Peabody, MA

Population: 52,044
Average annual home appreciation rate: 6.11%
Total of homes for sale in this market: 4
Median home price: $369,536
Median Rent: $1,398 per room
Home price range: 40.69% of homes are between $333,001 – $444,000
Median sales price: $352,250
Number of homes: 91
Median foreclosure sales price: $254,200
Foreclosure discount: 28%
Most common home type: 49.77% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 3.47%
Number of renters: 37.25%
Number of owner occupied: 62.75%
Number people living below poverty level: 6.26%
Unemployment rate: 4.20%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Peabody area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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