Median Age
46 Years
Largest Age Group
60-69 Years
Approximately 14% of Residents
Under 20
20%
Over 65
25%
Peabody, MA
Area Guide
Avg Rent
$2,228
Population
54,262
Renter Mix
36% Rent
Charming North Shore community with a distinctive New England personality
Quiet
•
Commuter
•
History
Sitting on Massachusetts's North Shore, Peabody carries centuries of history beneath its well-kept neighborhoods and busy commercial corridors. Once a powerhouse of American leather tanning, the city has reinvented itself into a well-connected community blending everyday conveniences with genuine New England charm. Salem lies minutes away, while Boston is an easy commute via Route 128.
Life moves at a steady, manageable pace. Brooksby Farm draws residents for apple picking and seasonal events, while Winona Pond and nearby conservation areas offer quiet retreats. The Northshore Mall handles shopping needs, and Main Street dining keeps things interesting without requiring city trips. West Peabody features established streets lined with mature trees, while South Peabody offers newer developments near major routes.
The rental market spans traditional apartment communities, townhomes, and updated condos. Options range from cozy studios to spacious multi-bedroom layouts, accommodating various budgets and lifestyles.
Explore the City
Peabody bicycle riders enjoy trips along the Independence Greenway.
Peabody is easily accessible by U.S. Route 128.
Peabody is home to the North Shore Mall.
Enjoy the walking trails in Farnham Park.
Farnham Park offers outdoor activities for residents.
Large crowds gather every Sunday in summer for the Peabody Leather City Common Concert Series.
Demographics
Median Household Income
$85,820
Average: $105,426
Education
17,446
Residents Have a Degree
Job Market
28,387
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Peabody has more homeowners than renters.
Renters
36%
Non-Renters
64%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
27%
Other Education
73%
Rent Trends
As of June 2026, the average apartment rent in Peabody, MA is $1,524 for a studio, $2,228 for one bedroom, $2,911 for two bedrooms, and $3,477 for three bedrooms. Apartment rent in Peabody has decreased by -0.4% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$2,228/month
737 Sq Ft
Condo
$2,651/month
1,032 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Peabody, MA is for everyday living.
Somewhat Walkable
Walkability
30
/ 100
Exceptionally Drivable
Drivability
100
/ 100
Moderately Bikeable
Bikeability
70
/ 100
Scores provided by
Schools
South Memorial Elementary School
Public
Grades PK-5
446 Students
John E. Burke Elementary School
Public
Grades K-5
295 Students
West Memorial Elementary School
Public
Grades PK-5
283 Students
Thomas Carroll Elementary School
Public
Grades K-5
562 Students
Captain Samuel Brown Elementary School
Public
Grades K-5
375 Students
Public
Grades 6-8
1,271 Students
Public
Grades 6-8
1,271 Students
Peabody Veterans Memorial High School
Public
Grades 9-12
1,234 Students
Peabody Veterans Memorial High
Public
Grades 9-12
1,234 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Salem Maritime National Historic Site
- Lynn Woods
- Lynn Heritage State Park
- Saugus Ironworks National Historic Site
- Breakheart Reservation
Commuter Rail
Military Bases
Airports
- General Edward Lawrence Logan International
Top Apartments in Peabody
Houses for Rent in Peabody
Search Nearby Rentals
Nearby City Rentals
Nearby Neighborhood Rentals
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.