How much is a home worth in ZIP code 02421?

The typical home in 02421 is worth $1,653,671, based on the Zillow Home Value Index.

Are home values rising in 02421?

Home values in 02421 are up 2.9% over the past year, and up 6.7% a year over five years.

What is the typical rent in 02421?

A typical home in 02421 rents for about $3,607 a month, a gross rental yield of 2.6%.

What is the property tax rate in 02421?

The effective property tax rate in 02421 is 1.2% — roughly $19,130 a year on a typical home.

ZIP code 02421 has a population of 18,080 and a median household income of $227,813.

HousingHandbookReference data

…

U.S. ZIP Code · MA02421

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

Typical home value

$1,653,671^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.9%
5-year / yr: +6.7%
10-year / yr: +5.6%

Relative price

vs U.S.: +482.1%
vs metro: +127.8%
vs state: +170.3%

Price history

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

The typical home in 02421 is worth $1,653,671 — 127.8% above the Boston-Cambridge-Newton, MA-NH median. Over the past year, values have risen 2.9%. Homes here rent for a typical $3,607 a month — a 2.6% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

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

Monthly rent: $3,607^[2]
Gross yield: 2.6%^[2]
Cap rate: 1.6%^[2]

#Property tax

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

Effective tax rate: 1.2%^[3]
Typical annual tax: $19,130^[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: 18,080^[3]
Median household income: $227,813^[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: 7
Elementary: 3
Middle: 1
High: 2

Lexington High
High · Grades 9–12 · Lexington
2,318 students
Jonas Clarke Middle
Middle · Grades 6–8 · Lexington
810 students
Minuteman Regional High
High · Grades 9–12 · Minuteman Regional Vocational Technical
683 students
Maria Hastings
Elementary · Grades K–5 · Lexington
631 students
Bowman
Elementary · Grades K–5 · Lexington
428 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 yield2.6%

Net yield (after ~40% expenses)1.6%

Annual rent$43,282

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$8,362

Loan principal$1,322,937

Down payment$330,734

Total interest paid$1,687,333

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 ratio3.14

Monthly cost to own$11,338

Monthly rent$3,607

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: 75th percentile^[1]
Rental yield: 3rd percentile^[2]
Property tax: 61st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 02421?: The typical home in 02421 is worth $1,653,671, based on the Zillow Home Value Index.
Are home values rising in 02421?: Home values in 02421 are up 2.9% over the past year, and up 6.7% a year over five years.
What is the typical rent in 02421?: A typical home in 02421 rents for about $3,607 a month, a gross rental yield of 2.6%.
What is the property tax rate in 02421?: The effective property tax rate in 02421 is 1.2% — roughly $19,130 a year on a typical home.
Who lives in 02421?: ZIP code 02421 has a population of 18,080 and a median household income of $227,813.

#Comparable ZIPs

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

02108 vs 02421 →
Boston, MA
Typical home
$1,644,267
Gross yield
2.3%
02492 vs 02421 →
Needham CDP, MA
Typical home
$1,666,830
Gross yield
—
01890
Winchester CDP, MA
Typical home
$1,578,188
Gross yield
2.4%
02420
Lexington CDP, MA
Typical home
$1,560,023
Gross yield
—
02461
Newton, MA
Typical home
$1,528,435
Gross yield
2.9%
02030
Dover CDP, MA
Typical home
$1,785,550
Gross yield
—

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#Jump to section

U.S. ZIP Code · MA02421

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