02121 Home Prices & Values

$283,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 11.1% 1-year change
  • 1.8% 1-year forecast

The median home value in 02121 is $283,100. 02121 home values have gone up 11.1% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in 02121 is $171, which is lower than the Boston average of $463. The median price of homes currently listed in 02121 is $245,993 while the median price of homes that sold is $265,000. The median rent price in 02121 is $1,800, which is lower than the Boston median of $2,395.

Foreclosures will be a factor impacting home values in the next several years. In 02121 24.5 homes are foreclosed (per 10,000). This is greater than the Boston value of 0.9 and also greater than the national value of 4.3

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 02121 is 19.2%, which is higher than the national value of 6.9%. 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 02121 homeowners underwater on their mortgage is 15.4%, which is higher than Boston at 12.2%.

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Relative ZHVI
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02121 Market Overview

Data through Aug 31, 2014
  • $283,100 ZHVI
  • 1.8% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $245,993 Median listing price (Jul 31, 2014)
  • No recent data Median sale price
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02121 Market Health

Data through Aug 31, 2014
  • 2.3/10 Less healthy What's This?  
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    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
  • 15.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 19.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

24.5 homes(May 31, 2014) 02121
0.9 homes Boston
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
02116 $825,900 02118 $630,000 02115 $561,000
02130 $439,000 02120 $357,100 02124 $334,900
02125 $317,600 02122 $310,400 02126 $292,300

Listings & Sales

Data through Jul 31, 2014
  • $171 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 25.0% Listings with price cut
18.2%
Sold below listing
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02121 Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,312 02121
$2,477 Boston
$1,328 United States
  • 1.5 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,800 Rent list price
  • $1.45 Rent list price / sq ft
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