City-owned Homes And Land in Peabody, MA

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Foreclosure Homes in Peabody, MA

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Peabody, MA area at Get information on foreclosure homes for rent, how to buy foreclosures in Peabody, MA and much more. Save thousands at closing with home foreclosure listings in Peabody, MA — up to 75% off market value!

Top Reasons To Live In Peabody, MA In 2023

Peabody is located in Essex, Massachusetts, with an estimated municipal population of 53,070 residents. All of the best foreclosed homes for sale in Peabody are located in the following zip code areas on 01960 01961. The estimated population per square kilometer (.62 miles) in Peabody is 1,262.

Cost Of Living In Peabody, MA

So, about how much do homes cost in Peabody? The most recent median value of resident-owned homes in Peabody is 391,131. An estimated 65.8 percent of households in Peabody own their homes, with an average family size of 3.07. The median household income in Peabody is 73,217, with34.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Peabody, the median commute time of resident workers (in minutes) is 27.8. And last, but certainly not least, are you looking for homes to rent in Peabody? If so, the average rent price paid by renters in Peabody is 1,366, according to recent statistics.

Diversity And Demographics In Peabody, Massachusetts

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Peabody, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Peabody is 45.8, split between 48 percent male versus 52 female. The percentage of residents who report being married in Peabody is 49.1, with an average family size of 3.07.

The percentage of residents who report their race in Peabody is as follows:

White 89.9%
Black / African American 3.8%
Asian 1.1%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.7%
Other 2.1%

Looking for family-friendly neighborhoods in and/or near Peabody? Or maybe you are searching for 55+ active adult communities in and/or near Peabody?

The percentage of residents who report their age in Peabody is as follows:

Under 10 9.5%
Aged 10-19 9.6%
20s 13.1%
30s 12.5%
40s 10.1%
50s 15.4%
60s 13.5%
70s 8%
80+ 8.3%

Best Schools In Peabody, Massachusetts

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Peabody with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Peabody.

Pros And Cons Of Living In Peabody, Massachusetts

How do you know that living in -- or moving to -- Peabody is right where you need to be? Perhaps you grew up in Peabody or already live nearby; therefore, the decision to buy a home in Peabody is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Peabody for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Peabody:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Peabody.

Reasons To Move To Peabody, Massachusetts, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Peabody can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Peabody, meanwhile, can field multiple offers from more qualified buyers.

Peabody, MA City-owned Homes And Land


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