Market Overview
Home Prices in Danvers, MA
The median home value in Danvers, MA is $749,371 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.8% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Danvers are priced83% above average. Danvers is part of the Boston-Cambridge-Newton, MA-NH metro area.
Over the past five years, Danvers home values have risen by approximately22.8%, reflecting strong long-term appreciation in this market.
Price History
Danvers Home Price Trend
City Comparison
Danvers vs. National Median
At $749,371, homes in Danvers cost 83% above the national median of $410,000. Buyers in Danvers should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Danvers?
20% Down Payment
$149,874
on $749,371
Monthly P&I
$3,908/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,963/mo
incl. taxes & insurance
Income Needed
$198,520
gross annual (30% rule)
10% Down Option
$74,937
+ PMI applies
Loan Amount (20% dn)
$599,497
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Danvers, MA?
The median home value in Danvers is $749,371 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.8% year-over-year.
How much have home prices changed in Danvers?
Over the past year, home values in Danvers have increased by 1.8%. Over five years, prices have risen approximately 22.8%.
How much do I need to earn to buy a home in Danvers?
To comfortably afford the median home price of $749,371 with a 20% down payment ($149,874) at today's rates (6.8%), you'd need a gross annual income of approximately $198,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Danvers compare to the national average home price?
The national median home value is approximately $410,000. At $749,371, homes in Danvers are 83% above the national average.
What metro area is Danvers part of?
Danvers is part of the Boston-Cambridge-Newton, MA-NH metropolitan area. Home prices and market conditions can vary across the broader metro region.