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 $975,328, with a typical rent of $3,836 per month. That puts the local home-value-to-annual-rent ratio at 21.2.
Key stats
- ZIP 02111 is around the 78th percentile of tracked local ZIPs for home value.
- ZIP 02111 is around the 74th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 21.2.
- Supply contracted while buyer competition strengthened.
- ZIP 02111's typical home value is 23.7% above the Boston median of $788,761.
- Typical home value
- $975,328
- Typical rent
- $3,836
- Homes for sale
- 56
- Buyer competition
- 47
- Listings with price cuts
- 18.3%
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 81st 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 $969,641 to $975,328. It rose in 7 of 11 monthly readings. The largest monthly gain was +0.5% in March 2026.
Typical rent rose 5.5% over the past 12 months, from $3,637 to $3,836. It rose in 7 of 11 monthly readings. The largest monthly gain was +1.9% in May 2026.
How ZIP 02111 compares to Boston
ZIP 02111's typical home value is 23.7% above the Boston median of $788,761. ZIP 02111's typical rent is 19.5% above the Boston median of $3,209. ZIP 02111's buyer competition is 4.4% above the Boston median of 45.
Supply, pending activity, and competition
ZIP 02111 is around the 38th percentile of tracked local ZIPs for for-sale inventory. ZIP 02111 is around the 74th percentile of tracked local ZIPs for buyer competition. Supply contracted while buyer competition strengthened. Over the 12 readings on record, inventory moved between 41 and 62 — a 21-point spread across 27 comparable tracked ZIPs. Over the 12 readings on record, buyer competition moved between 31 and 79 — a 48-point spread across 27 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 02108, 02110, 02114, 02210.
Continue your market research
- Is the Boston Real Estate Market Cooling or Slowing Down?Read the related local market analysis.
- Is Boston a Buyer's Market?Read the related local market analysis.
- Compare 02111 vs 02119Compare this market with another tracked ZIP or peer group.
- ZIP 02108 housing marketReview a nearby local market with the same core measures.
- ZIP 02110 housing marketReview a nearby local market with the same core measures.
- ZIP 02114 housing marketReview a nearby local market with the same core measures.
- Boston housing market overviewReturn to the broader parent market.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules
Figures are updated monthly by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.