HousingHandbookReference data

U.S. ZIP Code · MA02140

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

Typical home value

$1,099,595[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-3.7%
5-year / yr
+1.9%
10-year / yr
+3.5%

Relative price

vs U.S.
+287.1%
vs metro
+51.5%
vs state
+79.8%
ZIP 02140 location in MA
Location of ZIP 02140 in MA

Price history

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

The typical home in 02140 is worth $1,099,595 — 51.5% above the Boston-Cambridge-Newton, MA-NH median. Over the past year, values have fallen 3.7%. Homes here rent for a typical $3,369 a month — a 3.7% gross rental yield. The effective property tax rate is 0.4%.

#Rent & investment

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

Monthly rent
$3,369[2]
Gross yield
3.7%[2]
Cap rate
2.2%[2]

#Property tax

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

Effective tax rate
0.4%[3]
Typical annual tax
$4,607[3]

#Climate risk

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

Overall risk
Relatively High[4]
Riverine flood
Relatively High
Coastal flood
Relatively Low
Wildfire
Relatively Low
Drought
Relatively Moderate
Heat wave
Relatively Moderate
Hurricane
Relatively High
Tornado
Relatively Moderate
Earthquake
Relatively Moderate
Winter weather
Relatively Moderate

#Who lives here

Population
21,204[3]
Median household income
$135,286[3]

#Migration

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

Net migration
-5,282[5]
Moved in
47,132
Moved out
52,414

Schools

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

Public schools
3
Elementary
2
Middle
1
High
0
  • Graham and Parks

    Elementary · Grades PK–5 · Cambridge

    396 students

  • Peabody

    Elementary · Grades PK–5 · Cambridge

    321 students

  • Rindge Avenue Upper School

    Middle · Grades 6–8 · Cambridge

    289 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.

Gross yield3.7%
Net yield (after ~40% expenses)2.2%
Annual rent$40,423

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.

Monthly payment$5,560
Loan principal$879,676
Down payment$219,919
Total interest paid$1,121,978

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.

Own : rent ratio2.04
Monthly cost to own$6,861
Monthly rent$3,369

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
6th percentile[1]
Rental yield
22nd percentile[2]
Property tax
1st percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 02140?
The typical home in 02140 is worth $1,099,595, based on the Zillow Home Value Index.
Are home values rising in 02140?
Home values in 02140 are down 3.7% over the past year, and up 1.9% a year over five years.
What is the typical rent in 02140?
A typical home in 02140 rents for about $3,369 a month, a gross rental yield of 3.7%.
What is the property tax rate in 02140?
The effective property tax rate in 02140 is 0.4% — roughly $4,607 a year on a typical home.
Who lives in 02140?
ZIP code 02140 has a population of 21,204 and a median household income of $135,286.

#Comparable ZIPs

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

  • Lynnfield CDP, MA

    Typical home
    $1,090,723
    Gross yield
    3.4%
  • Milton CDP, MA

    Typical home
    $1,089,424
    Gross yield
    3.5%
  • Medfield CDP, MA

    Typical home
    $1,086,471
    Gross yield
  • Arlington CDP, MA

    Typical home
    $1,113,913
    Gross yield
    3.2%
  • Arlington CDP, MA

    Typical home
    $1,085,033
    Gross yield
    3.2%
  • South Duxbury CDP, MA

    Typical home
    $1,119,000
    Gross yield

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