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Rental Insights for ZIP Code 02115 (Boston, MA)

Housing Rentals in ZIP Code 02115 (Boston, MA)

02115 ZIP Code in Massachusetts

Learn About Housing Rentals in ZIP Code 02115

ZIP Code 02115 is primarily located in Boston, MA in Suffolk County. This Massachusetts region has a median housing rent payment of $1,690 per month. Approximately 87.9% of housing units in this Suffolk County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 3.4%.

The median rent in ZIP Code 02115 of $1,690 per month is 32% higher than the aggregate Massachusetts median monthly rent of $1,282, and is 59% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 20.1% of renters in ZIP Code 02115 pay less than $500 per month for housing. That is 48% higher than in Massachusetts overall, in which 13.6% of total state residents pay less than $500 per month for housing. Just 9.1% of renters in ZIP Code 02115 pay between $1,000 and $1,499 for monthly rent.

ZIP Code 02115 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 02115

See the chart below for a comparison of monthly rental costs in ZIP Code 02115, Massachusetts, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 02115 along with those in the state of Massachusetts and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 02115

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 02115 Massachusetts U.S.
Less than $500 20.1% 13.6% 9.4%
$500 to $999 13.8% 20.4% 36.2%
$1,000 to $1,499 9.1% 27.4% 30.0%
$1,500 to $1,999 18.3% 19.6% 14.0%
$2,000 to $2,499 17.6% 10.1% 5.6%
$2,500 to $2,999 10.7% 4.6% 2.4%
$3,000 or more 10.4% 4.3% 2.4%

Rent Cost vs. Income in ZIP Code 02115

Renters in ZIP Code 02115 use an estimated 30.97% of their income to cover their monthly rent payments. That is about 4% higher than in Massachusetts overall. The estimate for Massachusetts overall is 29.76% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 02115 renters use about 4% more of their income to cover rent expense. Household income figures for ZIP Code 02115 come in lower than in Massachusetts as a whole. The median annual household income in ZIP Code 02115 of $43,144 sits approximately 47% lower than the overall Massachusetts median income of $81,215 and approximately 31% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 02115

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 02115, Massachusetts, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 02115 along with the same calculations in the state of Massachusetts and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 02115

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 02115 Massachusetts U.S.
Less than 15.0 percent 10.4% 13.0% 13.1%
15.0 to 19.9 percent 11.3% 12.6% 12.9%
20.0 to 24.9 percent 11.2% 12.6% 12.9%
25.0 to 29.9 percent 13.2% 12.3% 11.6%
30.0 to 34.9 percent 10.6% 10.0% 9.1%
35.0 percent or more 43.2% 39.5% 40.5%

Household Income in ZIP Code 02115

See the table below for the regional comparison of annual household income in ZIP Code 02115.

Income ZIP 02115 Massachusetts U.S.
Less than $10,000 19.4% 5.2% 6.0%
$10,000 to $14,999 9.7% 4.2% 4.3%
$15,000 to $24,999 10.6% 7.2% 8.9%
$25,000 to $34,999 7.7% 6.7% 8.9%
$35,000 to $49,999 6.6% 9.3% 12.3%
$50,000 to $74,999 13.0% 14.2% 17.2%
$75,000 to $99,999 7.5% 12.1% 12.7%
$100,000 to $149,999 10.5% 17.8% 15.1%
$150,000 to $199,999 6.1% 10.2% 6.8%
$200,000 or more 9.0% 13.2% 7.7%

Household Income in ZIP Code 02115

See the chart below for a comparison of annual household income figures in ZIP Code 02115, Massachusetts, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 02115 alongside the same figures for the state of Massachusetts and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 02115

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 02115.

ZIP 02115 Massachusetts U.S.
Median Housing Rent $1,690 $1,282 $1,062
Renter-Occupied Housing Units 87.9% 37.6% 36.0%
Rental Vacancy Rate 3.4% 3.6% 6.0%
Average Size of Renter-Occupied Unit 1.75 2.25 2.49
Average # of Bedrooms Per Unit 1.32 2.66 2.75
Percent of Income Spent on Rent 30.97% 29.76% 29.83%
Per Capita Income $29,189 $43,761 $34,103
Median Household Income $82,144 $111,498 $88,607
Living Below the Poverty Line 17.6% 7.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 02115

In ZIP Code 02115 (Boston, MA), and estimated 87.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.4%.

The per capita income in 02115 is estimated at $29,189, which goes along with an estimated median household income of $82,144. About 17.6% of residents in this Suffolk County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.75 occupants, while the units have an aggregate average size of 1.32 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.97% of their income on housing rental costs.

Rental FAQs for ZIP Code 02115

1

What is the median monthly rent in ZIP Code 02115?

Median rent for housing in ZIP Code 02115 in Suffolk County in Massachusetts is approximately $1,690 per month.
2

Is it expensive to rent in ZIP Code 02115?

Rent in ZIP Code 02115 is higher than average in the state of Massachusetts overall. The median monthly rent of $1,690 in ZIP Code 02115 is approximately 32% higher than the Massachusetts median of $1,282. Additionally, median rent in this Boston, MA region ($1,690) is about 59% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 02115?

High-priced rentals are more common in ZIP Code 02115 than in Massachusetts overall. The percentage of rentals in ZIP Code 02115 that cost $3,000 or more per month (10.4%) is about 142% higher than the Massachusetts rate of 4.3% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 333% lower than the aforementioned 02115 rate of 10.4%.
4

Are affordable rentals common in ZIP Code 02115?

Affordable rentals are less common in ZIP Code 02115 than in Massachusetts overall. The percentage of housing rentals in ZIP Code 02115 costing $999 or less per month (33.9%) is approximately 0% lower than the Massachusetts rate of 34% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 26% higher than the previously mentioned 02115 rate of 33.9%.
5

What is the most common cost range that rentals fall into in ZIP Code 02115?

The most common range for rental cost in ZIP Code 02115 is less than $500 per month. About 20.1% of renters in 02115 pay in this range for monthly rent. In comparison, approximately 13.6% of renters in the state of Massachusetts fall in the less than $500 range, and 9.4% of overall U.S. renters fall in this range.
6

Does ZIP Code 02115 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 02115 is lower than the rental vacancy rate in the state of Massachusetts overall. Rental vacancy of 3.4% in ZIP Code 02115 is about 6% lower than the Massachusetts rate of 3.6%. Looking more broadly, rental vacancy in this Boston, MA region (3.4%) is an estimated 43% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 02115? How does it compare to other Massachusetts regions?

Median household income in ZIP Code 02115 is lower than in the state of Massachusetts overall. Annual household income of $43,144 in ZIP Code 02115 is about 47% lower than the Massachusetts median of $81,215. Additionally, median household income in this Boston, MA region ($43,144) is approximately 31% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 02115 spend on housing costs?

Renters in ZIP Code 02115 spend a higher amount of their income on rent costs than do renters in Massachusetts overall. Renters in ZIP Code 02115 spend an estimated 30.97% of their income on rent payments, which is about 4% higher than the overall Massachusetts estimated rate of 29.76%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 4% lower than the ZIP Code 02115 estimated rate of 30.97%.
9

Do renters in ZIP Code 02115 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 02115 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 02115 spending 30 percent or more of their income on rent costs (53.8%) is approximately 9% higher than the Massachusetts rate of 49.5% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 8% lower than the aforementioned 02115 rate of 53.8%.
10

What is the average household size of renter-occupied units in ZIP Code 02115?

The average household size of renter-occupied units in ZIP Code 02115 is lower than in the state of Massachusetts overall. Annual household size of 1.75 in ZIP Code 02115 is about 22% lower than the Massachusetts median of 2.25. Additionally, median household size in this Boston, MA region (1.75) is approximately 30% lower than median household size of 2.49 in the U.S. as a whole.

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