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Real Estate Prices & Overview

West Peabody median real estate price is $801,817, which is more expensive than 63.2% of the neighborhoods in Massachusetts and 84.7% of the neighborhoods in the U.S.

The average rental price in West Peabody is currently $4,773, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 87.6% of the neighborhoods in Massachusetts.

West Peabody is a suburban neighborhood (based on population density) located in Peabody, Massachusetts.

West Peabody real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the West Peabody neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In West Peabody, the current vacancy rate is 1.9%, which is a lower rate of vacancies than 87.1% of all neighborhoods in the U.S. This means that the housing supply in West Peabody is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Peabody, the West Peabody neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the West Peabody neighborhood has more Italian and French Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 40.2% of this neighborhood's residents have Italian ancestry and 13.5% have French Canadian ancestry.

West Peabody is also pretty special linguistically. Significantly, 2.0% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 99.1% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the West Peabody neighborhood in Peabody are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 88.3% of the neighborhoods in America. In addition, 2.2% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 74.4% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the West Peabody neighborhood, 44.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 21.1% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.2%), and 15.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the West Peabody neighborhood is English, spoken by 96.9% of households. Some people also speak Polish (5.8%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the West Peabody neighborhood in Peabody, MA, residents most commonly identify their ethnicity or ancestry as Italian (40.2%). There are also a number of people of Irish ancestry (25.2%), and residents who report French Canadian roots (13.5%), and some of the residents are also of English ancestry (9.5%), along with some Portuguese ancestry residents (4.9%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in West Peabody neighborhood spend between 15 and 30 minutes commuting one-way to work (41.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.9%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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