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Peabody city, MA

ZIP 01960 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 01960

Median Home Value
$566,700
Median Rent
$1,793
Affordability Snapshot
$156,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,640/mo PITI).

23%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

26.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 01960 in Peabody city, MA, a household would need roughly $156,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,640. That is about 64% above the local median household income ($95,173), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
65.4%-0% vs US avg
x
Vacancy Rate
3.1%-70% vs US avg
x
Broadband Access
90.9%+5% vs US avg
x
4+ Bedrooms
3.5%-76% vs US avg
x
Built Pre-1939
3.8%-70% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
30.8%-38% vs US avg
x
Mortgage-Free
33.9%-11% vs US avg
x
$566,700
Home Value
$1,793
Rent
1966
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached50.5%
  • 1-unit attached4.7%
  • 2-9 units17.6%
  • 10+ units24.9%
  • Mobile home & other2.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$566,700
Median rent$1,793
Owner-occupied65.4%
Vacant3.1%
Price-to-income6.0x
Est. income to buy$156,000