Home Price Key
Affordable
Average
Expensive
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 $185,044, higher than the Indiana average of $175,617.
The average cost of rent is $851/mo in Peabody, primarily driven by the current value of real estate in the Peabody area. While nearly 35.17% of residents own their homes outright in Peabody, 9.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in Peabody is $6,000 per month. Households that rent pay about 14.18% of their income on rent here. Peabody's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
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Cities with Similar Populations
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- Stafford, OK: less expensive homes
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- St. George, ME: higher priced homes
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- 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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