Why Buy a Home in Peabody, MA: Suburban Value Just North of Boston

✅  Relative Affordability with Proximity to Boston

• Homes in Peabody are more affordable than in many Boston suburbs. As of mid-2025, median sale prices hover around $640–$650K, down 4–7% from last year
• Peabody is 15–18 miles north of Boston, offering easy access without the premium price tag of neighborhoods inside the city

✅  Strong Real Estate Market Demand & Competitive Environment

• The housing market is ranked 91 out of 100 meaning homes often receive multiple offers and sell above list price (~5% over list) in under 20 days
• Zillow reports very low inventory and strong migration trends from Boston buyers, keeping demand high

✅  Neighborhood Variety

• You’ll find an appealing mix of neighborhoods from historic Downtown and Washington Street areas rich with Victorian and Colonial architecture to West Peabody with larger lots and family‑friendly settings

✅  Rich History, Community & Green Space

• Peabody is known as “The Leather City” and hosts several historic districts like the Civic Center and Washington Street areas, many homes in lovely preserved styles
• The city maintains extensive parks, conservation areas, and trails like Brooksby Farm, Independence Greenway, Crystal Lake, and scenic forests nearby

✅  Shopping, Dining & Access to Amenities

• With the Northshore Mall right in town, plus local independent shops, restaurants, and cultural sites (e.g. North Shore Children’s Museum, small theaters), Peabody offers both convenience and quality of life

✅  Transportation & Infrastructure

• Major highways such as I‑95, Route 1, Route 128, and MBTA bus service run through town, and the Logan Express provides a shuttle to Boston’s Logan Airport
• Commuter rail access from neighboring Salem makes it feasible to live here and work in Boston without extreme travel times

✅ Peabody Municipal Light Plant (PMLP)

• PMLP is community owned, not-for-profit electric utility. Owned by the citizens of Peabody, it’s dedicated to providing safe, reliable electricity and high-quality service to its customers at some of the lowest rates in Massachusetts.

✅ Who Might Find Peabody Ideal?

• Families seeking neighborhood stability
• Commuters looking for Boston access with suburban value
• History and nature lovers drawn to charm, trails, and historic architecture
• First-time buyers or downsizers wanting affordability with amenities

If you’re seeking a home that blends affordable pricing, proximity to Boston, a strong sense of community, and access to green space and history, Peabody delivers on all fronts.

Peabody, MA Tourism Map