How much is a home worth in ZIP code 02121?

The typical home in 02121 is worth $644,434, based on the Zillow Home Value Index.

Are home values rising in 02121?

Home values in 02121 are down 2.6% over the past year, and up 2.6% a year over five years.

What is the typical rent in 02121?

A typical home in 02121 rents for about $3,246 a month, a gross rental yield of 6.0%.

What is the property tax rate in 02121?

The effective property tax rate in 02121 is 0.6% — roughly $3,719 a year on a typical home.

ZIP code 02121 has a population of 29,040 and a median household income of $43,136.

HousingHandbookReference data

…

U.S. ZIP Code · MA02121

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

Typical home value

$644,434^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.6%
5-year / yr: +2.6%
10-year / yr: +5.4%

Relative price

vs U.S.: +126.9%
vs metro: -11.2%
vs state: +5.3%

Price history

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

The typical home in 02121 is worth $644,434 — 11.2% below the Boston-Cambridge-Newton, MA-NH median. Over the past year, values have fallen 2.6%. Homes here rent for a typical $3,246 a month — a 6.0% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent: $3,246^[2]
Gross yield: 6.0%^[2]
Cap rate: 3.6%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $3,719^[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: 29,040^[3]
Median household income: $43,136^[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: 8
Elementary: 4
Middle: 1
High: 3

Boston Latin Academy
High · Grades 7–12 · Boston
1,693 students
UP Academy Holland
Elementary · Grades PK–5 · Boston
566 students
King Elementary School
Elementary · Grades PK–6 · Boston
470 students
Burke High School
High · Grades 7–12 · Boston
395 students
Greenwood Sarah K-8 School
Elementary · Grades PK–8 · Boston
359 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 yield6.0%

Net yield (after ~40% expenses)3.6%

Annual rent$38,949

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$3,259

Loan principal$515,547

Down payment$128,887

Total interest paid$657,552

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 ratio1.27

Monthly cost to own$4,107

Monthly rent$3,246

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: 8th percentile^[1]
Rental yield: 97th percentile^[2]
Property tax: 5th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 02121?: The typical home in 02121 is worth $644,434, based on the Zillow Home Value Index.
Are home values rising in 02121?: Home values in 02121 are down 2.6% over the past year, and up 2.6% a year over five years.
What is the typical rent in 02121?: A typical home in 02121 rents for about $3,246 a month, a gross rental yield of 6.0%.
What is the property tax rate in 02121?: The effective property tax rate in 02121 is 0.6% — roughly $3,719 a year on a typical home.
Who lives in 02121?: ZIP code 02121 has a population of 29,040 and a median household income of $43,136.

#Comparable ZIPs

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

02149 vs 02121 →
Everett, MA
Typical home
$643,190
Gross yield
5.2%
02190 vs 02121 →
Weymouth Town, MA
Typical home
$648,064
Gross yield
4.8%
02360
The Pinehills CDP, MA
Typical home
$648,565
Gross yield
5.2%
02169
Quincy, MA
Typical home
$636,482
Gross yield
5.0%
03841
NH
Typical home
$636,077
Gross yield
—
03036
Derry CDP, NH
Typical home
$654,916
Gross yield
—

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#Jump to section

U.S. ZIP Code · MA02121

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