Market Overview
Home Prices in Danvers, MN
The median home value in Danvers, MN is $390,422 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% compared to a year ago and up 4.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Danvers are priced5% below average.
Price History
Danvers Home Price Trend
2022
$310,624
$311K
—
2023
$321,007
$321K
+3.3%
2024
$351,967
$352K
+9.6%
2025
$369,254
$369K
+4.9%
2026
$390,422
$390K
+5.7%
City Comparison
Danvers vs. National Median
🏠 Danvers
$390,422
National Median
$410,000
At $390,422, homes in Danvers cost 5% below the national median of $410,000. This makes Danvers a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Danvers?
20% Down Payment
$78,084
on $390,422
Monthly P&I
$2,036/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,586/mo
incl. taxes & insurance
Income Needed
$103,440
gross annual (30% rule)
10% Down Option
$39,042
+ PMI applies
Loan Amount (20% dn)
$312,338
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, MN?
The median home value in Danvers is $390,422 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in Danvers?
Over the past year, home values in Danvers have increased by 5.7%.
How much do I need to earn to buy a home in Danvers?
To comfortably afford the median home price of $390,422 with a 20% down payment ($78,084) at today's rates (6.8%), you'd need a gross annual income of approximately $103,440. 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 $390,422, homes in Danvers are 5% below the national average.