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Newton city, MA

ZIP 02461 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02461

Median Home Value
$1,154,500
Median Rent
$2,762
Affordability Snapshot
$318,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$7,416/mo PITI).

16%
Rent-to-Income Ratio

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

5.6x
Home Price-to-Income Ratio

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

34.8 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 02461 in Newton city, MA, a household would need roughly $318,000 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 $7,416. That is about 53% above the local median household income ($207,292), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
77.5%+19% vs US avg
x
Vacancy Rate
8.7%-16% vs US avg
x
Broadband Access
97.6%+12% vs US avg
x
4+ Bedrooms
15.0%+1% vs US avg
x
Built Pre-1939
8.4%-35% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
36.4%-27% vs US avg
x
Mortgage-Free
38.6%+1% vs US avg
x
$1,154,500
Home Value
$2,762
Rent
1945
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached68.7%
  • 1-unit attached5.6%
  • 2-9 units15.3%
  • 10+ units10.4%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,154,500
Median rent$2,762
Owner-occupied77.5%
Vacant8.7%
Price-to-income5.6x
Est. income to buy$318,000