What Does $400,000 Buy In Peabody?

PEABODY, MA -- The median home price in Massachusetts is $395,000, but that's statewide. Everyone knows that the closer you get to Boston, the more you pay. But we found a few houses for sale in Peabody that fall close to that statewide median while allowing buyers to tap into all the convenience of living on Peabody.

Make no mistake about it, the homes are significantly smaller than the typical house in Peabody, where median prices are $409,000 and typical starter homes are even more expensive. But they do offer a foot into the market for people who can make due with less than 1,800-square feet of space.

17 Daniel Terrace, $399,900

At 1,800 square feet, this ranch was the biggest we found in the price range. The house has three bedrooms and two full baths, and just hit the market within the past week.

578 Lowell Street, $399,000

Pros for this Colonial include the two-car garage and a recent remodel. The home is also situate on a half-acre double lot: a rarity in Peabody these days.

10 Margaret Road, $399,900

The open concept living room/dining room has a fireplace for this well-maintained home, which just hit the market on Monday. The eat-in kitchen has a glass slider onto a large deck for outdoor entertaining.

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Photos by Realtor.com.