ZIP Code · MA

ZIP 02127

Part of Boston, MA
Pop. 36,769·Suffolk County·10th most expensive ZIP in Massachusetts
Median rent (all units)
$3,738/mo
Year-over-Year
+3.5%
Month-over-Month
+0.2%
vs US Median
+$1,806
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 02127 · $3,738
More expensive than 96% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$3,040
1 BR
$3,190
2 BR
$3,790
3 BR
$4,540
4 BR+
$5,020
Research median
$3,790/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 02127 usually run 2.6% below trend in December and 2.4% above it in June, about $187 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 02127 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Massachusetts

Rent in ZIP 02127 changed +3.5% over the year to September 2026. Across the 140 Massachusetts ZIP codes Zillow tracks, the typical change was +3.0%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 02127 rose 24.1% while median household income rose 50.6% ($109,149 to $164,387). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 02127 is 32.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 6 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($164,387) is $4,110 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($3,790); a 3-bedroom is $4,540.

Rank in Boston

19th cheapest of 25 ZIP codes in Boston.

Cheaper nearby

ZIP 02125, 2 miles away, rents for 15% less ($3,160/mo), about $6,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 02127. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$44,856/yr
At $3,738/mo median
Location
CityBoston
StateMA
CountySuffolk County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.5% YoY, +0.2% MoM), not inventory.
Demographics

Who lives here

ZIP 02127 (Boston, MA) is roughly split between renters and owners, skews toward younger working-age adults, has a median income above the national average, 69.8% of residents hold a bachelor's degree or higher.

Population
36,769
Median income
$164,387
Median age
32.3
Renters
54.7%
Age distribution
46.1%
25.9%
Under 189.9%
18–3446.1%
35–5425.9%
55–648.4%
65+9.7%
Gender
49%
51%
Male49%
Female51%
Race & ethnicity
77.6%
White77.6%
Black4.1%
Hispanic10.5%
Asian6.4%
Other1.4%
Education (25+)
14.7%
69.8%
No HS diploma3.9%
HS diploma14.7%
Some college11.6%
Bachelor's+69.8%
Housing tenure
45.3%
54.7%
Owner45.3%
Renter54.7%

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

2021 vs 2026

How ZIP 02127 in Boston, MA has changed in 5 years

Rent
$2,791 → $3,738
up 33.9%
Income
$131,782 → $164,387
up 24.7%
Population
35,266 → 36,769
up 4.3%
Renter share
55.6% → 54.7%
-0.9 pts
Bachelor's+
69.2% → 69.8%
+0.6 pts

The median rent in ZIP 02127 in Boston, MA stood at $2,791 in 2021 and currently runs about $3,738, reflecting a 33.9% increase over the period. Household income in the area moved from $131,782 to $164,387 across the same window, up 24.7% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 4.3% since 2021, moving from about 35,266 residents to roughly 36,769. Reading these numbers side by side helps frame whether current listings in ZIP 02127 in Boston, MA look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 02127

Last updated: October 17, 2026

ZIP code 02127 covers Boston, MA. The median rent here is $3,738/mo as of October 2026. A 1-bedroom rents for a median of $3,190/mo. A 2-bedroom rents for a median of $3,790/mo.

At 27% of local median household income ($164,387/yr), ZIP 02127 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 02127?

To keep rent at or below 30% of gross income, you would need to earn at least $150,000/year (about $72/hour full-time) to afford the median rent of $3,738/mo in ZIP 02127. The local median household income is $164,387/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 02127?

Rent in ZIP 02127 has risen 3.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 02127?

Asking rents in ZIP 02127 are usually lowest in December, about 2.6% below their yearly trend, and highest in June, about 2.4% above it. At today's median that is a gap of roughly $187 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 02127?

No. From 2019 to 2024, rent in ZIP 02127 rose 24.1% while median household income rose 50.6%, from $109,149 to $164,387. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 02127 compare to other ZIPs in Massachusetts?

ZIP 02127 is one of the pricier among Massachusetts ZIP codes for rent, ranking #10 of 164 at $3,738/mo. Over the year to September 2026, rent in ZIP 02127 changed +3.5%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.

How does ZIP 02127 compare to the rest of Boston?

At $3,738/mo, ZIP 02127 is $467 above the Boston citywide median of $3,271/mo. It is the 19th cheapest of 25 ZIP codes in Boston.
Income Affordability
27%
AFFORDABLE

At $3,738/mo, rent takes ~27% of ZIP 02127's median household income ($164,387/yr). The standard benchmark is 30%.

ZIP 02127 27%Benchmark 30%
State income tax5%
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Schools nearby

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