01960, Peabody, MA

The 1960 zip code of Peabody, MA, had a median home value of $27,000. This was significantly lower than the statewide median home value of $92,500. The majority of homes in this zip code were built before World War II and were typically small, single-family homes. Over the past few decades, however, the area has experienced a significant influx of young families and professionals who are seeking more spacious and affordable housing options. As a result, many of the older homes have been replaced by newer developments that feature larger dwellings and more amenities. Consequently, the average home value in this zip code has increased significantly over the past several years to reach an estimated $326,000 as of 2016.