Zip Code:
02118 is a Massachusetts Zip code within the city of Boston and the county of Suffolk County. Its population is roughly 28,262.
Boston is a city known for its history and its many colleges and universities. It is also a city with a high cost of living. This has led to home equity being an important part of the lives of many Boston residents.
As of September 2017, the median home value in the 2118 zip code was $527,000. This is a decrease from the previous year, when the median home value was $569,000. However, this still represents an increase from 2014, when the median home value was $479,000.
There are several factors that have contributed to this increase in home values in Boston over recent years. One reason may be that there are more people living in the 2118 zip code than ever before. Additionally, there has been an increase in demand for property within this zip code due to its close proximity to some of Boston's most popular attractions (e.g., Fenway Park and Harvard University).
Despite these positive trends, there are also indications that prices may not continue to rise at such a rapid pace indefinitely. For example, there has been an increasing number of homes being sold within the 2118 zip code that are not meeting current market standards (i.e., they are either outdated or located in less desirable areas). In addition, interest rates have been on the rise for some time now (which could lead to fewer buyers being able to afford properties within this zip code), and inflationary pressures could eventually cause prices to decline again (especially if wages do not keep pace with inflation).
Price Index: Boston, MA (MSAD)
Zipcode | Population | Density | Timezone | Latitude | Longitude | City | County | State |
---|---|---|---|---|---|---|---|---|
02115 | 28,652 | 15,628.1 | America/New_York | 42.34109 | -71.09456 | Boston | Suffolk County | Massachusetts |
02116 | 23,157 | 14,180.3 | America/New_York | 42.35062 | -71.07564 | Boston | Suffolk County | Massachusetts |
02120 | 15,188 | 9,448.3 | America/New_York | 42.33210 | -71.09637 | Roxbury Crossing | Suffolk County | Massachusetts |
02199 | 1,157 | 7,805.7 | America/New_York | 42.34747 | -71.08202 | Boston | Suffolk County | Massachusetts |