How much is a home worth in ZIP code 02124?

The typical home in 02124 is worth $695,650, based on the Zillow Home Value Index.

Are home values rising in 02124?

Home values in 02124 are up 0.5% over the past year, and up 2.8% a year over five years.

What is the typical rent in 02124?

A typical home in 02124 rents for about $2,991 a month, a gross rental yield of 5.2%.

What is the property tax rate in 02124?

The effective property tax rate in 02124 is 0.6% — roughly $4,295 a year on a typical home.

ZIP code 02124 has a population of 56,216 and a median household income of $81,923.

HousingHandbookReference data

…

U.S. ZIP Code · MA02124

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

Typical home value

$695,650^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.5%
5-year / yr: +2.8%
10-year / yr: +5.6%

Relative price

vs U.S.: +144.9%
vs metro: -4.2%
vs state: +13.7%

Price history

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

The typical home in 02124 is worth $695,650 — 4.2% below the Boston-Cambridge-Newton, MA-NH median. Over the past year, values have risen 0.5%. Homes here rent for a typical $2,991 a month — a 5.2% 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: $2,991^[2]
Gross yield: 5.2%^[2]
Cap rate: 3.1%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $4,295^[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: 56,216^[3]
Median household income: $81,923^[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: 9
Elementary: 5
Middle: 0
High: 2

TechBoston Academy
High · Grades 6–12 · Boston
870 students
Henderson K-12 Inclusion School Upper
Other · Grades 2–12 · Boston
639 students
UP Academy Charter School of Dorchester
Elementary · Grades PK–8 · UP Academy Charter School of Dorchester (District)
578 students
Lee K-8 School
Elementary · Grades PK–8 · Boston
527 students
Boston International High School & Newcomers Academy
High · Grades 9–12 · Boston
486 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 yield5.2%

Net yield (after ~40% expenses)3.1%

Annual rent$35,893

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$3,518

Loan principal$556,520

Down payment$139,130

Total interest paid$709,811

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 ratio1.49

Monthly cost to own$4,457

Monthly rent$2,991

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: 9th percentile^[1]
Rental yield: 80th percentile^[2]
Property tax: 6th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

7th for most populous in MAView list →

Frequently asked

How much is a home worth in ZIP code 02124?: The typical home in 02124 is worth $695,650, based on the Zillow Home Value Index.
Are home values rising in 02124?: Home values in 02124 are up 0.5% over the past year, and up 2.8% a year over five years.
What is the typical rent in 02124?: A typical home in 02124 rents for about $2,991 a month, a gross rental yield of 5.2%.
What is the property tax rate in 02124?: The effective property tax rate in 02124 is 0.6% — roughly $4,295 a year on a typical home.
Who lives in 02124?: ZIP code 02124 has a population of 56,216 and a median household income of $81,923.

#Comparable ZIPs

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

02364 vs 02124 →
Kingston CDP, MA
Typical home
$694,852
Gross yield
4.5%
03824 vs 02124 →
Durham CDP, NH
Typical home
$694,229
Gross yield
4.8%
03827
NH
Typical home
$693,586
Gross yield
—
01906
Saugus CDP, MA
Typical home
$692,333
Gross yield
5.0%
01960
Peabody, MA
Typical home
$699,421
Gross yield
4.8%
02770
MA
Typical home
$691,383
Gross yield
—

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#Jump to section

U.S. ZIP Code · MA02124

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