Housing Insights for ZIP Code 02188 (Weymouth, MA)

Housing Summary for ZIP Code 02188

Homeowners

The median home value in ZIP Code 02188 (Weymouth, MA) is $374,800. Approximately 60.2% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.6%.

The average occupancy of owner-occupied units in ZIP Code 02188 is 2.69 occupants, while owner-occupied units have an aggregate average size of 2.46 bedrooms per housing unit.

Renters

In the 02188 ZIP Code, an estimated 39.8% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 1.7%.

Among renter-occupied units in this ZIP, the average occupancy is 1.96 occupants, while renters in this Norfolk County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 02188

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 02188.

ZIP 02188 Massachusetts U.S.
Median Home Value $374,800 $656,427 $364,385
Owner-Occupied Housing Units 60.2% 62.4% 64.0%
Homeowner Vacancy Rate 0.6% 1.0% 1.6%
Average Size of Owner-Occupied Unit 2.69 2.69 2.70
Average # of Bedrooms Per Unit 2.46 2.66 2.75
Median Housing Rent $0 $1,282 $1,062
Renter-Occupied Housing Units 39.8% 37.6% 36.0%
Rental Vacancy Rate 1.7% 3.6% 6.0%
Average Size of Renter-Occupied Unit 1.96 2.25 2.49
Percent of Income Spent on Rent 0% 29.76% 29.83%

Home Values in ZIP Code 02188 (Weymouth, MA)

The median home value in ZIP Code 02188 is $374,800. That median value is about 2% lower than the median home value of $381,600 in Massachusetts overall, and is 72% higher than the $217,500 the median home value in the entire U.S. Approximately 72.8% of homes in ZIP Code 02188 are valued $300,000 to $499,999. That is 103% higher than in the state ofMassachusetts, where 35.9% of homes are valued at $300,000 to $499,999, and is about 277% higher than in the U.S. overall (19.3% of homes valued at $300,000 to $499,999). The home value range that the smallest portion of ZIP Code 02188 homes fall into is $1,000,000 or more (0.3% of homes).

Home Values in ZIP Code 02188

This chart visualizes the breakdown of home values in ZIP Code 02188, Massachusetts, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 02188 vs. home values in both the state of Massachusetts and in the U.S. overall.

Home Values in ZIP Code 02188

See the table below for a regional comparison of home values in ZIP Code 02188.

Home Value ZIP 02188 Massachusetts U.S.
Less than $50,000 1.1% 1.5% 6.9%
$50,000 to $99,999 1.2% 1.4% 12.0%
$100,000 to $149,999 1.7% 3.4% 13.3%
$150,000 to $199,999 1.2% 7.2% 14.0%
$200,000 to $299,999 11.8% 19.5% 19.6%
$300,000 to $499,999 72.8% 35.9% 19.3%
$500,000 to $999,999 9.9% 25.4% 11.4%
$1,000,000 or more 0.3% 5.8% 3.4%

Home Ages in ZIP Code 02188 (Weymouth, MA)

Approximately 23.3% of homes in this Weymouth, MA region were built in 1950 to 1959. This amount of homes built in 1950 to 1959 in ZIP Code 02188 is about 106% higher than percentage of homes built in this time period in Massachusetts overall (11.3% of homes), and is 126% higher the percentage (10.3% of homes) in the U.S. as a whole. Additionally, an esimated 18.3% of local homes were built in 1939 or earlier. On the other end of the scale, just 0.6% of homes in this Norfolk County ZIP Code were built in 2014 or later in ZIP Code 02188. In comparison, 1.6% of homes in Massachusetts overall were built in 2014 or later, while 2.5% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 02188

A detailed regional comparison of home ages in ZIP Code 02188.

Year Built ZIP 02188 Massachusetts U.S.
2014 or later 0.6% 1.6% 2.5%
2010 to 2013 1.0% 1.7% 2.7%
2000 to 2009 6.4% 7.1% 14.0%
1990 to 1999 8.3% 7.7% 13.9%
1980 to 1989 5.0% 10.8% 13.4%
1970 to 1979 15.9% 11.6% 15.2%
1960 to 1969 10.5% 10.2% 10.6%
1950 to 1959 23.3% 11.3% 10.3%
1940 to 1949 10.5% 5.5% 4.9%
1939 or earlier 18.3% 32.5% 12.6%

Age of Homes in ZIP Code 02188

See the chart below for details on the age of homes in ZIP Code 02188, 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 02188

Frequently asked questions about housing in this Weymouth, MA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 02188.

1

What is the average home value ZIP Code 02188?

The median home value in ZIP Code 02188 (Weymouth, MA) is $374,800.
2

Are homes expensive in ZIP Code 02188?

The median home value in 02188 ($374,800) is an estimated 2% lower than the aggregate median value of $381,600 in Massachusetts, and is 72% 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 02188?

The vacacy rate for owner-occupied housing in ZIP Code 02188 is 0.6%. This rate is 40% lower than the overall Massachusetts owner-occupied vacancy rate of 1.0%. Additionally, the 02188 vacancy rate is 63% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 02188 have older homes or newer construction?

In ZIP Code 02188, about 23.3% of homes were built in 1950 to 1959. That time range includes the most home construction. Also, 18.3% of homes in the region were built in 1939 or earlier. In contrast, 0.6% of homes in 02188 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 02188? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 02188 than renter-occupied housing. Owner-occupied units make up 60.2% of housing, compared to 39.8% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 02188?

The vacacy rate for rental units in ZIP Code 02188 is 1.7%. This rate is 53% lower than the overall Massachusetts vacancy rate of 3.6%. Additionally, the 02188 vacancy rate is 72% lower than the entire U.S. vacancy rate of 6.0%.