Peabody Among State's Healthiest Housing Markets

Peabody, MA - Peabody is one of the healthiest housing markets in the state, according to a recent report.

Mayor Edward A. Bettencourt, Jr. lauded a report from the New York financial technology SmartAsset that ranked Peabody as the eighth healthiest housing market in Massachusetts. The study measures market health by the average number of years residents spend in homes, home values, ease of sale, and the costs associated with ownership.

“This report confirms what we have been seeing in Peabody during the past couple of years,” said Bettencourt. “The average residential home value increased this year by 6.7 percent and Peabody remains one of the most affordable places to live in all of Massachusetts.”

For more information on the study, please visit www.smartasset.com.