Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Peabody

Learn about the people, housing, costs and businesses in Peabody, Massachusetts

Median Home$581,518
Median Rent$1,980/month
Population54,695
Leading IndustriesArts, Food & Hospitality · Healthcare · Education9% arts, food & hospitality
Home Value Growth⬆⬆+12.6% over 2 years
Retirees24% of residentsslightly above average
Homeowners66% of occupied units
NotableAmenity Score76/100 · highly walkable area
NotableHigh Incomes$102k/year · top 16% nationally
Peabody
MA

Frequently Asked Questions

What are today's mortgage rates in Peabody?

As of today, the 30-year fixed mortgage rate for Peabody is approximately 6.826% (6.860% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Peabody
What is the median home price in Peabody?

The median home value in Peabody is $582k. The median monthly rent is $1,980. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Peabody?

Home values in Peabody have increased 12.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Peabody?

Based on a typical all-in ownership cost of $1,997/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $86k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Peabody is $102k/year.

Calculate your buying power
What industries drive the economy in Peabody?

The largest employment sectors in Peabody are public administration (25%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.