Penelope 120 §202 Senior Peabody, MA
Profile last updated · Data vintage: HUD FY2025
Penelope 120 is a Section 202 PRAC (Senior Housing) community in Peabody, MA with 48 units reporting 94% occupancy. Assisted residents pay about $558/month on average.
48
total units
94%
occupancy
$558
avg resident rent
—
reported wait
Resident & program facts (HUD-reported)
| Program(s) | Section 202 PRAC (Senior Housing) |
|---|---|
| Address | 98 Central St, Peabody, MA Map → |
| Average household income | $26,064/yr |
| Average personal income | $25,021/yr |
| People per unit | 1 |
| Moved in within last year | 8% |
| Households below 30% AMI | 77% |
| Households below 50% AMI | 100% |
| One-bedroom share | 100% |
How to apply at Penelope 120
Section 202 PRAC: independent senior living (62+) with income-based rents and on-site service coordination.
- Call or visit the management office at 98 Central St, Peabody; ask if the waitlist is open and request an application.
- Gather ID, Social Security cards, birth certificates, and proof of all income. Applications are always free.
- Claim eligible preferences (homelessness, veteran, local residency) with documentation.
- Respond fast to interview letters; verify rent expectations against your budget (~$558/mo average here).
Other subsidized housing in Peabody
- Tannery LIHTCPB Section 8
- Tannery Ii PB Section 8
- Peabody House PB Section 8
- Seeglitz / Peabody H.a. PB Section 8
- Brown School Residences LIHTCPB Section 8
- Family Quarters, Inc §811
- 811 - Tannery in Peabody §811 PRA
Nearby subsidized housing (within ~10 km)
| Property | Location | Distance |
|---|---|---|
| Nan §811 | Danvers | 1.4 km |
| Salem Heights Preservation Assoc LIHTC | Salem | 2 km |
| Boston Street LIHTCPB Section 8 | Salem | 2 km |
| Boston Street Crossing LIHTCPB Section 8 | Salem | 2 km |
| Fairweather Apts LIHTC | Salem | 2.8 km |
| Fairweather Apartments PB Section 8 | Salem | 2.8 km |
| Ao Flats LIHTCPB Section 8 | Haverhill | 2.8 km |
| Fairweather Apartments PB Section 8 | Salem | 2.8 km |
← All subsidized housing in Peabody
Frequently asked questions
What kind of subsidy does Penelope 120 have?
Section 202 PRAC (Senior Housing). Section 202 PRAC: independent senior living (62+) with income-based rents and on-site service coordination.
How much is rent at Penelope 120?
Residents report average rents near $558/month in HUD administrative data. Under most federal programs you pay roughly 30% of adjusted income — your actual amount depends on household income and unit size.
How do I apply at Penelope 120?
Contact the management office at 98 Central St in Peabody. Ask whether the waitlist is open, request an application, and claim any preferences you qualify for. There is never a fee to apply for HUD-subsidized housing.