ZIP 02116 covers Back Bay / South End edge, high-demand urban core inventory, walkable central Boston housing context. The typical home value in ZIP 02116 in the Boston housing market is $1,341,949, with a typical rent of $3,585 per month. That puts the local home-value-to-annual-rent ratio at 31.2.
Key stats
- ZIP 02116 is around the 85th percentile of tracked local ZIPs for home value.
- ZIP 02116 is around the 33rd percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 31.2.
- 58 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $1,341,949
- Typical rent
- $3,585
- Homes for sale
- 186
- Buyer competition
- 39
- New listings
- 50
- Homes going pending
- 29
- Listings with price cuts
- 17.3%
Price and rent in ZIP 02116
ZIP 02116 is around the 85th percentile of tracked local ZIPs for home value. ZIP 02116 is around the 69th percentile of tracked local ZIPs for rent.
ZIP 02116 home value & rent trend (past 12 months)
Typical home value rose 0.2% over the past 12 months, from $1,338,860 to $1,341,949. It rose in 5 of 11 monthly readings. The largest monthly gain was +0.3% in July 2026.
Typical rent rose 3.7% over the past 12 months, from $3,458 to $3,585. It rose in 6 of 11 monthly readings. The largest monthly gain was +1.2% in January 2026.
How ZIP 02116 compares to the metro
ZIP 02116's typical home value is 64.5% above the metro median of $815,935. ZIP 02116's typical rent is 8.7% above the metro median of $3,297. ZIP 02116's buyer competition is 9.3% below the metro median of 43.
How fast homes sell in ZIP 02116
Homes in ZIP 02116 typically go pending in about 43 days — about 19% slower than the metro median of 36 days.
Supply, pending activity, and competition
ZIP 02116 is around the 89th percentile of tracked local ZIPs for for-sale inventory. ZIP 02116 is around the 33rd percentile of tracked local ZIPs for buyer competition. 58 homes went pending for every 100 new listings in the current reading. Supply increased while buyer competition eased. Over the 12 readings on record, inventory moved between 91 and 186 — a 95-point spread across 27 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 02199, 02118, 02108, 02111.
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 02116 vs 02108Compare this market with another tracked ZIP or peer group.
- Compare 02116 vs 02109Compare this market with another tracked ZIP or peer group.
- Compare 02116 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 02199 housing marketReview a nearby local market with the same core measures.
- ZIP 02118 housing marketReview a nearby local market with the same core measures.
- ZIP 02108 housing marketReview a nearby local market with the same core measures.
- Boston Metro housing market overviewReturn to the broader parent market.
02116 Housing Market Overview FAQ
What is the typical home value in ZIP 02116?
The typical home value in ZIP 02116 is $1,341,949 in the latest monthly reading.
What is the typical rent in ZIP 02116?
Typical rent in ZIP 02116 is $3,585 per month.
What is the home-value-to-rent ratio in ZIP 02116?
ZIP 02116 has a home-value-to-annual-rent ratio of 31.2.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules