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Boston city, MA

ZIP 02118 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02118

Median Home Value
$1,029,100
Median Rent
$1,630
Affordability Snapshot
$283,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$6,611/mo PITI).

22%
Rent-to-Income Ratio

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

11.4x
Home Price-to-Income Ratio

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

52.6 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 02118 in Boston city, MA, a household would need roughly $283,000 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 $6,611. That is about 214% above the local median household income ($90,142), 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
31.6%-52% vs US avg
x
Vacancy Rate
8.8%-15% vs US avg
x
Broadband Access
91.7%+5% vs US avg
x
4+ Bedrooms
0.8%-94% vs US avg
x
Built Pre-1939
2.7%-79% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
22.4%-55% vs US avg
x
Mortgage-Free
21.1%-45% vs US avg
x
$1,029,100
Home Value
$1,630
Rent
1950
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached1.8%
  • 1-unit attached3.9%
  • 2-9 units48.3%
  • 10+ units46.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,029,100
Median rent$1,630
Owner-occupied31.6%
Vacant8.8%
Price-to-income11.4x
Est. income to buy$283,000