Affordability evidence
Peabody, MA home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Peabody, MA.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
The local figures answer the first question: In Peabody, MA, the 2024 ACS reports a median owner-occupied home value of $596,200, median household income of $96,657, and median selected monthly owner costs of $2,586 for owners with a mortgage. For borrower planning, together, those three reference points can still help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $2,586 measure combines recurring ownership expenses rather than real estate taxes alone. A useful affordability review starts with $596,200, $96,657, and $2,586, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Peabody, MA's $596,200 median home-value estimate is above the statewide $562,100 estimate, with a reported city-to-state gap of 6.1%.