower than Danvers.
Lynnfield
Lynnfield is approximately 4 miles southwest from Danvers. The real estate prices there are a lot more expensive. The price of the median home in Lynnfield is $670,700, which works out to $243,300 (36%) higher than Danvers. Rents there are somewhat more expensive. The median rent in Lynnfield is $1,669 per month, which is $271 (16%) higher than Danvers.
Marblehead
Marblehead is roughly 6 miles southeast from Danvers. The real estate prices there are substantially more expensive. The median home in Marblehead is valued at $675,400, which is $248,000 (36%) higher than Danvers. The rent there is a little more expensive. Marblehead's median monthly rent is $1,578, which is $180 (11%) higher than Danvers.
