The story of this market
The typical home in ZIP 02199 sells for about $1,500,000, or $1,450 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $3,413 a month.
ZIP 02199 — Boston
The 02199 market remains a high-value, low-inventory enclave characterized by luxury rentals and high-end condominiums. Prices remain stable due to limited supply and high demand from affluent professionals, though the market is heavily skewed toward renters rather than owners.
This ZIP is ideal for affluent professionals, corporate commuters, and luxury-focused downsizers who prioritize walkability, proximity to high-end retail, and central Boston employment hubs.
Median prices moved up 2.1% year over year.
Homes spend a median of 45 days on market with 4.0 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.7% · poverty 8.3% — 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 3.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 02199, Suffolk County, MA
The area experiences typical urban crime patterns for central Boston, with property crime being the primary concern; it is generally considered safe due to high pedestrian traffic and security presence in the Prudential Center complex.
The ZIP is served by the Boston Public Schools district, with access to various high-performing magnet and private schools in the surrounding Back Bay area.
The area is subject to standard urban flood risks and is located in a dense, high-rise environment with robust fire safety infrastructure.
The area is a mature, high-density commercial and residential hub anchored by the Prudential Center and Copley Place, with ongoing high-end retail and office maintenance.
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.
Extremely high walkability and transit access; most residents commute via the MBTA Green Line or by walking to nearby Back Bay and Financial District employment hubs.
Located steps from the Boston Public Library, Copley Square, and the Commonwealth Avenue Mall, with extensive high-end shopping at the Prudential Center and Copley Place.
The rental market is extremely tight with high demand from professionals and students, characterized by luxury high-rise inventory and very low vacancy rates.
The economy is driven by professional services, finance, and healthcare, with major corporate offices located within the Prudential Center and surrounding Back Bay area.
Excellent transit connectivity via the MBTA Green Line (Copley and Prudential stations) and proximity to Back Bay Station for commuter rail and Amtrak.
Focus remains on high-density commercial and luxury residential maintenance within the existing footprint.
The City of Boston Assessing Department conducts annual revaluations to ensure assessments reflect current market conditions.
Parcels are subject to standard Boston municipal taxes and utility service districts.
Standard urban property insurance market; premiums are influenced by high-rise construction types and urban density factors.
Data retrieved from US5.com and Census ACS tables.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
- Boston Tea Party Ships & Museum4.61.7 mi
- F1 Arcade Boston4.52 mi
- Museum of Illusions Boston4.51.8 mi
- Boda Borg Boston4.75.6 mi
- K1 Speed Boston-Wilmington4.215.1 mi
- Fenway Park4.80.7 mi
- TD Garden4.61.7 mi
- Gillette Stadium4.619.9 mi
- Thomas M. Menino Convention & Exhibition Center4.51.8 mi
- Topgolf Boston - Canton3.911.1 mi
- Fenway Park4.80.7 mi
- Boston Common4.71.1 mi
- Museum of Fine Arts, Boston4.80.7 mi
- New England Aquarium4.41.9 mi
- Harvard Square4.62.6 mi
- Museum of Fine Arts, Boston4.80.7 mi
- Boston Public Library4.80.3 mi
- Isabella Stewart Gardner Museum4.71 mi
- Museum of Science4.71.6 mi
- Boston Tea Party Ships & Museum4.61.7 mi
- Boston Common4.71.1 mi
- Franklin Park Zoo4.42.9 mi
- Public Garden4.80.8 mi
- Charles River Esplanade4.80.7 mi
- Arnold Arboretum of Harvard University4.83.3 mi
- Community Boating, Inc.4.61.1 mi
- MIT Sailing Pavilion4.90.9 mi
- Atlantic Wharf4.61.6 mi
- Constitution Marina4.62.1 mi
- Charlestown Marina4.82.6 mi
- Topgolf Boston - Canton3.911.1 mi
- Granite Links Golf Club4.67.3 mi
- Robert T. Lynch Municipal Golf Course3.94.7 mi
- George Wright4.56 mi
- Newton Commonwealth Golf Course44.5 mi
- Encore Boston Harbor4.33.4 mi
- Burlington Mall4.411.5 mi
- Prudential Center Boston4.50.1 mi
- Quincy Market4.51.7 mi
- Faneuil Hall Marketplace4.51.7 mi
- Boston Logan International Airport4.14 mi
- Park Shuttle & Fly4.54.6 mi
- The Lounge3.43.8 mi
- DaCoopas Pizza4.13.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major mixed-use complex with high-end retail and dining.
Upscale indoor shopping mall.
Historic central branch located adjacent to the ZIP.
Key-figure check: median price diverges 45.4% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.