02113, Boston, MA

Boston, MA is a large and bustling city with a population of over 6 million people. The 2113 zip code covers much of the city's eastern edge and has a population of over 100,000 people. Home prices in this zip code have been on the rise for the past several years, reaching an all-time high in 2017.

The average home price in 2113 is $362,500, which is significantly higher than the average home price in Boston as a whole ($269,900). In fact, the 2113 zip code has one of the highest home prices per capita in Massachusetts. This high home price reflects both the demand for housing in this area and the limited supply of homes available.

There are several factors contributing to the increase in home prices in 2113. First and foremost is demand from buyers who want to live close to major employment centers such as downtown Boston or Cambridge. Second is strong economic growth within this area which has led to increased job opportunities and wages. Third is limited availability of homes for sale due to zoning restrictions that make it difficult to build new homes or convert existing properties into apartments or condos. Finally, there is also strong demand from investors who are looking to purchase homes as an investment vehicle rather than live in them themselves.

Despite these positive trends, there are some risks associated with high home prices that could lead to a decrease in values later on down the road: first and foremost is potential inflationary pressure caused by increasing interest rates which would make it more expensive for buyers to borrow money against their homes; secondly there could be a sudden decrease in economic activity which would lead to fewer jobs and lower wages; thirdly there could be a sudden increase in interest rates which would make it more expensive for borrowers to pay off their mortgages or take out new loans against their homes. However, given how rapidly home prices have been rising recently it seems unlikely that any one factor will have a significant impact on values over time.