Preheat your oven to 350°F (175°C). Line a 12-cup muffin tin with cupcake liners.
In a medium bowl, whisk together the flour, baking powder, baking soda, and salt.
In a large bowl, beat the softened butter and cream cheese together until smooth and creamy.
Gradually add the sugar and continue to beat until light and fluffy.
Add the eggs one at a time, mixing well after each addition.
Stir in the vanilla extract and honey until fully combined.
Gradually add the dry ingredients to the wet ingredients, mixing until just combined.
Gently fold in the diced peaches and cinnamon.
Divide the batter evenly among the cupcake liners, filling each about 2/3 full.
Bake for 18-20 minutes or until a toothpick inserted into the center comes out clean.
Allow the cupcakes to cool in the pan for 5 minutes, then transfer them to a wire rack to cool completely.