Peabody, MA Real Estate

According to census data in the year 2000 there were 18,898 housing units in Peabody. This represents a 3.6% growth from 18,240 in 1990.

Of those housing units, 18,898 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Peabody is about 71.2%. Peabody's vacancy rate, including seasonal lodging, is about 1.7%. Average household size is 2.55 people.

The majority of houses, apartments or condos in Peabody were built after 1959.


Housing Size

Housing Units by Size
Studio Type1.30%
One Bedroom12.60%
Two Bedrooms28.20%
Three Bedrooms42.20%
Four Bedrooms13%
Five Bedrooms or more2.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.78
Median year structure was built1961
Median Value of occupied units$215,900
Median Price asked for vacant units$320,800

Rented Homes, Apartments and Condos

Average Household Size1.98
Median year structure was built1949
Median Monthly Rent asked for vacant units$605

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage5%
Home Equity Loan11.80%
Simple Mortgage52.50%
Debt Free30.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.6%