Real Estate Investing in Boston, Massachusetts (02132)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02132 (Boston, MA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Boston, MA (02132)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02132 Boston
The 02132 ZIP covers a section of Boston that demands careful diligence. Prices near $824K look accessible, but the work to make a deal cash flow is real.
The investment case in 02132 is substantial only for operators who understand what they are buying. A $824K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In practical terms, 02132 offers a low basis, the region around Boston has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 02132 includes headwinds that any investor should price in. Income distribution skews lower than Boston averages, and tenant stability requires active management.
Strategically, 02132 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Boston:
Property Strategy for 02132
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $340,734 | $2,430 | 5.1% | +3.6% | $340,734 |
| 2BR | $583,573 | $2,880 | 3.6% | +5.5% | $291,787 |
| 3BR | $808,454 | $3,450 | 3.1% | +4.8% | $269,485 |
| 4BR | $967,777 | $3,810 | 2.8% | +5.1% | $241,944 |
| 5BR | $1,222,374 | — | — | +6.0% | $244,475 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02132 Compare?
| Metric | 02132 | Boston | Massachusetts |
|---|---|---|---|
| Home Value | $823,528 | $852,655 | $645,115 |
| 5-Year CAGR | 3.7% | 2.0% | 7.0% |
| Avg Rent | $2,798 | $3,489 | - |
| Cap Rate | 2.7% | 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 02132 (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 | $823,528 |
| Monthly Rent | $2,798 |
| Price-to-Rent | 24.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 02132
Population: 27,069
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 02132
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Avery
Boston Community Leadership Academy
Bowen
Charles E Brown Middle
Dedham High
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
Investor Insight: With 1,014 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Boston, MA good for landlords?
The landlord environment in Boston, MA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
Which real estate strategy fits Boston, MA?
Most investors in Boston, MA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What are home prices like in Boston, MA?
Typical homes in Boston, MA go for around $824K. The 5-year CAGR of 0.0% stable price movement.
What are vacancy rates like in Boston, MA?
Expect elevated vacancy in Boston, MA. Rents at $2,798/mo are absorbed by the tenant base without meaningful lag.
How viable is house hacking in Boston, MA?
House hacking works a challenging in Boston, MA. Rents of $2,798/mo against $824K acquisition make the strategy solid for owner-occupants.
You know 02132 now. You don’t know where it ranks.
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How 02132 ranks in Boston-Cambridge-Newton, MA-NH
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