How much is a home worth in ZIP code 02176?

The typical home in 02176 is worth $930,401, based on the Zillow Home Value Index.

Are home values rising in 02176?

Home values in 02176 are up 2.6% over the past year, and up 4.5% a year over five years.

What is the typical rent in 02176?

A typical home in 02176 rents for about $2,854 a month, a gross rental yield of 3.7%.

What is the property tax rate in 02176?

The effective property tax rate in 02176 is 0.9% — roughly $8,289 a year on a typical home.

ZIP code 02176 has a population of 29,650 and a median household income of $133,953.

HousingHandbookReference data

…

U.S. ZIP Code · MA02176

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

Typical home value

$930,401^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.6%
5-year / yr: +4.5%
10-year / yr: +6.1%

Relative price

vs U.S.: +227.5%
vs metro: +28.2%
vs state: +52.1%

Price history

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

The typical home in 02176 is worth $930,401 — 28.2% above the Boston-Cambridge-Newton, MA-NH median. Over the past year, values have risen 2.6%. Homes here rent for a typical $2,854 a month — a 3.7% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent: $2,854^[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: 0.9%^[3]
Typical annual tax: $8,289^[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: 29,650^[3]
Median household income: $133,953^[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: 8
Elementary: 6
Middle: 1
High: 1

Melrose High
High · Grades 9–12 · Melrose
959 students
Melrose Middle
Middle · Grades 6–8 · Melrose
910 students
Lincoln
Elementary · Grades K–5 · Melrose
412 students
Roosevelt
Elementary · Grades K–5 · Melrose
403 students
Winthrop
Elementary · Grades K–5 · Melrose
401 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 yield3.7%

Net yield (after ~40% expenses)2.2%

Annual rent$34,253

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$4,705

Loan principal$744,321

Down payment$186,080

Total interest paid$949,340

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 ratio2.16

Monthly cost to own$6,170

Monthly rent$2,854

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: 23rd percentile^[1]
Rental yield: 23rd percentile^[2]
Property tax: 27th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 02176?: The typical home in 02176 is worth $930,401, based on the Zillow Home Value Index.
Are home values rising in 02176?: Home values in 02176 are up 2.6% over the past year, and up 4.5% a year over five years.
What is the typical rent in 02176?: A typical home in 02176 rents for about $2,854 a month, a gross rental yield of 3.7%.
What is the property tax rate in 02176?: The effective property tax rate in 02176 is 0.9% — roughly $8,289 a year on a typical home.
Who lives in 02176?: ZIP code 02176 has a population of 29,650 and a median household income of $133,953.

#Comparable ZIPs

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

02120 vs 02176 →
Boston, MA
Typical home
$932,330
Gross yield
5.8%
01950 vs 02176 →
Newburyport, MA
Typical home
$926,769
Gross yield
3.9%
02115
Boston, MA
Typical home
$934,176
Gross yield
4.5%
01867
Reading CDP, MA
Typical home
$935,890
Gross yield
4.2%
02141
Cambridge, MA
Typical home
$919,697
Gross yield
4.8%
03862
NH
Typical home
$919,079
Gross yield
—

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 02176 against any other ZIP — full side-by-side table.

Compare 02176 →

#Jump to section

U.S. ZIP Code · MA02176

Get more data on ZIPs like this

Get more data on ZIPs like this