Some pros of buying property in Peabody, Massachusetts include:

1. Location: Peabody is located within the Greater Boston area and offers easy access to the city via major highways and public transportation.

2. School District: Peabody has a great school district with multiple elementary schools, two middle schools, and a high school.

3. Amenities: Peabody offers plenty of shopping options, including the North Shore Mall, a movie theater, and various restaurants.

However, there are also some potential cons to consider:

1. Property Values: Peabody has a relatively high median home value compared to other areas in the state of Massachusetts, meaning that property may be more expensive.

2. Traffic: While Peabody is located close to Boston, it is also subject to heavy traffic on the major highways leading into the city.

3. Weather: As with other New England locations, Peabody is subject to harsh winters and snowstorms.

It's important to weigh both the pros and cons before making a decision about buying property in Peabody, Massachusetts. Make sure to do thorough research and speak with a qualified real estate agent to fully understand the local market and factors affecting property values.