Real Estate Investing in Boston, Massachusetts (02199)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02199 (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: 29.3% of homes vacant — above national norms.
- Declining values: -0.9% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 6.3% in the last year.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Boston, MA (02199)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02199 Boston
The 02199 ZIP covers a section of Boston that demands careful diligence. Prices near $3.3M look accessible, but the work to make a deal cash flow is real.
Looking more closely, the numbers look inviting — $3.3M purchase price, 0.0% nominal cap — the work to hit that pro forma in 02199 is substantial and deserves full respect.
In the broader MA picture, 02199 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 02199 includes headwinds that any investor should price in. Income distribution skews lower than Boston averages, and tenant stability requires active management.
Distressed ZIPs reward experience. significant returns are possible in 02199, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Boston:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02199 Compare?
| Metric | 02199 | Boston | Massachusetts |
|---|---|---|---|
| Home Value | $3,306,316 | $852,655 | $645,115 |
| 5-Year CAGR | N/A | 2.0% | 7.0% |
| Avg Rent | $5,020 | $3,489 | - |
| Cap Rate | 1.2% | 3.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02199 (Boston, MA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 02199 (Boston, MA)?
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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 | $3,306,316 |
| Monthly Rent | $5,020 |
| Price-to-Rent | 54.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.8% |
| Cap Rate | 1.2% |
| 5-Year IRR | 0.3% |
📈 Home Appreciation
| 1-Year | -6.3% ▼ |
| 3-Year CAGR | -3.8% ▼ |
| 5-Year CAGR | -0.9% ▼ |
| 10-Year CAGR | +0.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.2%). 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 02199
Population: 1,253
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 02199
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Amigos School
Blackstone Elementary School
Cambridge Street Upper School
Dearborn 6-12 STEM Academy
Ellis 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 high is vacancy risk in Boston, MA?
Boston, MA carries elevated vacancy risk. Expect stable absorption at market rents of $5,020/mo.
Is house hacking profitable in Boston, MA?
House hacking works a tougher in Boston, MA. Rents of $5,020/mo against $3.3M acquisition make the strategy solid for owner-occupants.
Which real estate strategy fits Boston, MA?
The best-fit strategy in Boston, MA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the typical home price in Boston, MA?
Homes in Boston, MA typically sell near $3.3M. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Is Boston, MA a good market for buy-and-hold investors?
Our data puts Boston, MA at 2.0/5 for investability. Home prices of $3.3M and rents around $5,020/mo create a solid backdrop for investor activity.
You know 02199 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 02199 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 02199 ranks in Boston-Cambridge-Newton, MA-NH
Every ZIP in this metro, ranked. Free.
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