ZIP Code · MA

ZIP 01960

Part of Peabody, MA

Pop. 54,474·Essex County·70th most expensive ZIP in Massachusetts

Median rent (all units)

$2,836/mo

Year-over-Year

+2.2%

Month-over-Month

+0.4%

vs US Median

+$904

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 01960 · $2,836

More expensive than 88% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 01960 is at its highest level since Zillow's records here began in February 2022.

Past year vs. the rest of Massachusetts

Rent in ZIP 01960 changed +2.2% over the year to September 2026. Across the 140 Massachusetts ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent has risen 5 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($96,501) is $2,413 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,160); a 2-bedroom is $2,560.

Cheaper nearby

ZIP 01902, 5 miles away, rents for 19% less ($2,302/mo), about $6,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 01960. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$34,032/yr

At $2,836/mo median

Location

CityPeabody

StateMA

CountyEssex County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.2% YoY, +0.4% 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

2022 vs 2026

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

Rent

$2,440 → $2,836

up 16.2%

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

Compared with 2022, rent in ZIP 01960 in Peabody, MA has increased by $396 per month, settling near $2,836 after starting the period at $2,440. Local incomes tracked alongside that move, going from a median of $83,539 in 2021 to $96,501 more recently. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 01960 in Peabody, MA market of 2022.

Community

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Local insights

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About renting in ZIP 01960

Last updated: October 17, 2026

ZIP code 01960 covers Peabody, MA. The median rent here is $2,836/mo as of October 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 2.2% over the past year.

FAQ

Frequently asked questions

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 $113,000/year (about $54/hour full-time) to afford the median rent of $2,836/mo in ZIP 01960. The local median household income is $96,501/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 01960?

Rent in ZIP 01960 has risen 2.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2022.

How does ZIP 01960 compare to other ZIPs in Massachusetts?

ZIP 01960 is in the middle among Massachusetts ZIP codes for rent, ranking #70 of 164 at $2,836/mo. Over the year to September 2026, rent in ZIP 01960 changed +2.2%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.