Housing Insights for ZIP Code 02445 (Brookline, MA)

Housing Summary for ZIP Code 02445

Homeowners

The median home value in ZIP Code 02445 (Brookline, MA) is $937,100. Approximately 56.0% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.5%.

The average occupancy of owner-occupied units in ZIP Code 02445 is 2.61 occupants, while owner-occupied units have an aggregate average size of 2.76 bedrooms per housing unit.

Renters

In the 02445 ZIP Code, an estimated 44.0% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 0.4%.

Among renter-occupied units in this ZIP, the average occupancy is 2.30 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 02445

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 02445.

ZIP 02445 Massachusetts U.S.
Median Home Value $937,100 $656,427 $364,385
Owner-Occupied Housing Units 56.0% 62.4% 64.0%
Homeowner Vacancy Rate 0.5% 1.0% 1.6%
Average Size of Owner-Occupied Unit 2.61 2.69 2.70
Average # of Bedrooms Per Unit 2.76 2.66 2.75
Median Housing Rent $0 $1,282 $1,062
Renter-Occupied Housing Units 44.0% 37.6% 36.0%
Rental Vacancy Rate 0.4% 3.6% 6.0%
Average Size of Renter-Occupied Unit 2.30 2.25 2.49
Percent of Income Spent on Rent 0% 29.76% 29.83%

Home Values in ZIP Code 02445 (Brookline, MA)

The median home value in ZIP Code 02445 is $937,100. That median value is about 146% higher than the median home value of $381,600 in Massachusetts overall, and is 331% higher than the $217,500 the median home value in the entire U.S. About 46.6% of homes in ZIP Code 02445 are valued $1,000,000 or more. That is 703% higher than in Massachusetts, in which 5.8% of homes are valued at $1,000,000 or more, and is about 1271% higher than in the U.S. overall (3.4% of homes valued at $1,000,000 or more). The home value range that the smallest portion of ZIP Code 02445 homes fall into is $150,000 to $199,999 (0.2% of homes).

Home Values in ZIP Code 02445

This chart visualizes the breakdown of home values in ZIP Code 02445, Massachusetts, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 02445 vs. home values in both the state of Massachusetts and in the U.S. overall.

Home Values in ZIP Code 02445

See the table below for a regional comparison of home values in ZIP Code 02445.

Home Value ZIP 02445 Massachusetts U.S.
Less than $50,000 0.4% 1.5% 6.9%
$50,000 to $99,999 0.4% 1.4% 12.0%
$100,000 to $149,999 0.9% 3.4% 13.3%
$150,000 to $199,999 0.2% 7.2% 14.0%
$200,000 to $299,999 0.7% 19.5% 19.6%
$300,000 to $499,999 12.6% 35.9% 19.3%
$500,000 to $999,999 38.2% 25.4% 11.4%
$1,000,000 or more 46.6% 5.8% 3.4%

Home Ages in ZIP Code 02445 (Brookline, MA)

Approximately 55.1% of homes in this Brookline, MA region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 02445 is about 70% higher than percentage of homes built in this time period in Massachusetts overall (32.5% of homes), and is 337% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 10.8% of local homes were built in 1970 to 1979. On the other end of the scale, just 0.3% of homes in this Norfolk County ZIP Code were built in 2014 or later in ZIP Code 02445. 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 02445

A detailed regional comparison of home ages in ZIP Code 02445.

Year Built ZIP 02445 Massachusetts U.S.
2014 or later 0.3% 1.6% 2.5%
2010 to 2013 0.8% 1.7% 2.7%
2000 to 2009 3.5% 7.1% 14.0%
1990 to 1999 2.7% 7.7% 13.9%
1980 to 1989 7.1% 10.8% 13.4%
1970 to 1979 10.8% 11.6% 15.2%
1960 to 1969 10.8% 10.2% 10.6%
1950 to 1959 3.5% 11.3% 10.3%
1940 to 1949 5.5% 5.5% 4.9%
1939 or earlier 55.1% 32.5% 12.6%

Age of Homes in ZIP Code 02445

See the chart below for details on the age of homes in ZIP Code 02445, 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 02445

Frequently asked questions about housing in this Brookline, MA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 02445.

1

What is the average home value ZIP Code 02445?

The median home value in ZIP Code 02445 (Brookline, MA) is $937,100.
2

Are homes expensive in ZIP Code 02445?

The median home value in 02445 ($937,100) is an estimated 146% higher than the aggregate median value of $381,600 in Massachusetts, and is 331% 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 02445?

The vacacy rate for owner-occupied housing in ZIP Code 02445 is 0.5%. This rate is 50% lower than the overall Massachusetts owner-occupied vacancy rate of 1.0%. Additionally, the 02445 vacancy rate is 69% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 02445 have older homes or newer construction?

In ZIP Code 02445, about 55.1% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 10.8% of homes in the region were built in 1970 to 1979. In contrast, 0.3% of homes in 02445 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 02445? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 02445 than renter-occupied housing. Owner-occupied units make up 56.0% of housing, compared to 44.0% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 02445?

The vacacy rate for rental units in ZIP Code 02445 is 0.4%. This rate is 89% lower than the overall Massachusetts vacancy rate of 3.6%. Additionally, the 02445 vacancy rate is 93% lower than the entire U.S. vacancy rate of 6.0%.