How much is a home worth in ZIP code 02120?

The typical home in 02120 is worth $932,330, based on the Zillow Home Value Index.

Are home values rising in 02120?

Home values in 02120 are up 9.4% over the past year, and up 3.0% a year over five years.

What is the typical rent in 02120?

A typical home in 02120 rents for about $4,517 a month, a gross rental yield of 5.8%.

What is the property tax rate in 02120?

The effective property tax rate in 02120 is 0.7% — roughly $6,242 a year on a typical home.

ZIP code 02120 has a population of 15,283 and a median household income of $64,289.

HousingHandbookReference data

…

U.S. ZIP Code · MA02120

Suffolk County · Boston-Cambridge-Newton, MA-NH

Typical home value

$932,330^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +9.4%
5-year / yr: +3.0%
10-year / yr: +4.9%

Relative price

vs U.S.: +228.2%
vs metro: +28.4%
vs state: +52.4%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 02120 is worth $932,330 — 28.4% above the Boston-Cambridge-Newton, MA-NH median. Over the past year, values have risen 9.4%. Homes here rent for a typical $4,517 a month — a 5.8% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $4,517^[2]
Gross yield: 5.8%^[2]
Cap rate: 3.5%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $6,242^[3]

#Climate risk

FEMA National Risk Index ratings for Suffolk County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively High
Coastal flood: Relatively High
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively High
Hurricane: Relatively High
Tornado: Relatively Moderate
Earthquake: Relatively Moderate
Winter weather: Relatively Low

#Who lives here

Population: 15,283^[3]
Median household income: $64,289^[3]

#Migration

Household moves in and out of Suffolk County over a year, from IRS tax-return data.

Net migration: -4,023^[5]
Moved in: 36,567
Moved out: 40,590

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 1
Middle: 0
High: 4

O'Bryant School of Math & Science
High · Grades 7–12 · Boston
1,538 students
Roxbury Preparatory Charter School
High · Grades 5–12 · Roxbury Preparatory Charter (District)
1,138 students
Madison Park Technical Vocational High School
High · Grades 9–12 · Boston
1,058 students
Fenway High School
High · Grades 9–12 · Boston
376 students
Tobin K-8 School
Elementary · Grades PK–8 · Boston
375 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.8%

Net yield (after ~40% expenses)3.5%

Annual rent$54,208

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$4,714

Loan principal$745,864

Down payment$186,466

Total interest paid$951,308

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.33

Monthly cost to own$6,012

Monthly rent$4,517

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 10th percentile^[1]
Rental yield: 95th percentile^[2]
Property tax: 9th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 02120?: The typical home in 02120 is worth $932,330, based on the Zillow Home Value Index.
Are home values rising in 02120?: Home values in 02120 are up 9.4% over the past year, and up 3.0% a year over five years.
What is the typical rent in 02120?: A typical home in 02120 rents for about $4,517 a month, a gross rental yield of 5.8%.
What is the property tax rate in 02120?: The effective property tax rate in 02120 is 0.7% — roughly $6,242 a year on a typical home.
Who lives in 02120?: ZIP code 02120 has a population of 15,283 and a median household income of $64,289.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

02115 vs 02120 →
Boston, MA
Typical home
$934,176
Gross yield
4.5%
02176 vs 02120 →
Melrose, MA
Typical home
$930,401
Gross yield
3.7%
01867
Reading CDP, MA
Typical home
$935,890
Gross yield
4.2%
01950
Newburyport, MA
Typical home
$926,769
Gross yield
3.9%
02141
Cambridge, MA
Typical home
$919,697
Gross yield
4.8%
03862
NH
Typical home
$919,079
Gross yield
—

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#Jump to section

U.S. ZIP Code · MA02120

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