Real Estate Investing in Boston, Massachusetts (02114)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02114 (Boston, MA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 17.4% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.9% CAGR).
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Boston, MA (02114)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02114 Boston
This part of Suffolk County is not an easy win. The 02114 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 02114 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 02114 among MA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 02114 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Boston's stable or hybrid ZIPs before stepping into 02114. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Boston:
Property Strategy for 02114
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $625,198 | $3,710 | 4.3% | -0.4% | $625,198 |
| 2BR | $1,041,029 | $4,410 | 3.1% | +1.3% | $520,514 |
| 3BR | $2,120,472 | $5,290 | 1.8% | +2.5% | $706,824 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02114 Compare?
| Metric | 02114 | Boston | Massachusetts |
|---|---|---|---|
| Home Value | $740,281 | $852,655 | $645,115 |
| 5-Year CAGR | 0.9% | 2.0% | 7.0% |
| Avg Rent | $3,583 | $3,489 | - |
| Cap Rate | 3.8% | 3.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02114 (Boston, MA). Anonymous, moderated, never written by AI.
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Property managers serving Suffolk County
Manage rentals here? List your business →CHARLESGATE Property Management provides full-service, customized property management for condominiums, multifamily properties, and investment portfolios in the Greater Boston Area. summary from their website
First Realty Management provides real estate management services for condominiums and commercial properties. summary from their website
MerGo Group offers property management and vacation rental management services in the Boston Metro Area. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $740,281 |
| Monthly Rent | $3,583 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 4.7% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +0.9% ▲ |
| 10-Year CAGR | +2.0% ▲ |
🏠 Rent Trends
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +4.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 02114
Population: 13,853
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 02114
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Amigos School
Blackstone Elementary School
Cambridge Street Upper School
Charlestown High School
Harvard-Kent Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much rent can I charge in Boston, MA?
Rents in Boston, MA run near $3,583/mo. Compared with median home prices of $740K that produces solid gross yields for typical rentals.
Is it easy to find good tenants in Boston, MA?
The renter base in Boston, MA is reasonable for the $3,583/mo price point. Screening well and pricing to market typically yields stable tenants.
Is Boston, MA a smart market for rental property?
With a 2.0/5 investability score, Boston, MA ranks as a solid market for rental property investors. Median prices of $740K and rents of $3,583/mo drive the underlying numbers.
How high is vacancy risk in Boston, MA?
Vacancy risk in Boston, MA is elevated. That supports predictable cash flow for typical rental holds.
Is Boston, MA landlord-friendly?
MA law tenant-protective for landlords, and Boston inherits those rules. Investors should still review local ordinances for rental licensing.
You know 02114 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02114 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 02114 ranks in Boston-Cambridge-Newton, MA-NH
Every ZIP in this metro, ranked. Free.
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