Rental market snapshot for Peabody, Massachusetts

Peabody, Massachusetts Rental Property Market Overview

The average rent for an apartment in Peabody is $2,447. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 0.66% over the past year.

Peabody is a city located in Essex County, Massachusetts. The city has a population of 51,251 people and is the 10th largest city in the state. Peabody is located approximately 20 miles north of Boston and is considered part of the Greater Boston area. The city is home to several historical landmarks and is known for its strong public school system.

Last Updated December 23, 2022

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Average monthly rent graph in Peabody Massachusetts | Cost of Living

  • The most expensive ZIP Code in Peabody is 01960 with an average price of $2,505
  • The cheapest ZIP Code in Peabody is 01960 with an average price of $2,385

Peabody ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
101960$2,505

Live near Peabody, Massachusetts's Top Sights and Attractions

Sidneys Pond Conservation Area is a beautiful spot for a picnic or a nature walk. The pond is surrounded by trees and there are plenty of benches and picnic tables.

Connelly Park is a small park located in the center of the city. It is a popular spot for locals and tourists alike, as it offers a variety of activities and amenities. The park has a playground, a basketball court, a picnic area, and a walking path.

Leather City Common is a park located in the center of Peabody, Massachusetts. The park is home to a variety of events and activities throughout the year, including the annual Leather City Festival. The park also features a playground, a basketball court, and a picnic area.

Tanner Skatepark is a concrete skatepark with a street course and a bowl. The street course has a variety of obstacles, including ledges, rails, and stairs. The bowl is a deep, circular pool with a coping around the edge.

Lt Ross Park is a small park located in the center of Peabody, Massachusetts. The park is home to a variety of trees, shrubs, and flowers. There is also a small pond in the park that is home to a variety of fish and amphibians.

OConnor Park is a beautiful park located in the heart of Peabody, Massachusetts. The park features a variety of amenities including a playground, picnic area, walking trails, and a pond.

Lakeshore Park is a beautiful park located right on the water. There are plenty of benches to sit and relax on while enjoying the view, and there is also a walking path that goes around the entire park.

Raddin Park is a large park with a playground, a pond, and a walking trail. The playground has a swingset, a slide, and a climbing structure. The pond is surrounded by a grassy area, and the walking trail goes through the woods.

Peabody, Massachusetts area median rent change by ZIP Code map

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How does Peabody compare to other cities in Massachusetts ?

citymedian price
Lexington$3,600
Lynnfield$3,045
Concord$3,026
Lowell$2,156
Hingham$3,500
Arlington$2,625
Whitman$2,000

Average household income in Peabody area graph - US Census

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The median household income in Peabody in 2021 was $80,681. This represents a 23.2% change from 2011 when the median was $65,471.

#categorypercent
0Less than $10,0005.3%
1$10,000 to $14,9992.6%
2$15,000 to $19,9994.1%
3$20,000 to $24,9992.5%
4$25,000 to $29,9994.3%
5$30,000 to $34,9992.9%
6$35,000 to $39,9993.2%
7$40,000 to $44,9992.6%
8$45,000 to $49,9993.2%
9$50,000 to $59,9997.0%
10$60,000 to $74,9999.1%
11$75,000 to $99,99914.5%
12$100,000 to $124,99912.7%
13$125,000 to $149,9997.0%
14$150,000 to $199,9999.4%
15$200,000 or more9.6%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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