ZIP 01960 · Peabody, Massachusetts

Population

54,474 people call ZIP 01960 home.

54,474

people.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Rent

Median rent is up 57% since the 2010–2014 survey, before inflation.

$1,950

a month. Massachusetts's median is $1,762.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

Room to build

The median rent is above what local wages can carry.

$1,120–$1,680

is the monthly rent range local workforce wages support.

• $1,950 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

Most of the housing here is older than 2000.

• 84% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Units needed

Closing the gap would add 0.3–1.0% to the 22,863 homes here.

78–236

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 6% more than Massachusetts's.

$596,700

median home value in ZIP 01960.

• $596,700 ZIP 01960
• $562,100 Massachusetts
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year