Historical Background
Peabody is a city in Essex County, Massachusetts, and was named after the philanthropist George Peabody. Originally part of Salem and later Danvers, Peabody developed into an industrial powerhouse in the late 18th and 19th centuries. It has since transformed into a vibrant residential city.
Peabody MA’s Demographics
As of the latest census, Peabody has a population of approximately 52,000. The town is known for its diverse age group, making homes for sale in Peabody an appealing choice for families, retirees, and young professionals alike.
Economy of Peabody MA
Homes for sale in Peabody come with a robust economy anchored by a diverse set of industries. It's not traditionally categorized as a 'wealthy' town, but it holds its own with a median household income higher than the national average.
Real Estate Market
The real estate market in Peabody is quite active, with homes for sale ranging from affordable to high-end luxury properties. The median price of a home for sale in Peabody is $672,000 par with the Massachusetts average, making it an attractive market for various income levels.
Life in Peabody MA: Is It a Good Place to Live?
Certainly! Homes for sale in Peabody are a great option as the town has a lot to offer. Let’s take a look at some of its benefits:
Education System
The Peabody Public School System is highly regarded, with numerous well-performing schools. There are also several reputable private schools and nearby universities, making homes for sale in Peabody a desirable location for families.
Safety and Security
Our homes for sale in Peabody boast a lower crime rate compared to other cities of similar size, and the city invests considerably in public safety.
Amenities and Recreational Facilities
Peabody offers numerous parks, a public library, a wealth of dining and shopping options, and the renowned Peabody Essex Museum. It is clear that homes for sale in Peabody are more than just homes, but also offer the benefits of a vibrant town with plenty to do and see.
Location and Accessibility
Peabody is approximately 20 miles north of Boston, making homes for sale in Peabody a feasible commute for those who work in the city but prefer a suburban lifestyle.
Commute and Public Transport
Public transportation is readily available, with bus routes and trains connecting Peabody to Boston and other surrounding towns. Homes for sale in Peabody make accessing cities like Boston easy.