Home Values

02114 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$524,200

  • -3.2% 1-year change
  • -2.9% 1-year forecast

The median home value in 02114 is $524,200. 02114 home values have declined -3.2% over the past year and Zillow predicts they will fall -2.9% within the next year. The median list price per square foot in 02114 is $802, which is higher than the Boston average of $472. The median price of homes currently listed in 02114 is $649,000 while the median price of homes that sold is $590,896. The median rent price in 02114 is $2,500, which is higher than the Boston median of $2,400.

Foreclosures will be a factor impacting home values in the next several years. In 02114 2.1 homes are foreclosed (per 10,000). This is greater than the Boston value of 0.4 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 02114 is 1.6%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 02114 homeowners underwater on their mortgage is 11.3%, which is higher than Boston at 10.8%.

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Relative ZHVI
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02114 Market Overview

Data through Dec 31, 2014
  • $524,200 ZHVI
  • -2.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $649,000 Median listing price
  • No recent data Median sale price
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02114 Market Health

Data through Dec 31, 2014
  • 4.6/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 11.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 1.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.1 homes(Mar 31, 2014) 02114
0.4 homes Boston
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
02108 $1,129,200
02111 $776,300
02109 $695,800
Name Median ZHVI
02113 $465,700
 
 

Listings & Sales

Data through Dec 31, 2014
  • $802 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 11.1% Listings with price cut
17.8%
Sold below listing
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02114 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $2,700 02114
    $2,487 Boston
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,500 Rent list price
  • $3.67 Rent list price / sq ft
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