Median Price
$605,000
$378/sqft
Schools
4.2/10
Average
Appreciation
4.5/10
Growth Potential
Commute
28 min
to Boston
Live Market Snapshot
Loading…Recently Sold in Peabody
View all 103 sales$0
Curated Median
103
Total Sales on Record
$0–0
Price Range
Well Over Median
3bd2ba2,000 sqft
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Well Over Median
3bd2ba1,847 sqft
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Well Over Median
5bd3ba2,875 sqft
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Well Over Median
4bd2ba2,012 sqft
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Well Over Median
3bd2ba1,800 sqft
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Well Over Median
6bd4ba3,444 sqft
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What Drives Prices in Peabody
Full breakdownDecomposition of the $605,000 median price into its underlying components.
Land Value$142,571 (24%)
Structure & Quality$570,284 (94%)
School Premium-$128,314 (-21%)
Access & Commute Premium$87,681 (15%)
Prestige & Stability Premium-$67,222 (-11%)
690
School Value Score
1200
Overall Value Score
The Peabody Vibe
Working-class North Shore city with honest prices and solid community feel
Peabody (say it: PEE-b'dee) was the leather capital of the world. Now it's solid middle-class North Shore with space, affordability, and zero pretense—real families, real life.
Highlights
💰 Most affordable North Shore with decent schools
🏬 Northshore Mall and retail corridor
🚂 Commuter rail to North Station
🏘️ Actual single-family homes with yards
Who It's For
✓ Great for
- •First-time buyers wanting North Shore affordability
- •Families seeking space and backyards
- •North Shore workers avoiding Salem tourist crush
- •Value seekers who don't need prestige
⚠ Consider elsewhere if
- •You need top schools or walkability
- •You want coastal/beach access
- •You hate suburban sprawl
Demographics
Population54,095
Median Age47.5
Median Household Income$116,767
Work from Home6.3%
Professional Sector41.1%
Insider Tips
- 1.West Peabody near Lynnfield border is nicest
- 2.Route 128 access is excellent for commuters
- 3.Say "PEE-b'dee" not "PEA-body" or you'll get corrected