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Somerville city, MA

ZIP 02145 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02145

Median Home Value
$784,900
Median Rent
$2,221
Affordability Snapshot
$216,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,042/mo PITI).

22%
Rent-to-Income Ratio

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

6.6x
Home Price-to-Income Ratio

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

29.4 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 02145 in Somerville city, MA, a household would need roughly $216,000 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 $5,042. That is about 81% above the local median household income ($119,167), 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
34.3%-48% vs US avg
x
Vacancy Rate
5.7%-45% vs US avg
x
Broadband Access
94.0%+8% vs US avg
x
4+ Bedrooms
3.8%-74% vs US avg
x
Built Pre-1939
4.2%-67% vs US avg
x
Built Post-2014
1.6%-77% vs US avg
x
Rent Burden >30%
18.9%-62% vs US avg
x
Mortgage-Free
30.4%-20% vs US avg
x
$784,900
Home Value
$2,221
Rent
1938
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached13.4%
  • 1-unit attached7.0%
  • 2-9 units56.4%
  • 10+ units22.7%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$784,900
Median rent$2,221
Owner-occupied34.3%
Vacant5.7%
Price-to-income6.6x
Est. income to buy$216,000