Peabody, MA Real Estate And Community Resources Guide

The area of Peabody was first settled in 1626 and was known as Northfields, "the Farms", and Brooksby. The area was originally incorporated as part of Danvers, but later broke off in 1855 to be known as south Danvers.

Finally in 1868 the name was changed to Peabody, named after the philanthropist George Peabody, and became incorporated as a city in 1916. With many streams running through the area, Peabody was a perfect location for water-powered mills. Into the 20th century, the City of Peabody was well known for its importance in the leather industry, sometimes called Leather City.

Peabody, Massachusetts is 16.9 square miles and is located at the intersection of Route 1, Route 128, and I-95. Peabody, MA is located in Northeast Massachusetts and boarders Danvers, MA and Middleton, MA to the North, Lynn, MA to the South, Salem, MA to the East, and Lynnfield, MA to the West. Just 18 miles north of Boston, it is only a short commute for those employed in Boston and other who need to access Logan International Airport.

Peabody, MA is home to the Peabody Veteran Memorial High School. The High School sports teams are known as the Tanners, named after Peabody’s history in the Leather industry. The High School is rather large, holding grades 9-12 and nearly 2,000 students. Bishop Fenwick High School is a small Catholic high school that is also located in Peabody near the Salem, MA border. Bishop Fenwick serves students all over the north shore, but mostly attracts students from the surrounding towns of Salem, Beverly, Danvers, Lynnfield, and Middleton.

Peabody has a wide variety of activities to offer the entire family. From golf courses, ice skating rinks and beautiful parks, to the area’s premier shopping center, there is something for everyone in Peabody. People from all over the North Shore come to Peabody to shop at the North Shore Mall. The mall is known as one of the areas premier shopping centers. With all the popular department stores and more than 120 specialty stores, the North Shore Mall offers everything from retail to restaurants and entertainment.

Real Estate in Peabody is rather diverse. Combined with a nice downtown area and impressive schools, it's prime location makes residences in Peabody some of the most highly sought-after. Between October 2008 and October 2009, the mean and median single-family home prices were $306,031 and $299,000 respectively. Peabody has one of the lowest property tax rates in Massachusetts, and a municipal light plant, making electric bills quite low as well.

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