Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in ZCTA5 02116, Massachusetts?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 02116, Massachusetts (ZIP 02116) is $2,375/month (±$160), based on Census ACS 5-Year estimates (2024). The median home value is $1,562,500 (±$133,208), and the median household income is $126,496/year. The unemployment rate in Suffolk County, Massachusetts was 4% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 02116
| Metric | Value |
|---|---|
| Median Gross Rent | $2,375 |
| Median Home Value | $1,562,500 |
| Median Household Income | $126,496 |
| Total Housing Units | 11,513 |
| Renter-Occupied Units | 7,478 |
| Renter-Occupied Share | 65% |
| Households Paying 50%+ Income | 1,678 households |
| Unemployment Rate(April 2026) | 4% |
How does ZIP 02116 compare?
Median gross rent ranked against all ZIP codes in Massachusetts.
Higher rent than 88% of ZIP codes in Massachusetts · 57th of 461
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 02142 | $3,501 |
| 1 | ZCTA5 02109 | $3,501 |
| 1 | ZCTA5 02199 | $3,501 |
| … 53 more … | ||
| 57 | ZCTA5 02116(you are here) | $2,375 |
| … 401 more … | ||
| 459 | ZCTA5 02559 | $687 |
| 460 | ZCTA5 01098 | $633 |
| 461 | ZCTA5 02367 | $555 |
Geography
ZIP 02116 is in Suffolk County, Massachusetts.
It covers part of Boston city, Massachusetts.
More data for ZCTA5 02116
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Frequently asked questions
What is the average rent in ZCTA5 02116, Massachusetts?
The median gross rent in ZCTA5 02116, Massachusetts (ZIP 02116) is $2,375/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in ZCTA5 02116, Massachusetts?
The median rent for a 2-bedroom in ZCTA5 02116, Massachusetts is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in ZCTA5 02116, Massachusetts?
The median home value in ZCTA5 02116, Massachusetts (ZIP 02116) is $1,562,500 according to Census ACS 5-Year estimates (2024).
What percentage of renters in ZCTA5 02116 are rent-burdened?
In ZCTA5 02116, Massachusetts, 1,678 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in ZCTA5 02116, Massachusetts?
The median household income in ZCTA5 02116, Massachusetts is $126,496/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $2,375 has a margin of error of ±$160. In very small areas, MOEs can be large relative to the estimate.
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