Zip 02116 (Boston, MA) Housing

Housing in 02116 Boston, MA is quite expensive compared to the national average. The median value of a house in this area is $1,400,700 while the US median value is only $338,100. Despite this large difference in home values, the appreciation rate for homes in 02116 Boston, MA is still lower than the national rate of 8.27%, coming in at 5.64%. This suggests that housing prices in this area may be stabilizing or slowing down but still remain expensive relative to other cities and states throughout the country.

The median home cost in Boston (zip 02116) is $1,400,700. Home appreciation the last 10 years has been 104.4%. Home Appreciation in Boston (zip 02116) is up 10.6%.

Average Age of Homes

- The median age of Boston (zip 02116) real estate is 78 years old

The Rental Market in Boston (zip 02116)

- Renters make up 53.0% of the Boston (zip 02116) population
- 3.9% of houses and apartments in Boston (zip 02116), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Boston, Massachusetts	United States
	14,288.0	139,647,020.0
	76	42
	$1,400,700	$338,100
	10.6%	16.6%
	44.8%	57.0%
	104.4%	101.1%
	$6.93	$10.98
	$10,001	$2,690
	29.5%	57.4%
	18.1%	11.2%
	52.5%	31.4%
Vacant Housing
	3.9%	1.9%
	1.0%	0.4%
	0.7%	0.7%
	0.8%	0.4%
	8.3%	3.6%
	3.4%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.2%	3.9%
	0.0%	4.5%
	0.0%	11.3%
	0.0%	13.0%
	0.2%	20.1%
	3.7%	13.6%
	1.5%	8.3%
	13.4%	9.7%
	13.8%	3.9%
	19.1%	2.2%
	12.5%	0.8%
	34.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.8%	13.6%
	10.8%	13.6%
	1.9%	13.6%
	6.8%	13.2%
	6.2%	14.8%
	1.9%	13.6%
	3.2%	10.0%
	2.7%	4.7%
	58.4%	12.2%