Real Estate Investing in Boston, Massachusetts (02115)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02115 (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: 12.7% of homes vacant — above national norms.
- Declining values: -0.3% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 5.5% in the last year.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Boston, MA (02115)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02115 Boston
Not every below-median market is a bargain. Boston's 02115 ZIP registers signals that favor experienced operators who can absorb the risk $869K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 02115 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader MA picture, 02115 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 02115 includes headwinds that any investor should price in. Income distribution skews lower than Boston averages, and tenant stability requires active management.
The 02115 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Boston:
Property Strategy for 02115
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $687,955 | $2,800 | 2.9% | +1.5% | $687,955 |
| 2BR | $1,137,260 | $3,330 | 2.1% | +0.9% | $568,630 |
| 3BR | $2,244,179 | $3,990 | 1.3% | +3.5% | $748,060 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02115 Compare?
| Metric | 02115 | Boston | Massachusetts |
|---|---|---|---|
| Home Value | $869,482 | $852,655 | $645,115 |
| 5-Year CAGR | N/A | 2.0% | 7.0% |
| Avg Rent | $3,297 | $3,489 | - |
| Cap Rate | 3.0% | 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 02115 (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 | $869,482 |
| Monthly Rent | $3,297 |
| Price-to-Rent | 22.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 2.7% |
📈 Home Appreciation
| 1-Year | -5.5% ▼ |
| 3-Year CAGR | -1.7% ▼ |
| 5-Year CAGR | -0.3% ▼ |
| 10-Year CAGR | +1.6% ▲ |
🏠 Rent Trends
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +4.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 02115
Population: 28,621
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 02115
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Amigos School
Blackstone Elementary School
Burke High School
Cambridge Street Upper School
Dearborn 6-12 STEM Academy
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
What price range are homes in Boston, MA?
Expect median prices around $869K in Boston, MA. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
Is Boston, MA good for landlords?
Landlord-friendliness in Boston, MA is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Are tenants stable in Boston, MA?
Tenant demand in Boston, MA is solid. The local workforce $3,297/mo rents across most rental classes.
How viable is house hacking in Boston, MA?
House hacking in Boston, MA is reasonable to execute. Prices around $869K and rents of $3,297/mo solid owner-occupant economics.
How much rent can I charge in Boston, MA?
Investors in Boston, MA typically see rents near $3,297/mo per month against $869K home values - a solid setup for rental cash flow.
You know 02115 now. You don’t know where it ranks.
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How 02115 ranks in Boston-Cambridge-Newton, MA-NH
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