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Somerville city, MA

ZIP 02143 — 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 02143

Median Home Value
$930,200
Median Rent
$2,319
Affordability Snapshot
$256,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,975/mo PITI).

22%
Rent-to-Income Ratio

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

7.4x
Home Price-to-Income Ratio

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

33.4 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 02143 in Somerville city, MA, a household would need roughly $256,000 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 $5,975. That is about 103% above the local median household income ($126,102), 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
31.2%-52% vs US avg
x
Vacancy Rate
6.0%-42% vs US avg
x
Broadband Access
93.5%+7% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
3.8%-70% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
15.7%-68% vs US avg
x
Mortgage-Free
24.8%-35% vs US avg
x
$930,200
Home Value
$2,319
Rent
1938
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached10.1%
  • 1-unit attached3.6%
  • 2-9 units62.0%
  • 10+ units24.3%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$930,200
Median rent$2,319
Owner-occupied31.2%
Vacant6.0%
Price-to-income7.4x
Est. income to buy$256,000