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 $1,355,771, with a typical rent of $3,470 per month. That puts the local home-value-to-annual-rent ratio at 32.6.
Key stats
- ZIP 02116 is around the 85th percentile of tracked local ZIPs for home value.
- ZIP 02116 is around the 19th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 32.6.
- 71 homes went pending for every 100 new listings in the current reading.
- Supply and buyer competition did not produce a clear easing or tightening split.
- Typical home value
- $1,355,771
- Typical rent
- $3,470
- Homes for sale
- 175
- Buyer competition
- 36
- New listings
- 35
- Homes going pending
- 25
- Listings with price cuts
- 16.2%
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 65th percentile of tracked local ZIPs for rent.
ZIP 02116 home value & rent trend (past 12 months)
Typical home value rose 0.6% over the past 12 months, from $1,347,836 to $1,355,771. It rose in 5 of 11 monthly readings. The largest monthly gain was +0.4% in August 2026.
Typical rent rose 2.3% over the past 12 months, from $3,392 to $3,470. It rose in 6 of 11 monthly readings. The largest monthly gain was +1.0% in March 2026.
How ZIP 02116 compares to Boston
ZIP 02116's typical home value is 71.9% above the Boston median of $788,761. ZIP 02116's typical rent is 8.1% above the Boston median of $3,209. ZIP 02116's buyer competition is 20.0% below the Boston median of 45.
How fast homes sell in ZIP 02116
Homes in ZIP 02116 typically go pending in about 57 days — about 15% slower than the metro median of 50 days.
Supply, pending activity, and competition
ZIP 02116 is around the 88th percentile of tracked local ZIPs for for-sale inventory. ZIP 02116 is around the 19th percentile of tracked local ZIPs for buyer competition. 71 homes went pending for every 100 new listings in the current reading. Supply and buyer competition did not produce a clear easing or tightening split. 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 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.
- All Boston ZIP comparisonsCompare 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 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.