Home Values

Boston 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

$441,000

  • 5.9% 1-year change
  • 1.6% 1-year forecast

The median home value in Boston is $441,000. Boston home values have gone up 5.9% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in Boston is $469, which is higher than the Boston Metro average of $224. The median price of homes currently listed in Boston is $499,000 while the median price of homes that sold is $458,250. The median rent price in Boston is $2,400, which is higher than the Boston Metro median of $2,200.

Foreclosures will be a factor impacting home values in the next several years. In Boston 0.9 homes are foreclosed (per 10,000). This is 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 Boston is 6.0%, 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 Boston homeowners underwater on their mortgage is 10.8%, which is higher than Boston Metro at 9.6%.

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Relative ZHVI
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Boston Market Overview

Data through Nov 30, 2014
  • $441,000 ZHVI
  • 1.6% 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)
  • $499,000 Median listing price
  • $458,250 Median sale price
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Boston Market Health

Data through Nov 30, 2014
  • 7.5/10 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
  • 10.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

0.9 homes Boston
4.2 homes United States
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Neighborhoods in Boston

Name Median ZHVI
Chinatown $844,600
Downtown Boston $839,200
South End $648,100
Name Median ZHVI
Beacon Hill $647,400
North End $609,400
South Boston $486,100
Name Median ZHVI
South Dorchester $363,500
North Dorchester $351,000
East Boston $304,900

Listings & Sales

Data through Nov 30, 2014
  • $469 Median list price / sq ft
  • $503 Median sale price / sq ft
  • No data Listings with price cut
9.5%
Sold below listing
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Boston Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,495 Boston
    $2,137 Boston Metro
    $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

  • 2.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,400 Rent list price
  • $3.07 Rent list price / sq ft
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