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ZIP Code · MA

ZIP 01960

Part of Peabody, MA
Pop. 54,474·Essex County·81st most expensive ZIP in Massachusetts
Median rent (all units)
$2,812/mo
Year-over-Year
+2.8%
Month-over-Month
+1.0%
vs US Median
+$847
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 01960 · $2,812
More expensive than 87% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,040
1 BR
$2,160
2 BR
$2,560
3 BR
$3,080
4 BR+
$3,390
Research median
$2,560/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$33,744/yr
At $2,812/mo median
Location
StateMA
CountyEssex County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.8% YoY, +1.0% MoM), not inventory.
Demographics

Who lives here

ZIP 01960 (Peabody, MA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 34.9% of residents hold a bachelor's degree or higher.

Population
54,474
Median income
$96,501
Median age
45.2
Renters
34.6%
Age distribution
18.8%
18.4%
23.8%
14.8%
24.2%
Under 1818.8%
18–3418.4%
35–5423.8%
55–6414.8%
65+24.2%
Gender
48%
52%
Male48%
Female52%
Race & ethnicity
75.2%
14.6%
White75.2%
Black4.7%
Hispanic14.6%
Asian2.5%
Other3%
Education (25+)
29.9%
25.5%
34.9%
No HS diploma9.8%
HS diploma29.9%
Some college25.5%
Bachelor's+34.9%
Housing tenure
65.4%
34.6%
Owner65.4%
Renter34.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 01960 in Peabody, MA has changed in 5 years

Income
$83,539 → $96,501
up 15.5%
Population
54,051 → 54,474
up 0.8%
Renter share
34.6% → 34.6%
+0.0 pts
Bachelor's+
34.8% → 34.9%
+0.1 pts
Median age
46.5 → 45.2
-1.3 yrs

Local incomes tracked alongside that move, going from a median of $83,539 in 2021 to $96,501 more recently.

Community

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Local insights

Tips for renters in ZIP 01960

About renting in ZIP 01960

Last updated: July 20, 2026

ZIP code 01960 covers Peabody, MA. The median rent here is $2,812/mo as of July 2026. A 1-bedroom rents for a median of $2,160/mo. A 2-bedroom rents for a median of $2,560/mo.

At 35% of local median household income ($96,501/yr), ZIP 01960 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 01960?

As of July 20, 2026, the median monthly rent in ZIP 01960 (Peabody, MA) is $2,812. This is based on aggregated data from public sources and community submissions.

How does ZIP 01960 rent compare to the US average?

ZIP 01960's median rent of $2,812/mo is $847 (43%) above the US national median of $1,965/mo.

How does ZIP 01960 compare to other ZIPs in Massachusetts?

ZIP 01960 falls in the middle range for Massachusetts, ranking #81 out of 168 ZIPs at $2,812/mo.

How much income do you need to rent in ZIP 01960?

To keep rent at or below 30% of gross income, you would need to earn at least $112,000/year (~$54/hour full-time) to afford the median rent of $2,812/mo in ZIP 01960. The local median household income is $96,501/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 01960?

Rent in ZIP 01960 has increased 2.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 01960 an affordable place to rent?

ZIP 01960 is considered moderate for renters. At $2,812/mo, rent takes approximately 35% of the local median household income ($96,501/yr). The standard benchmark is 30%. ZIP 01960 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 01960 residents rent vs. own?

According to Census data, approximately 34.6% of ZIP 01960 households are renters, while 65.4% are owner-occupied. ZIP 01960 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 01960 compare to the rest of Peabody?

ZIP 01960 sits right at the Peabody citywide median of $2,812/mo.

When was rent data for ZIP 01960 last updated?

Rent data for ZIP 01960 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
35%
MODERATE

At $2,812/mo, rent takes ~35% of ZIP 01960's median household income ($96,501/yr). The standard benchmark is 30%.

ZIP 01960 35%Benchmark 30%
State income tax5%
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Schools nearby

Public schools near ZIP 01960 (Peabody, MA)

Recent submissions

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