BEVERLY HOUSING MARKET INFORMATION With 42,318 people, 16,915 houses or apartments, and a median cost of homes of $809,477, real estate costs in Beverly are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities. Single-family detached homes are the single most common housing type in Beverly, accounting for 50.09% of the city's housing units. Other types of housing that are prevalent in Beverly include large apartment complexes or high rise apartments ( 27.55%), duplexes, homes converted to apartments or other small apartment buildings ( 18.37%), and a few row houses and other attached homes ( 3.65%). The most prevalent building size and type in Beverly are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.26% owning and 44.74% renting. The housing in Beverly was primarily built before 1939 ( 33.05%), making the housing stock in Beverly some of the oldest overall in America, although there is a range of ages of homes in Beverly. The next most important housing age is between 1940-1969 ( 28.66%), followed by between 1970-1999 ( 28.49%). There's also some housing in Beverly built between 2000 and later ( 9.80%). BEVERLY HOME APPRECIATION RATES Appreciation rates for homes in Beverly have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 97.89%, which ranks in the top 50% nationwide. This equates to an annual average Beverly house appreciation rate of 7.06%. 蘑菇视频's data show that during the latest twelve months, Beverly's appreciation rate, at 8.61%, has been at or slightly above the national average. In the latest quarter, Beverly's appreciation rate has been 1.15%, which annualizes to a rate of 4.67%. Relative to Massachusetts, our data show that Beverly's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Beverly differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Beverly - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Beverly real estate investment or home purchase decisions.