The story of this market
The typical home in ZIP 02116 sells for about $1,355,771.
Prices are roughly flat from a year ago (+0.6%), a market in balance. Homes take about 75 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $3,372 a month.
ZIP 02116 — Boston
The 02116 housing market remains highly exclusive with median home values exceeding $1.35 million, reflecting strong demand for prime urban real estate. While year-over-year price growth is modest at 0.6%, the market is characterized by high barriers to entry and a significant reliance on the rental sector. Data for sales counts and specific tax rates were not available at the ZIP level for this report.
This ZIP is ideal for affluent professionals, academics, and downsizers who prioritize walkability, access to world-class cultural amenities, and proximity to Boston's central business district.
Median prices moved up 0.6% year over year.
Homes spend a median of 75 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.7% · poverty 16.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 0.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 02116, Suffolk County, MA
The area is served by the Boston Public Schools district, which provides a range of educational options including specialized exam schools and neighborhood schools.
The area is a dense urban environment with standard coastal flood risks associated with the Boston harbor area.
The area benefits from proximity to major academic and medical institutions, driving consistent demand for high-end residential and commercial space.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Massachusetts) — Massachusetts Local Property Tax: Ad valorem tax calculated as (Municipal Budget / Total Assessed Value of all taxable property) = Tax Rate per $1,000 of assessed value. Assessments must be at 100% of full and fair cash (market) value.
The ZIP is highly walkable and well-served by the MBTA Green and Orange lines, providing direct access to the downtown Boston employment core.
Residents have immediate access to the Boston Public Garden, the Esplanade along the Charles River, and the high-end retail and dining districts of Back Bay and Newbury Street.
The rental market is characterized by high demand and low vacancy rates, driven by the area's proximity to major universities and the downtown business district.
The economy is anchored by higher education, healthcare, and professional services, with significant influence from nearby universities and research institutions.
The area is a central hub for the MBTA subway system, with multiple lines converging in the vicinity, facilitating easy regional transit.
Ongoing urban infill and luxury residential redevelopment projects continue to shape the neighborhood's high-density character.
The City of Boston Assessing Department manages property valuations for tax purposes, utilizing annual market-based assessments.
Parcels are subject to City of Boston municipal taxes and are served by the Boston Public Schools district.
Property insurance premiums in this coastal urban area are influenced by flood zone designations and the age of the building stock.
Data retrieved from US Census Bureau and Areazine ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
- Boston Tea Party Ships & Museum4.61.3 mi
- F1 Arcade Boston4.51.7 mi
- Museum of Illusions Boston4.51.3 mi
- Boda Borg Boston4.75.1 mi
- K1 Speed Boston-Wilmington4.214.7 mi
- Fenway Park4.81.1 mi
- TD Garden4.61.2 mi
- Thomas M. Menino Convention & Exhibition Center4.51.6 mi
- Topgolf Boston - Canton3.911.6 mi
- MGM Music Hall at Fenway4.41 mi
- Fenway Park4.81.1 mi
- Boston Common4.70.6 mi
- Museum of Fine Arts, Boston4.81.3 mi
- New England Aquarium4.41.5 mi
- Harvard Square4.62.6 mi
- Museum of Fine Arts, Boston4.81.3 mi
- Boston Public Library4.80.3 mi
- Isabella Stewart Gardner Museum4.71.5 mi
- Museum of Science4.71.1 mi
- Boston Tea Party Ships & Museum4.61.3 mi
- Boston Common4.70.6 mi
- Franklin Park Zoo4.43.4 mi
- Public Garden4.80.3 mi
- Charles River Esplanade4.80.2 mi
- Arnold Arboretum of Harvard University4.83.9 mi
- Community Boating, Inc.4.60.5 mi
- MIT Sailing Pavilion4.90.7 mi
- Atlantic Wharf4.61.2 mi
- Constitution Marina4.61.5 mi
- Charlestown Marina4.82.1 mi
- Topgolf Boston - Canton3.911.6 mi
- Granite Links Golf Club4.67.7 mi
- Robert T. Lynch Municipal Golf Course3.95.2 mi
- George Wright4.56.5 mi
- Newton Commonwealth Golf Course44.8 mi
- Encore Boston Harbor4.32.9 mi
- Burlington Mall4.411.4 mi
- Prudential Center Boston4.50.5 mi
- Quincy Market4.51.2 mi
- Faneuil Hall Marketplace4.51.2 mi
- Boston Logan International Airport4.13.5 mi
- Park Shuttle & Fly4.54 mi
- The Lounge3.43.3 mi
- DaCoopas Pizza4.13.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic public park and botanical garden.
Riverside park with walking and biking trails.
Premier shopping and dining destination.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).