Real Estate Investing in Boston, Massachusetts (02111)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02111 (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: 19.9% of homes vacant — above national norms.
- Declining values: -0.8% 5-year CAGR — values have moved lower.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 21.7% poverty rate — can affect rent collection.
What’s happening in Boston, MA (02111)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02111 Boston
The 02111 ZIP in Boston, MA is a local-operator market. Outside capital chasing a $986K entry has to pair deep knowledge with the discount.
The 02111 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader MA picture, 02111 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
On the rental side, 8,067 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. durable returns are possible in 02111, 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:
Property Strategy for 02111
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $719,569 | $3,120 | 3.1% | -0.8% | $719,569 |
| 2BR | $1,180,917 | $3,700 | 2.3% | -0.3% | $590,459 |
| 3BR | $2,194,584 | $4,440 | 1.5% | -0.6% | $731,528 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02111 Compare?
| Metric | 02111 | Boston | Massachusetts |
|---|---|---|---|
| Home Value | $986,489 | $852,655 | $645,115 |
| 5-Year CAGR | N/A | 2.0% | 7.0% |
| Avg Rent | $4,014 | $3,489 | - |
| Cap Rate | 3.2% | 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 02111 (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 | $986,489 |
| Monthly Rent | $4,014 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 2.4% |
📈 Home Appreciation
| 1-Year | -0.7% ▼ |
| 3-Year CAGR | -1.4% ▼ |
| 5-Year CAGR | -0.8% ▼ |
| 10-Year CAGR | +0.1% ▲ |
🏠 Rent Trends
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +3.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 02111
Population: 8,067
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 02111
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Blackstone Elementary School
Cambridge Street Upper School
Charlestown High School
Condon K-8 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
How viable is house hacking in Boston, MA?
The a challenging house-hack environment in Boston, MA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How much do tenants pay in Boston, MA?
Boston, MA rentals go for roughly $4,014/mo a month. That puts gross yield in solid territory relative to $986K acquisition costs.
What kind of tenants rent in Boston, MA?
Boston, MA draws a consistent base of working renters. Demand at the $4,014/mo rent level is reasonable for standard single-family and small multi rentals.
Which real estate strategy fits Boston, MA?
Investors usually favor careful cash-flow rentals with hands-on management in Boston, MA. With home values at $986K and rents near $4,014/mo, other strategies can work but produce measured rather than outsized returns.
Is housing expensive in Boston, MA?
Median home price in Boston, MA is near $986K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
You know 02111 now. You don’t know where it ranks.
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How 02111 ranks in Boston-Cambridge-Newton, MA-NH
Every ZIP in this metro, ranked. Free.
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