ZIP 02111 covers Downtown Boston, Leather District / Chinatown adjacency, dense condo-heavy urban housing mix. The typical home value in ZIP 02111 in the Boston housing market is $986,489, with a typical rent of $4,014 per month. That puts the local home-value-to-annual-rent ratio at 20.5.
Key stats
- ZIP 02111 is around the 78th percentile of tracked local ZIPs for home value.
- ZIP 02111 is around the 78th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 20.5.
- 53 homes went pending for every 100 new listings in the current reading.
- Supply contracted while buyer competition strengthened.
- Typical home value
- $986,489
- Typical rent
- $4,014
- Homes for sale
- 60
- Buyer competition
- 45
- New listings
- 15
- Homes going pending
- 8
- Listings with price cuts
- 17.9%
Price and rent in ZIP 02111
ZIP 02111 is around the 78th percentile of tracked local ZIPs for home value. ZIP 02111 is around the 88th percentile of tracked local ZIPs for rent.
ZIP 02111 home value & rent trend (past 12 months)
Typical home value rose 0.6% over the past 12 months, from $981,023 to $986,489. It rose in 7 of 11 monthly readings. The largest monthly gain was +0.5% in March 2026.
Typical rent rose 5.1% over the past 12 months, from $3,821 to $4,014. It rose in 7 of 11 monthly readings. The largest monthly gain was +1.9% in May 2026.
How ZIP 02111 compares to the metro
ZIP 02111's typical home value is 20.9% above the metro median of $815,935. ZIP 02111's typical rent is 21.8% above the metro median of $3,297. ZIP 02111's buyer competition is 4.7% above the metro median of 43.
Supply, pending activity, and competition
ZIP 02111 is around the 37th percentile of tracked local ZIPs for for-sale inventory. ZIP 02111 is around the 78th percentile of tracked local ZIPs for buyer competition. 53 homes went pending for every 100 new listings in the current reading. Supply contracted while buyer competition strengthened. Over the 12 readings on record, inventory moved between 41 and 69 — a 28-point spread across 27 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 02205, 02108, 02133, 02110.
Continue your market research
- Is Boston Housing Market Cooling?Read the related local market analysis.
- Is Boston a Buyer's Market?Read the related local market analysis.
- Compare 02111 vs 02108Compare this market with another tracked ZIP or peer group.
- Compare 02111 vs 02109Compare this market with another tracked ZIP or peer group.
- Compare 02111 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 02205 housing marketReview a nearby local market with the same core measures.
- ZIP 02108 housing marketReview a nearby local market with the same core measures.
- ZIP 02133 housing marketReview a nearby local market with the same core measures.
- Boston Metro housing market overviewReturn to the broader parent market.
02111 Housing Market Overview FAQ
What is the typical home value in ZIP 02111?
The typical home value in ZIP 02111 is $986,489 in the latest monthly reading.
What is the typical rent in ZIP 02111?
Typical rent in ZIP 02111 is $4,014 per month.
What is the home-value-to-rent ratio in ZIP 02111?
ZIP 02111 has a home-value-to-annual-rent ratio of 20.5.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules