Rent to own Homes in Danvers, MA
Danvers is a town of just over 25,000 residents in eastern Massachusetts. Originally founded in 1636, Danvers was originally known as Salem Village, and it was the actual site of the infamous Salem Witch Trials in 1692. Today, Danvers is a thriving retail center in the heart of Cape Ann. Using this town as a base, residents can enjoy easy access to both the New Hampshire border to the north and Boston to the south.
Danvers, MA is a great place for affordable rent-to-own homes! With a median household income of over $99,269 and a median rent of $1,620, the Danvers, MA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Danvers, MA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Danvers, MA Property Resources
Rent to own Homes in Cities Near Danvers, MA
- Abington
- Andover
- Arlington
- Avon
- Bedford
- Belmont
- Beverly
- Boxford
- Braintree Town
- Brockton
- Burlington
- Carlisle
- Chelsea
- East Bridgewater
- East Weymouth
- Everett
- Georgetown
- Hanson
- Hingham
- Holbrook
- Hull
- Lawrence
- Lincoln
- Lynn
- Lynnfield
- Malden
- Marblehead
- Medford
- Melrose
- Methuen Town
- Middleton
- Nahant
- North Reading
- North Scituate
- Peabody
- Reading
- Revere
- Saugus
- Somerville
- Southfield
- Stoneham
- Swampscott
- Tewksbury
- Topsfield
- Wakefield
- West Concord
- Westford
- Wilmington
- Winchester
- Woburn
Neighborhoods in Danvers, MA
Danvers rent to own homesBuying a Home in Danvers, MA
Danvers, MA is seeing rapid growth and Danvers, MA's' housing market remains not optimal with an average home price that is 107% above the 2024 national average. Danvers, MA is part of Essex county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Essex is 1% which is above the national average, which is 0.99%.
Median Home Price in Danvers, MA
Median Rent in Danvers, MA
Top 6 Reasons to Live in Danvers, MA
Rising home values! According to Zillow, the average price in Danvers is $361,400, following a 3.9 percent increase over the past year. Whether you're looking for cozy rent to own homes in the Tapleyville neighborhood or a waterfront property in Danversport, Danvers is a great place to make an investment in the real estate market.
A shopper's paradise! Danvers is home to the Liberty Tree Mall, a major retail center with loads of stores and restaurants. Find everything you need at Target or Kohl's, then head to Panera Bread or Buffalo Wild Wings for lunch. Danvers also has everything you need for formal apparel, including Alfred Angelo Bridal and Men's Wearhouse.
Independent restaurants! If you're looking for more than just a quick bite after your shopping spree, Danvers has many excellent, independent restaurants to choose from. Try pizza on the waterfront at Sam and Joe's Restaurant, or catch live music while savoring your favorite Italian classics every Saturday night at Supino's. For an upscale night out, the Hardcover Restaurant offers a surf and turf plate that can't be beat.
Affordable homes! The average price per square foot of houses for sale in Danvers is just $219, which is lower than the average in the Boston metro area. According to Zillow, rents are also more affordable here: the average monthly rent in Danvers is just $1,663, which is much lower than the Boston area average of $2,200 per month. Rentals are available throughout the community, though if you are looking for an all-inclusive complex, Endicott Green and Halstead offer swimming pools and other amenities.
Farm fresh food! Local farming is alive and well in Danvers, and you can enjoy acres of open space and home-grown foods at local farms. Clark Farm offers flowers and transplants to bring back to your own garden, as well as fresh produce throughout the growing season. Nearby Connors Farm sells fruits and vegetables as well, but it really comes alive each autumn with its popular corn maze.
Fun attractions! History buffs will love exploring Danvers' old graveyards for famous names from the Salem Witch Trials and the Rebecca Nurse Homestead provides a glimpse into the house of one of those executed for witchcraft. For more lighthearted fun, get wet at CoCo Keys, an indoor water park that offers summertime fun all year long.