Peabody has a younger population than other areas in Massachusetts with a median age of 44 years. It is also affluent with a median income of $68,268 per household. The Peabody market is primarily made up of detached homes, currently accounting for 71% overall. The top school in the city is John E Burke.
The median value of homes in Peabody is $285,500, making the area almost identical to others in Massachusetts. At the same time, the average list price of available homes is presently $380,314. Despite remaining above the 42.4 monthly sales average, the Peabody market pulled back with 51 homes sold in the last 30 days.
Out of all the listings in Peabody, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.
A three-bedroom detached home valued around $394,213 is considered a typical dwelling in Peabody. If a buyer was looking for a similar home, they would need good credit and a $78,843 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,841 and the property tax rate is $11.64 per $1,000 of taxable assessed value.
Get started right now by checking out Peabody homes for sale or reviewing Peabody real estate trends.