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Peabody

Peabody

Located in Essex County

$718,480 Average Value
$398 Average Price per Sq Ft
11 Homes For Sale

A thriving community in Essex County, Massachusetts

A city in the North Shore, an area originally inhabited by the Naumkeag people, Peabody was incorporated in 1752. Known for its industrial history that stretches back to the 18th century, the city’s workforce today is concentrated in the manufacturing, retail and service industries. Peabody has a population of about 54,204 people, and the median household income is approximately $91,125. Centennial Park, one of North Shore’s largest business parks, is home to the city and is headquarters to many corporations and businesses. Top employers include Northshore Mall, Boston’s Children Hospital – Peabody and AnaLogic, which specializes in manufacturing security equipment.

“Peabody is considered the economic engine that drives the entire North Shore region,” says Christopher Ryder, the chief of staff for Peabody. “The city has a very welcoming environment for businesses. We have one of the lowest tax rates in the county, we offer low-interest loans through our community development department and we have business- liaison staff who help make the permitting process easier for business owners.”

Centennial Park, in Peabody is one of North Shore’s largest business parks.
Centennial Park, in Peabody is one of North Shore’s largest business parks.
The Northshore Mall is located close to West Peabody with many stores to shop.
The Northshore Mall is located close to West Peabody with many stores to shop.
The Peabody community has great medical facilities like Boston’s Children Hospital close by.
The Peabody community has great medical facilities like Boston’s Children Hospital close by.
AnaLogic, is a major employer in Peabody.
AnaLogic, is a major employer in Peabody.
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Entertainment, shopping and dining at Northshore Mall and downtown

Located by Yankee Division Highway, Northshore Mall is the city’s largest shopping center, featuring over 140 shops and restaurants. “Northshore Mall bucked the national trend of moving away from brick-and-mortar stores and is a huge economic success story,” Ryder says. “It’s popular for having a mix of entertainment and dining options, events and popular department stores.” The Route 1 corridor and Andover Street are also teeming with businesses, big-box stores and local eateries.

Peabody’s downtown cultural district has several art venues and dozens of shops and restaurants along Main Street. The Black Box Theater serves as a significant cultural venue that provides performances and art events for North Shore communities. For family outings, people can visit the North Shore Children’s Museum, which is also in downtown.

The Black Box Theater serves as a significant cultural venue to Peabody.
The Black Box Theater serves as a significant cultural venue to Peabody.
North Shore Childrens Museum in Peabody has different themed rooms to explore.
North Shore Childrens Museum in Peabody has different themed rooms to explore.
Reds Kitchen and Tavern is a great place to bring the family for a nice dinner in West Peabody.
Reds Kitchen and Tavern is a great place to bring the family for a nice dinner in West Peabody.
Stop in for coffee and breakfast at Breaking Grounds in Peabody Town Center.
Stop in for coffee and breakfast at Breaking Grounds in Peabody Town Center.
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Peabody International Festival celebrates the city's diversity

The Peabody International Festival was founded in 1984 by then-Mayor Peter Torigian. To this day, it’s still considered the biggest event in the city, attracting around 50,000 people every year. “This is how the city celebrates its diversity,” Ryder says. “Main Street shuts down, and all the churches, civic groups and restaurants bring foods that are from their parts of the world to the festival.” There are also cultural performances and traditional games, in addition to prizes and an artisan market. Additional festivities include a summer concert series at Leather City Common and other holiday celebrations.

The streets are filled with food and entertainment at the Peabody International Festival.
The streets are filled with food and entertainment at the Peabody International Festival.
Large crowds gather every Sunday in summer for the Peabody Leather City Common Concert Series.
Large crowds gather every Sunday in summer for the Peabody Leather City Common Concert Series.
Flags wave proudly at the Peabody Veterans Day ceremony.
Flags wave proudly at the Peabody Veterans Day ceremony.
The local choir sings holiday classics at the Peabody Christmas Stroll and Tree Lighting.
The local choir sings holiday classics at the Peabody Christmas Stroll and Tree Lighting.
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Single-family homes here are more affordable than Boston's

Peabody mainly consists of Cape Cod, ranch-style, Colonial Revival and Garrison-style homes. South Peabody is a well-established suburban community steps away from downtown, featuring homes built between the late 19th century and mid-20th century with spacious lots. West Peabody, close to Centennial Industrial Park and Northshore Mall, has some of the city’s most expensive and newer homes. Multifamily properties can be found on the east side and around the downtown area, and condos and townhouses are sporadically located around the community.

Peabody's median home price is $640,000, lower than Boston's median price of $805,000. Depending on size and condition, single-family homes usually go for $350,000 to over $1.3 million. Multiunit dwellings range from $600,000 to over $1 million, and condos and townhouses can sell from approximately $250,000 to $700,000.

Cape Cod homes in West Peabody have sizeable yards with large driveways.
Cape Cod homes in West Peabody have sizeable yards with large driveways.
Stately Colonial Revival style homes can be spotted throughout South Peabody.
Stately Colonial Revival style homes can be spotted throughout South Peabody.
Sunny ranch-style homes have room to stretch out in the West Peabody neighborhood.
Sunny ranch-style homes have room to stretch out in the West Peabody neighborhood.
Garrison-style homes make up the suburban community in Peabody.
Garrison-style homes make up the suburban community in Peabody.
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Public and private schooling options

Peabody Public Schools serves nearly 6,000 children, with a student-teacher ratio of 13-to-1. The district has a C-plus Niche grade, and the B-minus-rated Peabody Veterans Memorial High School, the only high school in the school system, offers career and technical education pathway programs. Christian private schools include Covenant Christian Academy and Bishop Fenwick High School, each rates an A and B-plus, respectively.

Peabody High School, is a comprehensive and competitive public high school in Peabody, MA.
Peabody High School, is a comprehensive and competitive public high school in Peabody, MA.
Covenant Christian Academy is a private school in Peabody, MA.
Covenant Christian Academy is a private school in Peabody, MA.
Bishop Fenwick High School is a private Roman Catholic high school located in Peabody.
Bishop Fenwick High School is a private Roman Catholic high school located in Peabody.
J Henry Higgins is the local middle school in Peabody, MA.
J Henry Higgins is the local middle school in Peabody, MA.
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Peaceful trails in Crystal Lake Conservation Land and active farms

The city has about 38 parks and playgrounds, a disc golf course, the McVann O’Keefe Memorial Rink and a public 18-hole golf course. Salem Country Club sits at the heart of Peabody, with a championship golf course, as well as swimming and tennis facilities. Several conservation areas are also spread throughout the area, including Crystal Lake Conservation Land, which has a boat dock for paddleboarding and a looped trail. The 275-acre Brooksby Farm has fruit orchards, pumpkin patches and greenhouses. The farm also serves as an important gathering place for community events. Trails such as Independence Greenway Path and South Peabody Trail make for even more recreational opportunities. Peabody has hot, humid summers and heavy snowfall in winter, and partly cloudy and rainy days are also common.

Salem Country Club sits at the heart of Peabody, with a championship golf course.
Salem Country Club sits at the heart of Peabody, with a championship golf course.
Say hello to the friendly ducks at Crystal Lake in West Peabody.
Say hello to the friendly ducks at Crystal Lake in West Peabody.
Feed the happy goats at Brooksby Farm nearby Peabody Town Center.
Feed the happy goats at Brooksby Farm nearby Peabody Town Center.
West Peabody bicycle riders enjoy trips along the Independence Greenway.
West Peabody bicycle riders enjoy trips along the Independence Greenway.
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Convenient highways, with commuter rail in Salem

Peabody is accessible via Interstate 95, U.S. Route 1 and the Logan Express bus, which runs from Boston Logan International Airport to towns in Greater Massachusetts and has a service line in nearby Danvers. Boston is 20 miles away, and commuter rail can be taken at Salem’s MBTA station via the Newburyport/Rockport Line. Major hospitals in the community include Boston Children's Peabody and Lahey Medical Center, both of which are also among the city’s top employers.

2023 Crime data below the national average

In 2023, 429 violent offenses and 455 property crimes were reported to Peabody’s police department. Both numbers represent a slight increase from the previous year but were below the national average crime rate.

Christina Xu
Written By
Christina Xu
Amanda Beattie
Photography Contributed By
Amanda Beattie
Alex Finneran
Video By
Alex Finneran

Interested in learning more about homes in this area? Reach out to Carol St. Pierre, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Peabody Housing Trends

Housing Trends

Median List Price
$650,000
Median Sale Price
$675,000
Median Single Family Sale Price
$709,000
Median Townhouse Sale Price
$618,500
Median 2 Bedroom Sale Price
$471,000
Median Change From 1st List Price
-1%
Last 12 months Home Sales
251
Median Home Sale Price YoY Change
5%
Average Price Per Sq Ft
$398

Area Facts

Number of Homes
10,567
Number of Homes for Sale
11
Median Year Built
1960
Months of Supply
0.50
Average Single Family Home Size Sq Ft
1,715
Below the national average
1,930
Average Townhouse Size Sq Ft
2,395
Average 2 Bedroom Size Sq Ft
1,367
Average 1 Bedroom Size Sq Ft
712
Median Lot Size Sq Ft
10,890

Open Houses

  • Saturday, Jan 17
    Open Sun 12PM - 1:30PM

    158 Lowell St Unit 4, Peabody, MA 01960

    $567,000

    • 2 Beds
    • 1 Bath
    • 1,558 Sq Ft
    • 158 Lowell St
    • Unit 4
    • New 6 days ago

    A standout opportunity for buyers seeking single-family privacy with condo ease, flexibility, and modern upgrades. This home offers the unique opportunity buyers want in a condo: no shared walls, no common hallways, it truly lives and feels like a stand alone home. The living room centers around a gas fireplace creating a comfortable space for relaxing or entertaining. The primary bedroom offers

    Margaret Belmonte Leading Edge Real Estate

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  • Saturday, Jan 17
    Open Sun 11AM - 12:30PM

    80 Foster St Unit 501, Peabody, MA 01960

    $424,900

    • 2 Beds
    • 1.5 Baths
    • 905 Sq Ft
    • 80 Foster St
    • Unit 501
    • New 4 days ago

    WELCOME HOME to this beautifully remodeled penthouse corner unit with special attention to every detail. The kitchen boasts brand new solid wood cabinets, new stainless appliances, spacious island w/ tucked away microwave drawer, gracious farmhouse sink, under cabinet lighting, and gorgeous granite counter top in a stunning leather finish. Perfect for entertaining, the kitchen is open to a large

    Haley Thomeczek Keller Williams Realty Evolution

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  • Sunday, Jan 18
    Open Sun 12PM - 2PM

    903 Foxwood Cir Unit 903, Peabody, MA 01960

    $524,900

    • 2 Beds
    • 2.5 Baths
    • 2,240 Sq Ft
    • 903 Foxwood Cir
    • Unit 903

    *** Open House, Sunday, Jan. 18th from 12:00 - 2:00 pm *** This spacious townhouse located in the highly desirable Huntington Woods community, has an inviting layout with 4 floors of living that are waiting for you. Bring your ideas to make it fit your lifestyle. The first floor host living room, a half bath, the sun-filled dining area, and the kitchen, which spills out through the slider to the

    Lisa Biggar LAER Realty Partners

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Homes for Sale

Homes for Rent

Condo Buildings

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Peabody

Property Mix - Square Feet

Peabody Has More Owners

Demographics

Total Population
54,262
Median Age
46
Population Density
106 ppl/acre
Population under 18
19.9%
On par with the national average
23.8%
Population over 65
25.2%
Above the national average
19.1%

Finances

Median Household Income
$85,820
Above the national average
$79,601
Average Household Income
$105,426

Education and Workforce

High School Graduates
91.5%
On par with the national average
89%
College Graduates
35.6%
On par with the national average
34.1%
Advanced Degrees
11.9%
% Population in Labor Force
65.3%

Weather

Annual Precipitation
48''
Average Winter Low Temperature
17°F
Average Summer High Temperature
80°F
Annual Snowfall
26''

Area Factors

Somewhat Bikeable

Bike Score®®

25 / 100

Car-Dependent

Walk Score®®

4 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Peabody
Carol St. Pierre
Tache Real Estate, Inc.
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