ZIP Code · MA

ZIP 02368

Part of Randolph, MA

Pop. 34,912·Norfolk County·103rd most expensive ZIP in Massachusetts

Median rent (all units)

$2,582/mo

Year-over-Year

-0.7%

Month-over-Month

-0.7%

vs US Median

+$650

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 02368 · $2,582

More expensive than 82% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,310

1 BR

$2,430

2 BR

$2,880

3 BR

$3,450

4 BR+

$3,810

Research median

$2,880/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

Compared with the peak

Rent in ZIP 02368 is 2.8% below its high of $2,656 in June 2026, at $2,582 as of September 2026.

Past year vs. the rest of Massachusetts

Rent in ZIP 02368 changed -0.7% over the year to September 2026. Across the 140 Massachusetts ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent has fallen 3 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($109,665) is $2,742 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,430); a 2-bedroom is $2,880.

Cheaper nearby

ZIP 02170, 6 miles away, rents for 12% less ($2,266/mo), about $3,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 02368. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$30,984/yr

At $2,582/mo median

Location

CityRandolph

StateMA

CountyNorfolk County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.7% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-0.7% YoY, -0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 02368 (Randolph, MA) is majority owner-occupied, has a median income above the national average, 35.6% of residents hold a bachelor's degree or higher.

Population

34,912

Median income

$109,665

Median age

41.3

Renters

28.7%

Age distribution

17.2%

24.6%

25.2%

14.5%

18.4%

Under 1817.2%

18–3424.6%

35–5425.2%

55–6414.5%

65+18.4%

Gender

48.4%

51.6%

Male48.4%

Female51.6%

Race & ethnicity

28.8%

41.1%

14.4%

12.5%

White28.8%

Black41.1%

Hispanic14.4%

Asian12.5%

Other3.2%

Education (25+)

23.7%

29.1%

35.6%

No HS diploma11.6%

HS diploma23.7%

Some college29.1%

Bachelor's+35.6%

Housing tenure

71.3%

28.7%

Owner71.3%

Renter28.7%

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

2022 vs 2026

How ZIP 02368 in Randolph, MA has changed in 5 years

Rent

$2,152 → $2,582

up 20.0%

Income

$87,985 → $109,665

up 24.6%

Population

34,696 → 34,912

up 0.6%

Renter share

33.2% → 28.7%

-4.5 pts

Bachelor's+

30.6% → 35.6%

+5.0 pts

The median rent in ZIP 02368 in Randolph, MA stood at $2,152 in 2022 and currently runs about $2,582, reflecting a 20.0% increase over the period. Local incomes tracked alongside that move, going from a median of $87,985 in 2021 to $109,665 more recently. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. Renters now make up 28.7% of households, compared with 33.2% five years ago. College-educated residents now make up 35.6% of adults here, versus 30.6% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 02368 in Randolph, MA market of 2022.

Community

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About renting in ZIP 02368

Last updated: October 17, 2026

ZIP code 02368 covers Randolph, MA. The median rent here is $2,582/mo as of October 2026. A 1-bedroom rents for a median of $2,430/mo. A 2-bedroom rents for a median of $2,880/mo.

At 28% of local median household income ($109,665/yr), ZIP 02368 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 02368?

To keep rent at or below 30% of gross income, you would need to earn at least $103,000/year (about $50/hour full-time) to afford the median rent of $2,582/mo in ZIP 02368. The local median household income is $109,665/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 02368?

Rent in ZIP 02368 has fallen 0.7% over the past year as of September 2026. It sits 2.8% below its high of $2,656 in June 2026.

How does ZIP 02368 compare to other ZIPs in Massachusetts?

ZIP 02368 is in the middle among Massachusetts ZIP codes for rent, ranking #103 of 164 at $2,582/mo. Over the year to September 2026, rent in ZIP 02368 changed -0.7%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.