Real Estate Investing in Peabody, Massachusetts (01960)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01960 (Peabody, MA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Peabody, MA (01960)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01960 Peabody
On the rental side, ZIP 01960 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $709K median. It rewards specialists, not generalists.
Rent of $2,823/mo on a $709K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 01960 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Peabody have seen price recovery that 01960 has not matched. Essex County data supports the view that the spread is structural rather than temporary.
From an investor standpoint, 53,961 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. robust returns are possible in 01960, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Peabody:
Property Strategy for 01960
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $366,928 | $2,160 | 4.2% | +6.0% | $366,928 |
| 2BR | $528,293 | $2,560 | 3.5% | +6.2% | $264,146 |
| 3BR | $690,421 | $3,080 | 3.2% | +6.2% | $230,140 |
| 4BR | $790,083 | $3,390 | 3.1% | +6.2% | $197,521 |
| 5BR | $883,457 | — | — | +6.4% | $176,691 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01960 Compare?
| Metric | 01960 | Peabody | Massachusetts |
|---|---|---|---|
| Home Value | $708,672 | $708,672 | $645,115 |
| 5-Year CAGR | 4.4% | 4.4% | 7.0% |
| Avg Rent | $2,823 | $2,823 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01960 (Peabody, MA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 01960 (Peabody, MA)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Essex County
Manage rentals here? List your business →MRS Property Management offers full-service property management and tenant placement for apartments, houses, and commercial rentals across the North Shore area and Southern New Hampshire. summary from their website
CNR Property Management provides expert property management and maintenance solutions. summary from their website
This domain is for sale for $2,295 or monthly payments. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $708,672 |
| Monthly Rent | $2,823 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | -4.6% ▼ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 01960
Population: 53,961
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 01960
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,301 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of tenants rent in Peabody, MA?
Expect a solid tenant pool in Peabody, MA. The rental market absorbs $2,823/mo rents without meaningful friction.
Is rental property easy to operate in Peabody, MA?
For rental operators, Peabody, MA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
What is the median home value in Peabody, MA?
The median home value in Peabody, MA is roughly $709K. That puts it reasonable relative to the MA statewide average.
How should investors approach Peabody, MA?
The best-fit strategy in Peabody, MA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the rental occupancy rate in Peabody, MA?
Peabody, MA carries elevated vacancy risk. Expect even-keeled absorption at market rents of $2,823/mo.
You know 01960 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01960 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 01960 ranks in Boston-Cambridge-Newton, MA-NH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 01960 (Peabody)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 01960 (Peabody, MA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.