Peabody, MA Real Estate
According to census data in the year 2000 there were 18,898 housing units in Peabody.
This represents a 3.6% growth from 18,240 in 1990.
Of those housing units, 18,898 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Peabody is about 71.2%.
Peabody's vacancy rate, including seasonal lodging, is about 1.7%.
Average household size is 2.55 people.
The majority of houses, apartments or condos in Peabody were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 12.60% |
| Two Bedrooms | 28.20% |
| Three Bedrooms | 42.20% |
| Four Bedrooms | 13% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.78 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $215,900 |
| Median Price asked for vacant units | $320,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.98 |
| Median year structure was built | 1949 |
| Median Monthly Rent asked for vacant units | $605 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5% |
| Home Equity Loan | 11.80% |
| Simple Mortgage | 52.50% |
| Debt Free | 30.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.6% |
