Peabody's October First-Time Homebuyer Report

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.

Price Range

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.

$199K   $229K   $464K  

Typical Dwelling

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.


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Laer Realty Partners
Boston Connect Real Estate
Snapped 2 homes in this area
Nina-Soto & Company
Snapped 2 homes in this area

Agents that specialize in this area
1 snap in this area
1 snap in this area
13 snaps in this area
2 snaps in this area
3 snaps in this area
1 snap in this area
1 snap in this area
1 snap in this area
1 snap in this area
1 snap in this area
©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.