Peabody, MA 01960 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Peabody, MA—01960

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$681,000

1.5% YoY Growth

Household Income

$95,200

39.5% YoY Growth

Days on Market

51.0% Longer YoY

Home Price Forecast

1.5%

Median Rent

$2,900

1.0% YoY Growth

1-Bed Rent

$2,600

1.9% YoY Growth

2-Bed Rent

$2,960

1.0% YoY Growth

3-Bed Rent

$3,500

0.6% YoY Growth

Home Price Trends — Peabody, MA

As of Dec '25, the median home price in Peabody, MA is $681,000, with a year-over-year change of 1.5%. This indicates that home prices in Peabody, MA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$681,000	1.5%
Single Family	$709,000	1.4%
Condos	$478,000	1.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Peabody, MA

As of July '25, Rentcast reports the average rent in Peabody, MA is $2,940, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in Peabody, MA is studios: $1,940, 1-bedrooms: $2,650, 2-bedrooms: $3,030, 3-bedrooms: $3,600. The most common rental property sizes in Peabody, MA are 2-bedroom and 1-bedroom, accounting for 39.0% and 33.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,900	$2,940
Studio Rent	$1,600	$1,940
1 Bed Rent	$2,600	$2,650
2 Bed Rent	$2,960	$3,030
3 Bed Rent	$3,500	$3,600
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

8.7%

1 Bedroom

33.3%

2 Bedrooms

39.0%

3 Bedrooms

15.8%

4 Bedrooms

2.8%

5+ Bedrooms

0.5%

Property Listings — Peabody, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Peabody, MA is 23. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$599,000	-6.0%
Listing Count	26	8.0%
Listings as % of Homes	0.1%	8.0%
Days on Market	44	51.0%

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Demographics — Peabody, MA

As of the latest ACS Survey released in 2023, Peabody, MA has a population of 54,000, which has increased by 2.7% over the past 5 years. Peabody, MA is a moderately popular place for families, as children make up 17.6% of the population. The area has a moderately educated workforce, with 33.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	54,000	2.7%
% Under 18	17.6%	-1.1%
% Seniors	24.2%	11.0%
% WFH	8.7%	222.2%
% w/ College Degree	33.7%	1.5%

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As of the latest ACS Survey released in 2023, Peabody, MA is a predominantly white area, with 76.6% of the population identifying as white. The white population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in Peabody, MA is hispanic, making up 12.5% of the population. Foreign-born residents account for 17.2% of the population in Peabody, MA, and this percentage has increased by 13.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	76.6%	-8.4%
% Black	3.6%	5.9%
% Hispanic	12.5%	19.0%
% Asian	2.0%	100.0%
% Foreign Born	17.2%	13.2%

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Mortgage and Risk — Peabody, MA

According to HUD data as of 2023, there were 762 mortgage originations in Peabody, MA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Peabody, MA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	762
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Peabody, MA

Peabody, MA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	1,263
Total Units Section 8	1,212
% Rentals under Section 8	14.6%
% Occupied Section 8	83.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$460	$2,600	$2,140
2 Bedroom	-$410	$2,960	$2,550
3 Bedroom	-$420	$3,500	$3,080
4 Bedroom	N/A	N/A	$3,390

Peabody, MA—01960

Key Metrics at a Glance

Home Price Trends — Peabody, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Peabody, MA

% of Rental Stock

Property Listings — Peabody, MA

Demographics — Peabody, MA

Race and Ethnicity

Mortgage and Risk — Peabody, MA

Mortgages

Rentals and Section 8 — Peabody, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Peabody, MA

Home Price to Income Ratio

Peabody, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Lynn, MA

Danvers, MA

Hathorne

Lynnfield, MA

Lynn, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.2
Median Home Price	$681,000
Median Household Income	$95,200

Peabody, MA—01960

Key Metrics at a Glance

Home Price Trends — Peabody, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Peabody, MA

% of Rental Stock

Property Listings — Peabody, MA

Demographics — Peabody, MA

Race and Ethnicity

Mortgage and Risk — Peabody, MA

Mortgages

Rentals and Section 8 — Peabody, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Peabody, MA

Home Price to Income Ratio

Peabody, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Lynn, MA

Danvers, MA

Hathorne

Lynnfield, MA

Lynn, MA

Frequently Asked Questions

What is the average home price in Peabody, MA 01960?

How have home prices in Peabody, MA 01960 changed over the past year?

What is the home price projection for Peabody, MA 01960?

What are the demographics of Peabody, MA 01960?

How long does it take homes to sell in Peabody, MA 01960?

What is the average rent price in Peabody, MA 01960?