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Zip Code 02124

Boston, MA • Suffolk County

Real Estate Market Analysis

Q3 2025 Report
$760,000 (June 2025)
Median Home Value
~60,000 (est.)
Population
$61,000 (est., 2025)
Median Income
Average (Boston overall: C+ to B-)
School District Rating

Market Statistics

Property Values

$760,000 (June 2025)
Median Home Value
~$2,800/month (est., 2025)
Median Rent
$427 (June 2025)
Price per Sq Ft

Market Performance

Home Appreciation11.8% year-over-year (2024-2025)
Market VelocityInventory up 20.3% MoM (Apr 2025); competitive market, especially for 2-3 bedroom homes
Foreclosure RateLow (consistent with Boston averages, 2025)

Area Information

Area SizeApprox. 4.1 sq mi
CountySuffolk
Primary CityBoston

Housing Profile

Housing Statistics

Total Housing Units~16,000 (est.)
Owner Occupied~35% (est.)
Rental Properties~65% (est.)
Vacant Units~5% (est.)
New ConstructionModerate, mostly multi-family and condo developments (2024-2025)

Housing Types

Triple-deckersMulti-familyCondosSingle-familyApartments

Demographics

~60,000 (est.)
Population
34
Median Age
$61,000 (est., 2025)
Median Income
~94% (unemployment ~6%)
Employment Rate
High school grad or higher: 82%; Bachelor’s or higher: 32%
Education Levels
Diverse; mix of families, singles, and multi-generational households
Family Composition

Education Quality

School District Performance

Average (Boston overall: C+ to B-)
District Rating
School DistrictBoston Public Schools
Test ScoresBelow state average, but improving
Graduation Rates~75% (Boston Public Schools, 2025)

Schools in Area

  • TechBoston Academy
  • Codman Academy Charter
  • Neighborhood House Charter
  • Young Achievers Science and Math

Economic Factors

Employment & Business

Job GrowthModerate, driven by healthcare, education, and retail
Unemployment Rate~6% (2025)
Business EnvironmentUrban, diverse, strong small business presence
Commercial ActivityActive, especially along Dorchester Ave and Blue Hill Ave

Major Employers

  • Boston Medical Center
  • UMass Boston
  • City of Boston
  • Retail and service businesses

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • • MBTA Red Line (Ashmont, Fields Corner)
  • • Commuter rail (Talbot Ave)
  • • Bus routes (15+, including express)
  • • Easy access to I-93

Utilities & Services

  • • City water/sewer
  • • Electricity (Eversource)
  • • Natural gas
  • • Recycling/composting

Quality of Life

Safety & Environment

Above Boston average but trending downward; property crime more common than violent crime

Urban, improving green space and air quality

Healthcare Access

  • • Carney Hospital
  • • Codman Square Health Center
  • • Nearby major hospitals in Boston

Development Trends

Planned Developments

  • Transit-oriented housing near Ashmont
  • Mixed-use projects on Blue Hill Ave

Infrastructure Projects

  • • MBTA station upgrades
  • • Bike lane expansions

Investment Outlook

Growth Outlook

Positive, steady demand for both ownership and rentals

Investment Opportunities

  • • Multi-family conversions
  • • ADU development
  • • Retail storefronts

Marketing Intelligence

Target Demographics

  • Young professionals
  • First-time buyers
  • Investors
  • Multigenerational families

Competitive Advantages

  • Proximity to downtown Boston
  • Transit-rich
  • Diverse housing stock

Pricing Strategies

Price competitively for 2-3 bedroom homes; highlight value vs. downtown Boston

Common Objections & Response Strategies

Objection: Concerns about crime rates

Response Strategy:

Provide recent data showing downward trends and highlight community policing and engagement programs.

Objection: School quality concerns

Response Strategy:

Emphasize improving graduation rates, charter/magnet options, and proximity to higher education.

Objection: Urban congestion/parking

Response Strategy:

Highlight transit options, walkability, and new parking initiatives.

Professional Recommendations

1

Leverage data on appreciation and rental yields in marketing.

2

Promote transit access and community diversity.

3

Educate buyers on local school options and community resources.

4

Target investors with multi-family and rental property opportunities.

5

Monitor zoning and development changes for new listing opportunities.

Competitive Analysis

Comparable Markets

  • Jamaica Plain (02130)
  • Roxbury (02119)
  • Mattapan (02126)

Market Positioning

Affordable urban alternative to central Boston

Competitive Advantages

  • Lower price per sqft than downtown
  • More diverse housing options
  • Better rental yields

Price Comparison

02124 median home value ($760K) vs. Boston average ($739K); higher appreciation rate in 02124

Investment Metrics

4.5%–5.2% (multi-family, 2025)
Cap Rates
5.5%–6.5% gross yield
Rental Yields
~22
Price-to-Rent
Strong for well-managed multi-family; positive cash flow possible with 20% down
Cash Flow
5–7% annual (2025–2027)
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by relative affordability, transit, and community amenities; may need education on urban living.

Move-Up Buyers

Seek larger homes or multi-family for investment; value proximity to city.

Downsizers

Target condos and smaller units; emphasize walkability and services.

Investors

Strong interest in multi-family and rental properties; focus on cash flow and appreciation.

Relocators

Drawn by access to Boston, diversity, and improving amenities.

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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