Home prices
The median home cost in Peabody is $387,400. Compared to nearby areas it is about $71,440 (15%) lower.It is roughly $169,900 (78%) higher compared to the nation as a whole, and it is roughly $145,300 (27%) lower compared to the city of Boston.
Rents
The median monthly rent in Peabody is $1,366. In comparison to its nearby areas this is about $16 (1%) lower.It is approximately $304 (28%) higher compared to the United States as a whole, and in comparison to the city of Boston is roughly $254 (15%) lower.
Nearby places
Danvers
Danvers is Peabody's neighbor to the north. Real estate prices there are somewhat more expensive. The median home in Danvers is valued at $427,400, which works out to $40,000 (9%) higher than Peabody. Rent there is similar. Danvers's median rent is $1,398 per month, which is $32 (2%) higher than Peabody.
Lynnfield
Lynnfield is Peabody's neighbor to the west. The housing prices there are a lot more expensive. The median home in Lynnfield costs $670,700, which comes out to $283,300 (42%) higher than Peabody. The rent there is a bit more expensive. The median rent in Lynnfield is $1,669 per month, which is $303 (18%) higher than Peabody.
Salem
Salem is Peabody's neighbor to the southeast. The housing prices there are a bit less expensive. The price of the median home in Salem is $367,200, which comes out to $20,200 (5%) lower than Peabody. Rents there are a bit less expensive. In Salem the median monthly rent is $1,289, which works out to $77 (5%) lower than Peabody.
Lynn
Lynn is Peabody's neighbor to the south. Real estate prices there are somewhat less expensive. The median home in Lynn is valued at $323,100, which is $64,300 (19%) lower than Peabody. The rent there is somewhat less expensive. Lynn's median monthly rent is $1,189, which comes out to $177 (14%) lower than Peabody.
Wakefield
Wakefield is about 4 miles southwest of Peabody. Its housing prices are a little more expensive. The median home price in Wakefield is $505,800, which is $118,400 (23%) higher than Peabody. Rents there are pretty similar. In Wakefield the median monthly rent is $1,364, which is very similar to Peabody.
