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Beverly

Learn about the people, housing, costs and businesses in Beverly, Massachusetts

Median Home$644,470
Median Rent$1,719/month
Population42,665
Leading IndustriesArts, Food & Hospitality · Healthcare · Public Administration15% arts, food & hospitality
Home Value Growth⬆⬆+15.4% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners60% of occupied units
NotableHighly Educated33% bachelor's · 15% graduate · top 5% nationally
NotableAmenity Score78/100 · highly walkable area
Beverly
MA

Frequently Asked Questions

What are today's mortgage rates in Beverly?

As of today, the 30-year fixed mortgage rate for Beverly is approximately 6.820% (6.853% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Beverly?

The median home value in Beverly is $644k. The median monthly rent is $1,719. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Beverly?

Home values in Beverly have increased 15.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Beverly?

Based on a typical all-in ownership cost of $2,347/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $101k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Beverly is $123k/year.

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What industries drive the economy in Beverly?

The largest employment sectors in Beverly are public administration (30%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.