Peabody, MA


Highest Appreciating Peabody Neighborhoods Since 2000

Peabody, MA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Peabody Housing Market Information

With 52,491 people, 21,504 houses or apartments, and a median cost of homes of $406,969, real estate costs in Peabody 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 Peabody, accounting for 50.92% of the city's housing units. Other types of housing that are prevalent in Peabody include large apartment complexes or high rise apartments ( 26.35%), duplexes, homes converted to apartments or other small apartment buildings ( 15.38%), and a few row houses and other attached homes ( 4.64%).

People in Peabody primarily live in small (one, two or no bedroom) single-family detached homes. Peabody has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Peabody's housing was primarily built during this period, from the '40s through the '60s. A full 36.54% of the city's housing hails from this era. Other housing ages represented in Peabody include homes built between 1970-1999 ( 28.05%) and housing constructed before 1939 ( 22.81%). There's also some housing in Peabody built between 2000 and later ( 12.60%).

Peabody Home Appreciation Rates

Appreciation rates for homes in Peabody have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.70%, which ranks in the top 40% nationwide. This equates to an annual average Peabody house appreciation rate of 1.20%.

Appreciation rates are so strong in Peabody that despite a nationwide downturn in the housing market, Peabody real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Peabody appreciation rates continue to be some of the highest in America, at 7.49%, which is higher than appreciation rates in 77.30% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Peabody. Peabody appreciation rates in the latest quarter were at 0.74%, which equates to an annual appreciation rate of 2.98%.

Relative to Massachusetts, our data show that Peabody's latest annual appreciation rate is higher 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 Peabody differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Peabody - 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 Peabody real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,220,000 0.5
$915,001 - $1,220,000 0.9
$610,001 - $915,000 9.3
$488,001 - $610,000 15.5
$366,001 - $488,000 36.8
$244,001 - $366,000 26.5
$122,001 - $244,000 6.9
$61,001 - $122,000 0.7
$0 - $61,000 3.0

Average for MA
Very High for Nation

Value Relative to Nation Value Relative to State
9.79921559445062 44.8717948717949

Number Of Homes And Apartments:

Peabody Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2017 Q3 - 2017 Q4
Last 12 Months:
2016 Q4 - 2017 Q4
Last 2 Years:
2015 Q4 - 2017 Q4
Last 5 Years:
2012 Q4 - 2017 Q4
Last 10 Years:
2007 Q4 - 2017 Q4
Since 2000:
2000 Q1 - 2017 Q4
57.02% 2.54%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,924 / per month

Homeownership Rate

Owners 64.15
Renters 35.85
Vacant 4.50

Housing Market Details


Age of Homes

2000 or Newer 12.6
1970 - 1999 28.1
1940 - 1969 36.5
1939 or Older 22.8

Types of Homes

Single-Family 50.9
Townhomes 4.6
Small Apt. Buildings 15.4
Apt. Complexes 26.3
Mobile Homes 2.7
Other 0.0

Home Size

No Bedroom 1.76
1 Bedroom 16.32
2 Bedrooms 32.29
3 Bedrooms 33.56
4 Bedrooms 13.33
5 or more bedrooms 2.74