Real Estate Investing in Danvers, Massachusetts (01923)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01923 (Danvers, MA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Danvers, MA (01923)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01923 Danvers
This part of Essex County is not an easy win. The 01923 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 01923 can be a a solid fit for hunting ground — but the discount at $745K reflects genuine risk that outside investors often underestimate.
ZIP 01923's metrics run below Essex County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
From a cash-flow lens, 27,778 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Danvers's stable or hybrid ZIPs before stepping into 01923. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Danvers:
Property Strategy for 01923
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $306,015 | $2,270 | 5.3% | +6.2% | $306,015 |
| 2BR | $561,078 | $2,690 | 3.5% | +6.9% | $280,539 |
| 3BR | $715,585 | $3,230 | 3.2% | +6.5% | $238,528 |
| 4BR | $858,335 | $3,560 | 3.0% | +6.9% | $214,584 |
| 5BR | $951,339 | — | — | +6.8% | $190,268 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01923 Compare?
| Metric | 01923 | Danvers | Massachusetts |
|---|---|---|---|
| Home Value | $744,676 | $744,676 | $645,115 |
| 5-Year CAGR | 4.7% | 4.7% | 7.0% |
| Avg Rent | $2,899 | $2,899 | - |
| Cap Rate | 3.0% | 3.0% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01923 (Danvers, MA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 01923 (Danvers, MA)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Essex County
Manage rentals here? List your business →MRS Property Management offers full-service property management and tenant placement for apartments, houses, and commercial rentals across the North Shore area and Southern New Hampshire. summary from their website
CNR Property Management provides expert property management and maintenance solutions. summary from their website
This domain is for sale for $2,295 or monthly payments. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $744,676 |
| Monthly Rent | $2,899 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 01923
Population: 27,778
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 01923
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Essex North Shore Agricultural and Technical School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,301 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What strategy should investors use in Danvers, MA?
Investors usually favor careful cash-flow rentals with hands-on management in Danvers, MA. With home values at $745K and rents near $2,899/mo, other strategies can work but produce consistent rather than outsized returns.
How strong is tenant demand in Danvers, MA?
Danvers, MA draws a consistent base of working renters. Demand at the $2,899/mo rent level is reasonable for standard single-family and small multi rentals.
What monthly rent should investors expect in Danvers, MA?
Average rent in Danvers, MA is approximately $2,899/mo per month. Against $745K home values that yields a reasonable rent-to-price ratio.
How does Danvers, MA rate as a rental market?
Danvers, MA rates 3.0/5 for investability. With median values at $745K and rents near $2,899/mo, the market offers reasonable fundamentals for rental investors.
What is it like being a landlord in Danvers, MA?
MA law tenant-protective for landlords, and Danvers inherits those rules. Investors should still review local ordinances for rental licensing.
You know 01923 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01923 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 01923 ranks in Boston-Cambridge-Newton, MA-NH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 01923 (Danvers)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 01923 (Danvers, MA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.