The story of this market
The typical home in ZIP 02124 sells for about $659,167, or $435 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,684 a month.
ZIP 02124 — Boston
The 02124 housing market remains resilient, characterized by low inventory and steady demand from buyers seeking urban accessibility. While price growth has moderated compared to previous years, the market maintains a competitive edge due to its proximity to Boston's core and transit infrastructure.
This ZIP is well-suited for first-time family buyers, commuters relying on the Red Line, and investors looking for multi-family opportunities in a high-demand urban environment.
Median prices moved up 4.2% year over year.
Homes spend a median of 32 days on market with 2.4 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 101.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.0% · poverty 17.0% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 02124, Suffolk County, MA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Dorchester area are generally higher than the national average, with property and violent crime trends remaining a persistent concern for local law enforcement compared to safer suburban regions of Massachusetts.
The area is served by Boston Public Schools, which features a mix of pilot, innovation, and traditional schools; performance ratings vary significantly across individual institutions.
The area faces standard urban climate risks, including potential for localized flooding during extreme weather events and typical New England winter storm exposure.
Economic momentum is driven by proximity to Boston's core employment hubs, with ongoing urban infill projects and transit-oriented development initiatives along the Red Line corridor.
Property taxes are assessed by the City of Boston based on fair market value; the city utilizes a split tax rate system that differentiates between residential and commercial property classes.
Residents benefit from direct access to the MBTA Red Line (Ashmont and Shawmut stations) and several bus routes, providing a relatively efficient transit commute to Downtown Boston.
The ZIP features significant green space including the Dorchester Park and the Neponset River Greenway, alongside diverse local shopping and dining corridors along Dorchester Avenue.
The rental market is highly competitive with low vacancy rates, driven by strong demand from students and young professionals seeking proximity to Boston's universities and job centers.
The local economy is anchored by healthcare, education, and public sector employment, with strong ties to the broader Boston-Cambridge-Newton metropolitan labor market.
The area is served by the MBTA Red Line and extensive bus networks, facilitating high-volume transit access to the Boston employment core.
Development pipeline focuses on transit-oriented residential projects and the revitalization of commercial corridors along Dorchester Avenue.
The City of Boston Assessing Department manages property valuations, utilizing annual market analysis to determine assessments for tax purposes.
Parcels are subject to City of Boston municipal taxes and various utility service districts, including water and sewer services provided by the Boston Water and Sewer Commission.
Property insurance premiums are influenced by urban density and coastal proximity, with standard coverage requirements for fire and liability.
Massachusetts is a judicial foreclosure state, requiring court oversight for the foreclosure process.
Massachusetts requires sellers to provide a property disclosure statement regarding the condition of the home, though it is a 'caveat emptor' state.
Data retrieved from Census Reporter and data.census.gov ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Boston Tea Party Ships & Museum4.64.9 mi
- F1 Arcade Boston4.54.9 mi
- Starland Sportsplex & Fun Park4.416.6 mi
- Museum of Illusions Boston4.55.4 mi
- Boda Borg Boston4.710 mi
- Fenway Park4.84.7 mi
- TD Garden4.65.8 mi
- Gillette Stadium4.616.6 mi
- Thomas M. Menino Convention & Exhibition Center4.54.4 mi
- Topgolf Boston - Canton3.97.4 mi
- Fenway Park4.84.7 mi
- Boston Common4.75 mi
- Museum of Fine Arts, Boston4.84.1 mi
- New England Aquarium4.45.4 mi
- Harvard Square4.66.8 mi
- Museum of Fine Arts, Boston4.84.1 mi
- Boston Public Library4.84.6 mi
- Isabella Stewart Gardner Museum4.74.2 mi
- Museum of Science4.75.9 mi
- Boston Tea Party Ships & Museum4.64.9 mi
- Boston Common4.75 mi
- Franklin Park Zoo4.41.9 mi
- Public Garden4.84.9 mi
- Charles River Esplanade4.85.1 mi
- Arnold Arboretum of Harvard University4.83.2 mi
- Community Boating, Inc.4.65.3 mi
- MIT Sailing Pavilion4.95.3 mi
- Atlantic Wharf4.64.9 mi
- Constitution Marina4.66.1 mi
- Charlestown Marina4.86.5 mi
- Topgolf Boston - Canton3.97.4 mi
- Granite Links Golf Club4.62.8 mi
- Robert T. Lynch Municipal Golf Course3.95.1 mi
- George Wright4.53.5 mi
- Newton Commonwealth Golf Course46.8 mi
- Encore Boston Harbor4.37.8 mi
- Prudential Center Boston4.54.6 mi
- Quincy Market4.55.4 mi
- Faneuil Hall Marketplace4.55.4 mi
- Assembly Row4.57.7 mi
- Boston Logan International Airport4.16.5 mi
- Park Shuttle & Fly4.57.9 mi
- The Lounge3.46.5 mi
- DaCoopas Pizza4.17 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large, historic public park offering green space and recreational facilities.
A scenic multi-use trail system connecting neighborhoods to the waterfront.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.