02119, Roxbury, MA

Roxbury, MA is a densely populated and historically African American community located in Boston. The 2119 zip code encompasses much of Roxbury, including the majority of the city's historic black neighborhoods. Home equity and home prices in this zip code are among the highest in Boston.

The median home value in Roxbury is $527,000, which is more than double the median home value of $179,000 for all of Boston. The average home value in Roxbury is also much higher than the statewide average of $269,500. In addition to high home values, Roxbury has a high rate of homeownership (77%). This high rate of homeownership is likely due to the strong historical ties between Roxbury and its black communities.

Roxbury's high rate of homeownership has led to significant increases in home equity over the past several years. The average homeowner's equity increased from $142,000 in 2010 to $167,000 in 2016. This increase was largely due to rising prices and strong demand for housing within Roxbury's black communities. In addition to strong demand from local residents, many wealthy individuals have also invested heavily in property within Roxbury's black neighborhoods over the past several years. This influx of wealth has helped to drive up prices even further.

Despite these positive trends, there are some indications that Roxbury's high rates of homeownership may be beginning to decline. Between 2010 and 2016, the number of homes owned by people who were not white decreased by 5%, while the number owned by people who were not white increased by 10%. This shift suggests that wealthy individuals are now investing their money elsewhere within Boston or across Massachusetts as a whole rather than within Roxbury's black neighborhoods. If this trend continues it could lead to a decrease in home values within Roxburys' black neighborhoods over time