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Boston city, MA

ZIP 02124 — Housing & Real Estate

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

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02124

Median Home Value
$607,200
Median Rent
$1,556
Affordability Snapshot
$167,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,900/mo PITI).

24%
Rent-to-Income Ratio

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

7.7x
Home Price-to-Income Ratio

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

32.5 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 02124 in Boston city, MA, a household would need roughly $167,000 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 $3,900. That is about 111% above the local median household income ($79,168), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
42.0%-36% vs US avg
x
Vacancy Rate
6.0%-42% vs US avg
x
Broadband Access
90.1%+4% vs US avg
x
4+ Bedrooms
6.2%-58% vs US avg
x
Built Pre-1939
7.5%-41% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
30.1%-39% vs US avg
x
Mortgage-Free
27.9%-27% vs US avg
x
$607,200
Home Value
$1,556
Rent
1938
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached17.9%
  • 1-unit attached8.1%
  • 2-9 units62.6%
  • 10+ units11.4%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$607,200
Median rent$1,556
Owner-occupied42.0%
Vacant6.0%
Price-to-income7.7x
Est. income to buy$167,000