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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 $49,600, lower than the Kentucky average of $219,615.
The average cost of rent is $1,021/mo in Peabody, primarily driven by the current value of real estate in the Peabody area. In Peabody, 10.43% of households rent, and 58.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Peabody is $2,201 per month. Households that rent pay about 46.38% of their income on rent here. Peabody’s most expensive areas are in the eastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Big Creek, KY: equally priced homes
- Hector, KY: equally priced homes
- Bear Branch, KY: higher priced homes
- Jason, KY: higher priced homes
- Spring Creek, KY: higher priced homes
- Spurlock, KY: higher priced homes
- Bluehole, KY: higher priced homes
- Roark, KY: higher priced homes
- Oneida, KY: equally priced homes
- Essie, KY: higher priced homes
Cities with Similar Populations
- Ink, AR: higher priced homes
- Hunts Corner, ME: higher priced homes
- Hutchins, IA: higher priced homes
- Hyde Manor, VT: higher priced homes
- Iduna, WI: higher priced homes
- Ilasco, MO: higher priced homes
- Immanuel, AR: higher priced homes
- Inavale, NE: higher priced homes
- Indiana Beach, IN: higher priced homes
- Ingram, AL: higher priced homes
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