HousingHandbookReference data

U.S. ZIP Code · MA02472

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

Typical home value

$842,798[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.6%
5-year / yr
+4.2%
10-year / yr
+4.9%

Relative price

vs U.S.
+196.7%
vs metro
+16.1%
vs state
+37.8%
ZIP 02472 location in MA
Location of ZIP 02472 in MA

Price history

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

The typical home in 02472 is worth $842,798 — 16.1% above the Boston-Cambridge-Newton, MA-NH median. Over the past year, values have risen 1.6%. Homes here rent for a typical $2,990 a month — a 4.3% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent
$2,990[2]
Gross yield
4.3%[2]
Cap rate
2.6%[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$6,649[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
35,620[3]
Median household income
$126,336[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
5
Elementary
3
Middle
1
High
1
  • Watertown High

    High · Grades 9–12 · Watertown

    760 students

  • Hosmer

    Elementary · Grades PK–5 · Watertown

    720 students

  • Watertown Middle

    Middle · Grades 6–8 · Watertown

    551 students

  • James Russell Lowell

    Elementary · Grades K–5 · Watertown

    376 students

  • Cunniff

    Elementary · Grades K–5 · Watertown

    310 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 yield4.3%
Net yield (after ~40% expenses)2.6%
Annual rent$35,884

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$4,262
Loan principal$674,239
Down payment$168,560
Total interest paid$859,954

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 ratio1.85
Monthly cost to own$5,519
Monthly rent$2,990

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
19th percentile[1]
Rental yield
39th percentile[2]
Property tax
18th percentile[3]

Frequently asked

How much is a home worth in ZIP code 02472?
The typical home in 02472 is worth $842,798, based on the Zillow Home Value Index.
Are home values rising in 02472?
Home values in 02472 are up 1.6% over the past year, and up 4.2% a year over five years.
What is the typical rent in 02472?
A typical home in 02472 rents for about $2,990 a month, a gross rental yield of 4.3%.
What is the property tax rate in 02472?
The effective property tax rate in 02472 is 0.8% — roughly $6,649 a year on a typical home.
Who lives in 02472?
ZIP code 02472 has a population of 35,620 and a median household income of $126,336.

#Comparable ZIPs

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

  • Somerville, MA

    Typical home
    $843,293
    Gross yield
    5.0%
  • MA

    Typical home
    $845,517
    Gross yield
    4.3%
  • Ipswich CDP, MA

    Typical home
    $846,457
    Gross yield
  • Medford, MA

    Typical home
    $846,766
    Gross yield
    4.7%
  • MA

    Typical home
    $852,697
    Gross yield
  • Swampscott CDP, MA

    Typical home
    $831,261
    Gross yield
    3.9%

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