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 last 11 months, from $1,338,932 to $1,341,949. It rose in 4 of 10 monthly readings. The largest monthly gain was +0.3% in July 2026.
Typical rent rose 2.7% over the last 11 months, from $3,489 to $3,585. It rose in 5 of 10 monthly readings. The largest monthly gain was +1.2% in January 2026.
How ZIP 02116 compares to Boston
ZIP 02116's typical home value is 64.5% above the Boston median of $815,935. ZIP 02116's typical rent is 8.7% above the Boston median of $3,297. ZIP 02116's buyer competition is 9.3% below the Boston 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 11 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 under our editorial policy. Spotted something wrong? Report a correction.