South Peabody East median real estate price is $494,930, which is more expensive than 39.1% of the neighborhoods in Massachusetts and 72.0% of the neighborhoods in the U.S.
The average rental price in South Peabody East is currently $2,495, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.7% of Massachusetts neighborhoods.
South Peabody East is a suburban neighborhood (based on population density) located in Peabody, Massachusetts.
South Peabody East real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the South Peabody East neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
In South Peabody East, the current vacancy rate is 0.9%, which is a lower rate of vacancies than 92.5% of all neighborhoods in the U.S. This means that the housing supply in South Peabody East is very tight compared to the demand for property here.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Peabody, the South Peabody East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
While most Americans do drive to work alone each day, the South Peabody East neighborhood stands out by having 93.3% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 96.1% of all American neighborhoods.
Did you know that the South Peabody East neighborhood has more Portuguese and Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.0% of this neighborhood's residents have Portuguese ancestry and 2.7% have Brazilian ancestry.
South Peabody East is also pretty special linguistically. Significantly, 11.3% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the South Peabody East neighborhood in Peabody are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 50.5% of the neighborhoods in America. In addition, 2.6% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 74.1% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the South Peabody East neighborhood, 46.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 21.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.5%), and 15.0% in manufacturing and laborer occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the South Peabody East neighborhood is English, spoken by 73.1% of households. Other important languages spoken here include Spanish and Portuguese.
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the South Peabody East neighborhood in Peabody, MA, residents most commonly identify their ethnicity or ancestry as Irish (20.9%). There are also a number of people of Italian ancestry (18.3%), and residents who report Polish roots (7.3%), and some of the residents are also of Puerto Rican ancestry (6.9%), along with some Portuguese ancestry residents (6.0%), among others. In addition, 15.1% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in South Peabody East neighborhood spend between 15 and 30 minutes commuting one-way to work (44.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (93.3%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
Analytics built by: Location, Inc.
Raw data sources: National Agriculture Statistics Service, U.S. Department of Agriculture, Federal Housing Finance Agency, U.S. Department of Housing and Urban Development, U.S. Bureau of the Census, U.S. Geological Service, American Community Survey.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
Analytics built by: Location, Inc.
Raw data sources: American Community Survey, U.S. Bureau of the Census, U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Geological Service, National Agricultural Statistics Service.
Date(s) & Update Frequency: 2020 (latest available). Updated annually. Please note: Unemployment data updated November 2022.
Methodology: Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insights…. Read more about Scout's Demographic Data
Analytics built by: Location, Inc.
Raw data sources: 18,000 local law enforcement agencies in the U.S.
Date(s) & Update Frequency: Reflects 2021 calendar year; released from FBI in Oct. 2022 (latest available). Updated annually. Where is 2022 data?
Methodology: Our nationwide meta-analysis overcomes the issues inherent in any crime database, including non-reporting and reporting errors. This is possible by associating the 9.4 million reported crimes in the U.S, including over 2 million geocoded point locations…. Read more about Scout's Crime Data
Analytics built by: Location, Inc.
Methodology: Only NeighborhoodScout gives you nationally comparable school ranks based on test scores, so you can directly compare the quality of schools in any location. Read more about Scout's School Data
| School Details | Grades | Quality Rating Compared to MA* | Quality Rating Compared to Nation* |
|---|---|---|---|
|
J Henry Higgins Middle School
85 Perkins Street Peabody, MA 01960 |
06-08 | ||
|
Captain Samuel Brown School
150 Lynn Street Peabody, MA 01960 |
KG-05 | ||
|
Peabody Veterans Memorial High School
485 Lowell Street Peabody, MA 01960 |
09-12 | ||
| * 10 is highest | |||
Analytics built by: Location, Inc.
Raw data sources: U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Dow Jones S&P, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Bureau of the Census, American Community Survey, U.S. Department of Housing and Urban Development, U.S. Geological Service, U.S. Department of Transportation, LEHD Origin-Destination Employment Statistics, Federal Highway Administration, National Agricultural Statistics.
Methodology: Scout Vision uniquely solves for investment risk by generating Home Price Appreciation projections with unprecedented geographic granularity and predictive accuracy, for every micro-neighborhood (block group) in the U.S. Read more
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