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ZIP Code · MA

ZIP 02150

Part of Chelsea, MA
Pop. 39,908·Suffolk County·103rd most expensive ZIP in Massachusetts
Median rent (all units)
$2,628/mo
Year-over-Year
+5.0%
Month-over-Month
+0.7%
vs US Median
+$663
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 02150 · $2,628
More expensive than 82% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,110
1 BR
$2,210
2 BR
$2,630
3 BR
$3,150
4 BR+
$3,480
Research median
$2,630/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
$31,536/yr
At $2,628/mo median
Location
StateMA
CountySuffolk County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.0% YoY, +0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 02150 (Chelsea, MA) is majority renter-occupied, 22.2% of residents hold a bachelor's degree or higher.

Population
39,908
Median income
$72,179
Median age
34.4
Renters
74%
Age distribution
24.4%
26.7%
28%
Under 1824.4%
18–3426.7%
35–5428%
55–6410.5%
65+10.5%
Gender
50.4%
49.6%
Male50.4%
Female49.6%
Race & ethnicity
21.7%
67.3%
White21.7%
Black8.2%
Hispanic67.3%
Asian2.1%
Other0.7%
Education (25+)
29.7%
31.8%
16.3%
22.2%
No HS diploma29.7%
HS diploma31.8%
Some college16.3%
Bachelor's+22.2%
Housing tenure
26%
74%
Owner26%
Renter74%

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

2021 vs 2026

How ZIP 02150 in Chelsea, MA has changed in 5 years

Rent
$1,821 → $2,628
up 44.3%
Income
$64,688 → $72,179
up 11.6%
Population
40,009 → 39,908
down 0.3%
Renter share
71.8% → 74%
+2.2 pts
Bachelor's+
20.9% → 22.2%
+1.3 pts
Median age
33.6 → 34.4
+0.8 yrs

Across the past five years, the going rent in ZIP 02150 in Chelsea, MA has shifted from $1,821 to $2,628, up 44.3% since 2021. Median household income climbed from $64,688 to $72,179 between 2021 and 2024, a 11.6% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has risen from 71.8% to 74%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in ZIP 02150 in Chelsea, MA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 02150

Last updated: July 20, 2026

ZIP code 02150 covers Chelsea, MA. The median rent here is $2,628/mo as of July 2026. A 1-bedroom rents for a median of $2,210/mo. A 2-bedroom rents for a median of $2,630/mo.

At 44% of local median household income ($72,179/yr), ZIP 02150 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02150?

As of July 20, 2026, the median monthly rent in ZIP 02150 (Chelsea, MA) is $2,628. This is based on aggregated data from public sources and community submissions.

How does ZIP 02150 rent compare to the US average?

ZIP 02150's median rent of $2,628/mo is $663 (34%) above the US national median of $1,965/mo.

How does ZIP 02150 compare to other ZIPs in Massachusetts?

ZIP 02150 falls in the middle range for Massachusetts, ranking #103 out of 168 ZIPs at $2,628/mo.

How much income do you need to rent in ZIP 02150?

To keep rent at or below 30% of gross income, you would need to earn at least $105,000/year (~$50/hour full-time) to afford the median rent of $2,628/mo in ZIP 02150. The local median household income is $72,179/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 02150?

Rent in ZIP 02150 has increased 5.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 02150 an affordable place to rent?

ZIP 02150 is considered stretched for renters. At $2,628/mo, rent takes approximately 44% of the local median household income ($72,179/yr). The standard benchmark is 30%. ZIP 02150 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 02150 residents rent vs. own?

According to Census data, approximately 74% of ZIP 02150 households are renters, while 26% are owner-occupied. With a majority renter population, ZIP 02150 has a strong rental market.

How does ZIP 02150 compare to the rest of Chelsea?

ZIP 02150 sits right at the Chelsea citywide median of $2,628/mo.

When was rent data for ZIP 02150 last updated?

Rent data for ZIP 02150 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
44%
STRETCHED

At $2,628/mo, rent takes ~44% of ZIP 02150's median household income ($72,179/yr). The standard benchmark is 30%.

ZIP 02150 44%Benchmark 30%
State income tax5%
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Schools nearby

Public schools near ZIP 02150 (Chelsea, MA)

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