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Boston city, MA

ZIP 02116 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02116

Median Home Value
$1,583,500
Median Rent
$2,236
Affordability Snapshot
$436,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$10,172/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

12.4x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

59.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 02116 in Boston city, MA, a household would need roughly $436,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $10,172. That is about 242% above the local median household income ($127,309), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 18% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
34.8%-47% vs US avg
x
Vacancy Rate
18.3%+78% vs US avg
x
Broadband Access
91.5%+5% vs US avg
x
4+ Bedrooms
1.0%-93% vs US avg
x
Built Pre-1939
1.4%-89% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
22.1%-55% vs US avg
x
Mortgage-Free
37.5%-2% vs US avg
x
$1,583,500
Home Value
$2,236
Rent
1938
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached2.4%
  • 1-unit attached3.3%
  • 2-9 units42.1%
  • 10+ units52.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,583,500
Median rent$2,236
Owner-occupied34.8%
Vacant18.3%
Price-to-income12.4x
Est. income to buy$436,000