Home / Select Cities  /  2024 Comparing Peabody, MA vs. Springfield, MA

2024 Compare Cities Housing:
Peabody, MA vs Springfield, MA

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Highlights
- The median age of a home in Peabody is 26.8% younger than the median age of a home in Springfield.

Housing
 Peabody, MASpringfield, MAUnited States
 Median Home Age567142
 Median Home Cost$580,200$240,800$338,100
 Home Appr. Last 12 months13.0%15.6%16.6%
 Home Appr. Last 5 yrs.51.0%60.6%57.0%
 Home Appr. Last 10 yrs.95.5%82.9%101.1%
 Property Tax Rate$9.9$18.0$11.0
 Homes Owned63.5%43.6%57.4%
 Housing Vacant3.1%7.7%11.2%
 Homes Rented33.3%48.7%31.4%
 space
 Avg Rent For Home Or Apartment
 Peabody, MASpringfield, MAUnited States
 Average Rent$2,770$1,520$1,840
 Studio Apartment$1,720$840$1,080
 1 Bedroom Home or Apartment$1,900$1,020$1,180
 2 Bedroom Home or Apartment$2,310$1,260$1,430
 3 Bedroom Home or Apartment$2,810$1,540$1,860
 4 Bedroom Home or Apartment$3,110$1,860$2,160
 space1
 Vacant Housing
 Peabody, MASpringfield, MAUnited States
 Vacant For Rent0.7%2.1%1.9%
 Vacant Rented0.0%0.3%0.4%
 Vacant For Sale0.3%0.5%0.7%
 Vacant Sold0.0%0.3%0.4%
 Vacant Vacation0.4%0.3%3.6%
 Vacant Other1.8%4.3%4.1%
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 Owner-Occupied Housing Value
 Peabody, MASpringfield, MAUnited States
 Less Than $20,0000.4%2.6%2.6%
 $20,000 to $39,9990.5%0.8%2.4%
 $40,000 to $59,9991.6%0.9%2.8%
 $60,000 to $79,9990.6%1.2%3.9%
 $80,000 to $99,9990.1%3.9%4.5%
 $100,000 to $149,9990.8%21.9%11.3%
 $150,000 to $199,9991.0%37.9%13.0%
 $200,000 to $299,99910.1%23.0%20.1%
 $300,000 to $399,99923.4%4.8%13.6%
 $400,000 to $499,99928.0%1.6%8.3%
 $500,000 to $749,99931.0%0.8%9.7%
 $750,000 to $999,9992.1%0.2%3.9%
 $1,000,000 to $1,499,9990.2%0.3%2.2%
 $1,500,000 to $1,999,9990.0%0.0%0.8%
 $2,000,000 and over0.3%0.1%1.1%
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 Housing Units By Year Built
 Peabody, MASpringfield, MAUnited States
 2015 and Newer0.0%0.1%0.2%
 2010 to 201412.3%2.5%13.6%
 2000 to 200912.3%2.5%13.6%
 1990 to 199910.5%3.6%13.6%
 1980 to 19899.9%7.2%13.2%
 1970 to 19796.9%9.9%14.8%
 1960 to 196910.5%3.6%13.6%
 1950 to 195916.1%16.5%10.0%
 1940 to 19494.5%10.7%4.7%
 1939 or Earlier20.6%38.6%12.2%

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Reviews for Peabody    0 Reviews

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Reviews for Springfield    15 Reviews

Over 5 years ago

Springfield is experiencing a rejeuvenation. Does the city have issues? Of course, what medium-sized city doesn't? During the past year, a new $1 billion MGM  More

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This city has a bad rep that is unwarranted. I just bought a terrific little house in a quiet and friendly neighborhood. Everywhere I go in this town, people are  More

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Over 10 years ago

I just moved to Springfield almost a year now. I moved there because I know the housing stock there is plentiful. It's also very affordable. The most affordable place to  More

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ZIPS IN PEABODY, MASSACHUSETTS
01960
ZIPS IN SPRINGFIELD, MASSACHUSETTS
01109, 01108, 01104, 01118, 01119, 01105, 01107, 01151, 01129, 01128, 11 total

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