ZIP Code 02116 — Boston, MA Home Prices (2026)

The typical home in ZIP 02116 (Boston, Massachusetts) is worth about $1,342,000 at roughly $1358 per square foot — 64% more expensive than the Boston median and 356% more expensive than the typical U.S. home.

$1,342,000

Typical home value

$1358

Price per sq ft

#5 of 28

Boston ZIPs by value

+64%

vs Boston median

How 02116 compares

ZIP 02116 is one of the pricier ZIP codes in Boston: its typical home value of $1,342,000 ranks #5 of the 28 Boston ZIP codes we track (the citywide range runs from $608,000 in 02126 to $3,306,000 in 02199). Per square foot it costs about $1358, against $811 for Boston as a whole, $361 for Massachusetts, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 02116	$1,342,000	$1358
Boston, MA	$816,000	$811
Massachusetts	$631,000	$361
United States	$294,000	$195

Home value by size in 02116

Using this ZIP’s rate of about $1358 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$1,358,000
1,500 sq ft	$2,037,000
2,000 sq ft	$2,716,000
2,500 sq ft	$3,395,000
3,000 sq ft	$4,074,000

Salary needed to buy a home in ZIP 02116

To buy the typical $1,342,000 home in ZIP 02116 with 20% down, you need a household income of roughly $365,000 a year (about $8,520 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $434,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$67,100	$10,590/mo	$454,000/yr
10% (+PMI)	$134,200	$10,120/mo	$434,000/yr
20%	$268,400	$8,520/mo	$365,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 02116

At about $1358 per square foot, here is roughly how much home different budgets get you in ZIP 02116:

Budget	Approx. size	What that looks like locally
$750k	550 sq ft	below the local median — condos, smaller or older homes
$1.00M	740 sq ft	below the local median — condos, smaller or older homes
$1.50M	1100 sq ft	around the typical home here
$2.00M	1470 sq ft	above the median — larger homes or the pricier ZIPs
$3.00M	2210 sq ft	above the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 02116 home.

Estimate a specific home in 02116

The estimator below is pre-set to ZIP 02116 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Boston ZIP codes by home value

Where 02116 sits among Boston’s 28 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	02199	$3,306,000	$2509
2	02108	$1,689,000	$1477
3	02210	$1,508,000	$1731
4	02110	$1,432,000	$1687
5	02116 (this page)	$1,342,000	$1358
6	02129	$1,023,000	$880
7	02111	$986,000	$1031
8	02120	$981,000	$664
9	02118	$978,000	$1100
10	02109	$971,000	$1113
11	02127	$872,000	$865
12	02115	$869,000	$1286
13	02132	$824,000	$524
14	02130	$816,000	$673
15	02134	$816,000	$646
16	02113	$744,000	$1019
17	02114	$740,000	$1148
18	02131	$730,000	$526
19	02215	$702,000	$1132
20	02124	$698,000	$499
21	02122	$680,000	$560
22	02128	$668,000	$700
23	02125	$664,000	$557
24	02121	$660,000	$418
25	02136	$659,000	$464
26	02119	$659,000	$495
27	02135	$657,000	$757
28	02126	$608,000	$427

ZIP 02116 home prices: frequently asked

What is the average home price in ZIP code 02116? +

The typical home in ZIP 02116 (Boston, MA) is worth about $1,342,000 as of 2026. That is 64% more expensive than the Boston median of $816,000 and 356% more expensive than the U.S. median of $294,000.

What is the price per square foot in 02116? +

About $1358 per square foot in 02116, versus $811 across Boston and $361 across Massachusetts. At that rate a 1,500 sq ft home runs roughly $2,037,000 and a 2,500 sq ft home about $3,395,000.

What salary do you need to buy a house in ZIP 02116? +

For the typical $1,342,000 home in ZIP 02116, a household income of about $365,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $434,000; with 5% down about $454,000.

Is 02116 an expensive ZIP code? +

Within Boston, 02116 ranks #5 of 28 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Boston. Nationally it is relatively expensive.

See the full Boston home values page, all Massachusetts cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.