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ZIP Code · MA

ZIP 02124

Part of Boston, MA
Pop. 56,216·Suffolk County·55th most expensive ZIP in Massachusetts
Median rent (all units)
$3,083/mo
Year-over-Year
+3.4%
Month-over-Month
+4.1%
vs US Median
+$1,118
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 02124 · $3,083
More expensive than 91% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,040
1 BR
$2,160
2 BR
$2,560
3 BR
$3,080
4 BR+
$3,390
Research median
$2,560/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$36,996/yr
At $3,083/mo median
Location
CityBoston
StateMA
CountySuffolk County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+3.4% YoY, +4.1% MoM), not inventory.
Demographics

Who lives here

ZIP 02124 (Boston, MA) is majority renter-occupied, 31.6% of residents hold a bachelor's degree or higher.

Population
56,216
Median income
$81,923
Median age
36.9
Renters
58.6%
Age distribution
23.3%
23.5%
27.7%
12.2%
13.3%
Under 1823.3%
18–3423.5%
35–5427.7%
55–6412.2%
65+13.3%
Gender
47.5%
52.5%
Male47.5%
Female52.5%
Race & ethnicity
18.5%
45.9%
19.5%
White18.5%
Black45.9%
Hispanic19.5%
Asian8.5%
Other7.5%
Education (25+)
17.4%
26.1%
24.9%
31.6%
No HS diploma17.4%
HS diploma26.1%
Some college24.9%
Bachelor's+31.6%
Housing tenure
41.4%
58.6%
Owner41.4%
Renter58.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 02124 in Boston, MA has changed in 5 years

Rent
$2,215 → $3,083
up 39.2%
Income
$65,683 → $81,923
up 24.7%
Population
56,070 → 56,216
up 0.3%
Renter share
58.7% → 58.6%
-0.1 pts
Bachelor's+
29.9% → 31.6%
+1.7 pts
Median age
35.1 → 36.9
+1.8 yrs

Five years ago, renters in ZIP 02124 in Boston, MA paid around $2,215 a month. That figure now sits near $3,083, up 39.2% from the 2021 baseline. Census figures show median household income at $81,923 today, compared with $65,683 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

Tips for renters in ZIP 02124

About renting in ZIP 02124

Last updated: July 20, 2026

ZIP code 02124 covers Boston, MA. The median rent here is $3,083/mo as of July 2026. A 1-bedroom rents for a median of $2,160/mo. A 2-bedroom rents for a median of $2,560/mo.

At 45% of local median household income ($81,923/yr), ZIP 02124 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02124?

As of July 20, 2026, the median monthly rent in ZIP 02124 (Boston, MA) is $3,083. This is based on aggregated data from public sources and community submissions.

How does ZIP 02124 rent compare to the US average?

ZIP 02124's median rent of $3,083/mo is $1,118 (57%) above the US national median of $1,965/mo.

How does ZIP 02124 compare to other ZIPs in Massachusetts?

ZIP 02124 is one of the pricier ZIP codes in Massachusetts, ranking #55 out of 168 ZIPs tracked at $3,083/mo.

How much income do you need to rent in ZIP 02124?

To keep rent at or below 30% of gross income, you would need to earn at least $123,000/year (~$59/hour full-time) to afford the median rent of $3,083/mo in ZIP 02124. The local median household income is $81,923/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 02124?

Rent in ZIP 02124 has increased 3.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 02124 an affordable place to rent?

ZIP 02124 is considered stretched for renters. At $3,083/mo, rent takes approximately 45% of the local median household income ($81,923/yr). The standard benchmark is 30%. ZIP 02124 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 02124 residents rent vs. own?

According to Census data, approximately 58.6% of ZIP 02124 households are renters, while 41.4% are owner-occupied. With a majority renter population, ZIP 02124 has a strong rental market.

How does ZIP 02124 compare to the rest of Boston?

ZIP 02124 is more affordable than Boston overall. At $3,083/mo, it's $386 below the Boston citywide median of $3,469/mo.

When was rent data for ZIP 02124 last updated?

Rent data for ZIP 02124 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
45%
STRETCHED

At $3,083/mo, rent takes ~45% of ZIP 02124's median household income ($81,923/yr). The standard benchmark is 30%.

ZIP 02124 45%Benchmark 30%
State income tax5%
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Schools nearby

Public schools near ZIP 02124 (Boston, MA)

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