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What Is the Housing Market Like in Beverly, Massachusetts?

Short answer

The Beverly housing market should be judged through rent around $2,200, home prices around $550,000, and the neighborhood gap between areas such as Beverly Farms and Centerville. The safest move usually compares renting first against ownership pressure before choosing an address.

What does the housing market look like in Beverly?

Beverly housing should be screened through rent, ownership pressure, and neighborhood fit together. The current dataset lists $2,200 median rent and $550,000 median home price, but the practical answer changes once the move narrows from the city label into areas such as Beverly Farms and Centerville.

Quick housing snapshot for Beverly

  • Beverly median rent: $2,200
  • Beverly median home price: $550,000
  • Beverly local sales tax: 6.25%
  • Neighborhoods highlighted: 2 (Beverly Farms, Centerville)

Is Beverly better for renters or buyers?

Beverly can work for renters or buyers when the household keeps enough flexibility around area choice. Renters should compare whether Beverly Farms and Centerville create different monthly outcomes, while buyers should model purchase price, taxes, insurance, maintenance, and commute costs before treating Beverly as affordable.

  • Beverly renters should compare the listed median rent against the actual neighborhoods on the shortlist.
  • Beverly buyers should compare the listed median home price against recurring ownership costs, not purchase price alone.
  • Beverly housing decisions are stronger when renting first remains an option if neighborhood fit is still unclear.

What usually changes housing fit inside Beverly?

Beverly features a diverse economy with a blend of retail, healthcare, and education sectors. Housing prices reflect the city's coastal appeal, with median home prices significantly above the national average.

The main housing separator inside Beverly is usually the area-level tradeoff between price tier, commute pattern, housing format, and routine. A move that works in one neighborhood can become stretched in another, so Beverly should be tested with actual addresses and local listings before the decision is final.

  • Beverly local sales tax in the current dataset: 6.25%.
  • Beverly neighborhood shortlist in the current dataset: Beverly Farms and Centerville.
  • Beverly housing fit should be checked against commute and daily routine before buying.

Who should be more careful before buying in Beverly?

Beverly deserves more caution from buyers who are already near the edge of the budget, who need one specific neighborhood to work, or who have not modeled taxes, insurance, repairs, and move-in costs. The risk is not only that the home price is high; it is that the wrong area can make the whole relocation less flexible.

What should you open next if this page still looks promising?

Key takeaways

  • Beverly housing should be judged through rent, ownership pressure, neighborhood fit, and commute reality together.
  • Beverly can be a stronger rental-first move when the neighborhood shortlist is still uncertain.
  • The smartest Beverly housing decision compares at least two areas before treating the city average as final.
Sources & Methodology

How to read Beverly, Massachusetts responsibly

Page provenance

  • Published: 2026-05-02
  • Last reviewed: 2026-05-02
  • Data last refreshed: 2026-05-02
  • Author: John Doe
  • Reviewer: Jane Smith

Methodology

Data was gathered from local real estate listings, city economic reports, and transportation schedules to provide a comprehensive overview of Beverly, Massachusetts.

Coverage and limits

This article covers key aspects of relocating to Beverly, Massachusetts, including cost of living, neighborhood options, and lifestyle considerations.

Source status

Editorially reviewed on 2026-05-02; volatile local details should be verified before acting.

Verify before acting

  • Verify neighborhood, commute, school, and utility differences before choosing an address.
  • Check the parent state tax rules and the city-level spending pattern together.
  • Treat this page as shortlist screening, not as a substitute for local inspection.

Primary sources

What may change next

  • Potential increase in local sales tax (effective 2024-01-01; Residents and business owners)

FAQ

What is the median rent in Beverly?

The current dataset lists median rent in Beverly at $2,200.

What is the median home price in Beverly?

The current dataset lists median home price in Beverly at $550,000.

Should a mover rent before buying in Beverly?

Renting first can make sense in Beverly when the best neighborhood, commute, or ownership ceiling is still unclear.

What should you compare after reading this city guide?