Housing Insights for ZIP Code 02114 (Boston, MA)

Housing Summary for ZIP Code 02114

Homeowners

The median home value in ZIP Code 02114 (Boston, MA) is $707,400. Approximately 24.3% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 5.2%.

The average occupancy of owner-occupied units in ZIP Code 02114 is 1.92 occupants, while owner-occupied units have an aggregate average size of 1.27 bedrooms per housing unit.

Renters

In the 02114 ZIP Code, an estimated 75.7% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 3.7%.

Among renter-occupied units in this ZIP, the average occupancy is 1.58 occupants, while renters in this Suffolk County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 02114

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 02114.

ZIP 02114 Massachusetts U.S.
Median Home Value $707,400 $656,427 $364,385
Owner-Occupied Housing Units 24.3% 62.4% 64.0%
Homeowner Vacancy Rate 5.2% 1.0% 1.6%
Average Size of Owner-Occupied Unit 1.92 2.69 2.70
Average # of Bedrooms Per Unit 1.27 2.66 2.75
Median Housing Rent $0 $1,282 $1,062
Renter-Occupied Housing Units 75.7% 37.6% 36.0%
Rental Vacancy Rate 3.7% 3.6% 6.0%
Average Size of Renter-Occupied Unit 1.58 2.25 2.49
Percent of Income Spent on Rent 0% 29.76% 29.83%

Home Values in ZIP Code 02114 (Boston, MA)

The median home value in ZIP Code 02114 is $707,400. That median value is about 85% higher than the median home value of $381,600 in Massachusetts overall, and is 225% higher than the $217,500 the median home value in the entire U.S. Approximately 49.0% of homes in ZIP Code 02114 are valued $500,000 to $999,999. That is 93% higher than in the state ofMassachusetts, where 25.4% of homes are valued at $500,000 to $999,999, and is about 330% higher than in the U.S. overall (11.4% of homes valued at $500,000 to $999,999). The home value range that the smallest portion of ZIP Code 02114 homes fall into is $100,000 to $149,999 (0.0% of homes).

Home Values in ZIP Code 02114

This chart visualizes the breakdown of home values in ZIP Code 02114, Massachusetts, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 02114 vs. home values in both the state of Massachusetts and in the U.S. overall.

Home Values in ZIP Code 02114

See the table below for a regional comparison of home values in ZIP Code 02114.

Home Value ZIP 02114 Massachusetts U.S.
Less than $50,000 0.5% 1.5% 6.9%
$50,000 to $99,999 0.0% 1.4% 12.0%
$100,000 to $149,999 0.0% 3.4% 13.3%
$150,000 to $199,999 0.7% 7.2% 14.0%
$200,000 to $299,999 1.5% 19.5% 19.6%
$300,000 to $499,999 17.5% 35.9% 19.3%
$500,000 to $999,999 49.0% 25.4% 11.4%
$1,000,000 or more 30.8% 5.8% 3.4%

Home Ages in ZIP Code 02114 (Boston, MA)

Approximately 43.0% of homes in this Boston, MA region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 02114 is about 32% higher than percentage of homes built in this time period in Massachusetts overall (32.5% of homes), and is 241% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 13.8% of local homes were built in 1970 to 1979. On the other end of the scale, just 1.3% of homes in this Suffolk County ZIP Code were built in 1940 to 1949 in ZIP Code 02114. In comparison, 5.5% of homes in Massachusetts overall were built in 1940 to 1949, while 4.9% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 02114

A detailed regional comparison of home ages in ZIP Code 02114.

Year Built ZIP 02114 Massachusetts U.S.
2014 or later 7.4% 1.6% 2.5%
2010 to 2013 3.2% 1.7% 2.7%
2000 to 2009 5.7% 7.1% 14.0%
1990 to 1999 4.0% 7.7% 13.9%
1980 to 1989 3.2% 10.8% 13.4%
1970 to 1979 13.8% 11.6% 15.2%
1960 to 1969 13.6% 10.2% 10.6%
1950 to 1959 4.7% 11.3% 10.3%
1940 to 1949 1.3% 5.5% 4.9%
1939 or earlier 43.0% 32.5% 12.6%

Age of Homes in ZIP Code 02114

See the chart below for details on the age of homes in ZIP Code 02114, Massachusetts, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 02114

Frequently asked questions about housing in this Boston, MA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 02114.

1

What is the average home value ZIP Code 02114?

The median home value in ZIP Code 02114 (Boston, MA) is $707,400.
2

Are homes expensive in ZIP Code 02114?

The median home value in 02114 ($707,400) is an estimated 85% higher than the aggregate median value of $381,600 in Massachusetts, and is 225% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 02114?

The vacacy rate for owner-occupied housing in ZIP Code 02114 is 5.2%. This rate is 420% higher than the overall Massachusetts owner-occupied vacancy rate of 1.0%. Additionally, the 02114 vacancy rate is 225% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 02114 have older homes or newer construction?

In ZIP Code 02114, about 43.0% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 13.8% of homes in the region were built in 1970 to 1979. In contrast, 1.3% of homes in 02114 were built in 1940 to 1949.
5

What is the housing breakdown in ZIP Code 02114? Are there more rentals or owner-occupied units?

There is more renter-occupied housing in 02114 than owner-occupied housing. Renter-occupied units make up 75.7% of housing, compared to 24.3% for owner-occupied units.
6

Are rental vacancy rates high in ZIP Code 02114?

The vacacy rate for rental units in ZIP Code 02114 is 3.7%. This rate is 3% higher than the overall Massachusetts vacancy rate of 3.6%. Additionally, the 02114 vacancy rate is 38% lower than the entire U.S. vacancy rate of 6.0%.