The rental market in Beverly, MA is vibrant and growing. With its excellent schools, great neighborhoods, and close proximity to Boston, it's a very desirable place to live. Beverly is a small city located in the North Shore of Massachusetts, just a short drive from Boston. It has a population of around 40,000 people, and a median household income of $79,816.
Beverly is home to some of the best schools in Massachusetts, with its high schools ranked in the top 5 in the state. Its elementary schools are also highly rated, and it has a number of private schools as well. The city is also home to Endicott College and Montserrat College of Art, two of the most prestigious colleges in the region.
The neighborhoods in Beverly are diverse, ranging from the historical and affluent downtown area to the more affordable and family-friendly suburbs. Most of the neighborhoods offer easy access to both the city and the beaches.
The average rent in Beverly is around $1,800 per month for a one-bedroom apartment. This is slightly higher than the state average, but still relatively affordable for the area.
The average rental price of an apartment in Beverly, MA is $2,153 per month. The average rental price of a townhouse in Beverly, MA is $2,375 per month. The average rental price of a condo in Beverly, MA is $2,815 per month. The average rental price of a loft in Beverly, MA is $2,735 per month. The average rental price of a single family home in Beverly, MA is $3,936 per month.
Overall, rental prices in Beverly, MA have increased steadily over the last 5 years. According to Zillow, the median rent for a one-bedroom apartment in Beverly was $1,350 in 2015 and rose to $1,850 in 2020, an increase of 37%. The median rent for a two-bedroom apartment in Beverly was $1,800 in 2015 and rose to $2,400 in 2020, an increase of 33%.
The median rental prices for 1-bedroom, 2-bedroom, and 3-bedroom apartments in Beverly, MA are as follows:
1-Bedroom: $1,750
2-Bedroom: $2,200
3-Bedroom: $2,400
Beverly, MA is a highly ranked school district, with many of its schools rated higher than the national average. According to US News and World Report, Beverly Public Schools ranks #5 out of all school districts in Massachusetts and #48 out of all school districts in the United States. The district has an average graduation rate of 94%, and a college-readiness score of 68.7—both of which are above the national average. The district also spends an average of $17,700 per student, which is slightly higher than the national average of $12,509. Overall, Beverly Public Schools is an above-average district compared to the rest of the United States.
1. Montserrat
2. Beverly Cove
3. Centerville
4. Prides Crossing
5. Beverly Farms
1. Prides Crossing
2. Beverly Farms
3. Bass Rocks
4. Centerville
5. Ryal Side