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These days, finding an affordable place to live in the 02116 area can be challenging. Home prices in 02116 are now at a median cost of $1,375,797, higher than the Massachusetts average of $477,554.
The average cost of rent is $2,297/mo in 02116, primarily driven by the current value of real estate in the 02116 area. While nearly 40.00% of residents own their homes outright in 02116, 69.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in 02116 is $11,405 per month. Households that rent pay about 20.14% of their income on rent here. 02116's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 02199, MA: higher priced homes
- 02111, MA: less expensive homes
- 02108, MA: equally priced homes
- 02118, MA: less expensive homes
- 02114, MA: less expensive homes
- 02201, MA: less expensive homes
- 02142, MA: less expensive homes
- 02115, MA: less expensive homes
- 02110, MA: less expensive homes
- 02113, MA: less expensive homes
Zip Codes with Similar Populations
- 43140, OH: less expensive homes
- 15136, PA: less expensive homes
- 85268, AZ: less expensive homes
- 33703, FL: less expensive homes
- 23324, VA: less expensive homes
- 21811, MD: less expensive homes
- 21601, MD: less expensive homes
- 17036, PA: less expensive homes
- 77550, TX: less expensive homes
- 06042, CT: less expensive homes
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