HomeMassachusettsEssex CountyPeabody city
Peabody city, Massachusetts: commercial real estate data.
Peabody city is a Census city of 54,695 people across 16.24 square miles of land, in Essex County. Median household income is $96,657, 65.6 percent of occupied homes are owned, and the SBA record carries 126 7(a) approvals to borrowers here worth $27.1 m.
78 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Peabody
What Peabody is
- Census place typecity
- Land area16.24 sq mi
- Water area0.57 sq mi
- Population per square mile of land3,369
- County holding the largest share of its areaEssex County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Peabody
How many people live in Peabody
- Population54,695
- Median age45.3
- Population under 1810,249
- Share under 1818.7 percent
- Population 65 and over13,277
- Share 65 and over24.3 percent
- Households22,390
- Family households14,036
- Share of households that are families62.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Peabody
Income and work in Peabody
- Median household income$96,657
- Per capita income$51,060
- Civilian labor force29,646
- Employed28,195
- Unemployed1,451 plus or minus 329
- Unemployment rate4.9 percent plus or minus 1.1
- Adults 25 and over40,707
- Adults 25 and over with a high school diploma or higher90.3 percent
- Adults 25 and over with a bachelor degree or higher35.0 percent
- Adults 25 and over with a graduate degree12.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Peabody
Housing in Peabody
- Housing units23,081
- Occupied units22,390
- Vacant units691 plus or minus 288
- Vacancy rate3.0 percent plus or minus 1.2
- Owner occupied14,688
- Renter occupied7,702
- Ownership rate65.6 percent
- Median owner-occupied home value$596,200
- Median gross rent, monthly$1,950
- Annual rent as a share of median income24.2 percent
- Single family units12,820
- Share single family55.5 percent
- Units in buildings of two or more9,716
- Share in buildings of two or more42.1 percent
- Mobile homes545 plus or minus 131
- Median year structure built1966
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Peabody
How Peabody gets to work
- Workers 16 and over who commute24,491
- Commuting under 15 minutes5,827
- Share commuting under 15 minutes23.8 percent
- Commuting 30 minutes or more8,990
- Share commuting 30 minutes or more36.7 percent
- Drove alone77.4 percent
- Carpooled7.0 percent plus or minus 1.9
- Public transport1.9 percent plus or minus 0.8
- Walked1.0 percent plus or minus 0.4
- Worked from home10.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Peabody
SBA loans in Peabody (7(a))
- Approvals126
- Gross approval$27,147,600
- Average approval$215,457
- Median approval$100,000
- Ninetieth percentile approval$500,000
- Largest approval$2,129,000
- Jobs supported932
- Jobs per approval7.4
- Loans with a final outcome20
- Paid in full20
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- Median term120 months
- Share on real estate terms of 20 years or more4.0 percent
- Share to franchises3.2 percent
- Distinct lenders31
- Distinct industries by NAICS64
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Peabody
SBA loans in Peabody (504)
- Approvals33
- Gross approval$30,343,000
- Average approval$919,485
- Median approval$431,000
- Largest approval$5,000,000
- Jobs supported287
- Loans with a final outcome15
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Essex County, not Peabody
Essex County context, not Peabody figures
These are Essex County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Peabody measurements.
- Establishments in Essex County19,988
- Employment at those establishments, Essex County287,960
- Covered employment, Essex County323,694
- Average annual pay, Essex County$75,548
- Average weekly wage, Essex County$1,453
- Housing units permitted, Essex County1,011
- Of those, single family, Essex County393
- County product, 2024, Essex County$60,732,738,000
- County product change over the prior year, Essex County4.3 percent
- Average income of an arriving household, Essex County$106,455
Every figure in this section is published for Essex County as a whole and is not a measurement of Peabody. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Peabody questions, answered from the record.
How many people live in Peabody, Massachusetts?
54,695, in 22,390 households. Peabody city covers 16.24 square miles of land, which is 3,369 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Peabody in?
Essex County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Peabody?
$96,657. The median owner-occupied home is valued at $596,200. Median gross rent is $1,950 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Peabody businesses?
126 7(a) approvals totalling $27.1 m, across 31 lenders, median approval $100,000, plus 33 504 approvals worth $30.3 m. These count approvals to borrowers whose address is in Peabody, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Peabody borrowers get paid back?
Of the 20 loans that have reached a final outcome, 20 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Peabody figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Essex County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Peabody.
Is zoning published for Peabody?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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