Home Values

02129 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

$583,000

  • 6.5% 1-year change
  • 1.7% 1-year forecast

The median home value in 02129 is $583,000. 02129 home values have gone up 6.5% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in 02129 is $574, which is higher than the Boston average of $469. The median price of homes currently listed in 02129 is $589,000 while the median price of homes that sold is $570,150. The median rent price in 02129 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 02129 1.2 homes are foreclosed (per 10,000). This is greater than the Boston value of 0.9 and also lower than the national value of 4.2

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 02129 is 0.0%, 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 02129 homeowners underwater on their mortgage is 8.9%, which is lower than Boston at 10.8%.

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Relative ZHVI
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02129 Market Overview

Data through Nov 30, 2014
  • $583,000 ZHVI
  • 1.7% 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
    (Nov 30, 2015)
  • $589,000 Median listing price
  • $570,150 Median sale price (Oct 31, 2014)
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02129 Market Health

Data through Nov 30, 2014
  • 7.4/10 Healthy
    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
  • 8.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 0.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.2 homes(Nov 30, 2012) 02129
0.9 homes Boston
4.2 homes United States
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Nearby Zip Codes

Name Median ZHVI
02108 $1,096,600
02109 $680,800
02141 $553,200
Name Median ZHVI
02114 $511,400
02113 $458,200
 

Listings & Sales

Data through Nov 30, 2014
  • $574 Median list price / sq ft
  • $577 Median sale price / sq ft (Oct 31, 2014)
  • No data Listings with price cut
3.4%
Sold below listing
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02129 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,810 02129
    $2,495 Boston
    $1,342 United States

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

  • 3.0 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
  • $3.00 Rent list price / sq ft
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