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These days, finding an affordable place to live in the Peabody area can be challenging. Home prices in Peabody are now at a median cost of $248,030, higher than the Indiana average of $232,932.
The average cost of rent is $881/mo in Peabody, primarily driven by the current value of real estate in the Peabody area. In Peabody, 7.85% of households rent, and 41.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Peabody is $8,487 per month. Households that rent pay about 10.38% of their income on rent here. Peabody’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Etna, IN: less expensive homes
- Tunker, IN: higher priced homes
- Laud, IN: higher priced homes
- Columbia City, IN: less expensive homes
- Luther, IN: equally priced homes
- South Whitley, IN: less expensive homes
- Goblesville, IN: equally priced homes
- Lorane, IN: equally priced homes
- Collins, IN: less expensive homes
- Larwill, IN: equally priced homes
Cities with Similar Populations
- Ihlen, MN: less expensive homes
- Stafford, OK: less expensive homes
- St. Pats, KS: less expensive homes
- St. George, ME: higher priced homes
- St. Anthony, ND: less expensive homes
- St. Anthony, MO: less expensive homes
- Springerton, IL: less expensive homes
- Jamaica, IA: equally priced homes
- Jalapa, TN: less expensive homes
- Jacksonville, NJ: higher priced homes
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