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Rental Insights for ZIP Code 02128 (Boston, MA)

Housing Rentals in ZIP Code 02128 (Boston, MA)

02128 ZIP Code in Massachusetts

Learn About Housing Rentals in ZIP Code 02128

ZIP Code 02128 is primarily located in Boston, MA in Suffolk County. This Massachusetts region has a median housing rent payment of $1,545 per month. Approximately 72.2% of housing units in this Suffolk County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 2.0%.

The median rent in ZIP Code 02128 of $1,545 per month is 21% higher than the aggregate Massachusetts median monthly rent of $1,282, and is 45% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 28.4% of residents in ZIP Code 02128 pay between $1,500 and $1,999 per month for rent. That is 45% higher than in Massachusetts overall, in which 19.6% of total state residents pay between $1,500 and $1,999 per month for housing. Just 1.2% of renters in ZIP Code 02128 pay $3,000 or more for monthly rent.

ZIP Code 02128 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 02128

See the chart below for a comparison of monthly rental costs in ZIP Code 02128, Massachusetts, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 02128 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 02128

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

Cost ZIP 02128 Massachusetts U.S.
Less than $500 14.0% 13.6% 9.4%
$500 to $999 9.7% 20.4% 36.2%
$1,000 to $1,499 23.6% 27.4% 30.0%
$1,500 to $1,999 28.4% 19.6% 14.0%
$2,000 to $2,499 17.3% 10.1% 5.6%
$2,500 to $2,999 5.7% 4.6% 2.4%
$3,000 or more 1.2% 4.3% 2.4%

Rent Cost vs. Income in ZIP Code 02128

Renters in ZIP Code 02128 use an estimated 29.55% of their income to cover their monthly rent payments. That is about 1% lower 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 02128 renters use about 1% less of their income to cover rent expense. Household income figures for ZIP Code 02128 come in lower than in Massachusetts as a whole. The median annual household income in ZIP Code 02128 of $60,579 sits approximately 25% lower than the overall Massachusetts median income of $81,215 and approximately 4% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 02128

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 02128, 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 02128 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 02128

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

Rent Cost as % of Income ZIP 02128 Massachusetts U.S.
Less than 15.0 percent 13.9% 13.0% 13.1%
15.0 to 19.9 percent 12.0% 12.6% 12.9%
20.0 to 24.9 percent 10.7% 12.6% 12.9%
25.0 to 29.9 percent 15.6% 12.3% 11.6%
30.0 to 34.9 percent 9.1% 10.0% 9.1%
35.0 percent or more 38.6% 39.5% 40.5%

Household Income in ZIP Code 02128

See the table below for the regional comparison of annual household income in ZIP Code 02128.

Income ZIP 02128 Massachusetts U.S.
Less than $10,000 6.3% 5.2% 6.0%
$10,000 to $14,999 5.2% 4.2% 4.3%
$15,000 to $24,999 9.0% 7.2% 8.9%
$25,000 to $34,999 6.9% 6.7% 8.9%
$35,000 to $49,999 13.6% 9.3% 12.3%
$50,000 to $74,999 17.5% 14.2% 17.2%
$75,000 to $99,999 11.4% 12.1% 12.7%
$100,000 to $149,999 15.0% 17.8% 15.1%
$150,000 to $199,999 8.7% 10.2% 6.8%
$200,000 or more 6.3% 13.2% 7.7%

Household Income in ZIP Code 02128

See the chart below for a comparison of annual household income figures in ZIP Code 02128, Massachusetts, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 02128 alongside the same figures for the state of Massachusetts and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 02128

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 02128.

ZIP 02128 Massachusetts U.S.
Median Housing Rent $1,545 $1,282 $1,062
Renter-Occupied Housing Units 72.2% 37.6% 36.0%
Rental Vacancy Rate 2.0% 3.6% 6.0%
Average Size of Renter-Occupied Unit 2.91 2.25 2.49
Average # of Bedrooms Per Unit 2.14 2.66 2.75
Percent of Income Spent on Rent 29.55% 29.76% 29.83%
Per Capita Income $31,473 $43,761 $34,103
Median Household Income $83,349 $111,498 $88,607
Living Below the Poverty Line 13.7% 7.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 02128

In ZIP Code 02128 (Boston, MA), and estimated 72.2% of housing units are occupied by renters. This region has an approximate rental vacany rate of 2.0%.

The per capita income in 02128 is estimated at $31,473, which goes along with an estimated median household income of $83,349. About 13.7% of residents in this Suffolk County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.91 occupants, while the units have an aggregate average size of 2.14 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.55% of their income on housing rental costs.

Rental FAQs for ZIP Code 02128

1

What is the median monthly rent in ZIP Code 02128?

Median rent for housing in ZIP Code 02128 in Suffolk County in Massachusetts is approximately $1,545 per month.
2

Is it expensive to rent in ZIP Code 02128?

Rent in ZIP Code 02128 is higher than average in the state of Massachusetts overall. The median monthly rent of $1,545 in ZIP Code 02128 is approximately 21% higher than the Massachusetts median of $1,282. Additionally, median rent in this Boston, MA region ($1,545) is about 45% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 02128?

High-priced rentals are less common in ZIP Code 02128 than in Massachusetts overall. The percentage of rentals in ZIP Code 02128 that cost $3,000 or more per month (1.2%) is about 72% lower 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 50% higher than the aforementioned 02128 rate of 1.2%.
4

Are affordable rentals common in ZIP Code 02128?

Affordable rentals are less common in ZIP Code 02128 than in Massachusetts overall. The percentage of housing rentals in ZIP Code 02128 costing $999 or less per month (23.7%) is approximately 30% 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 48% higher than the previously mentioned 02128 rate of 23.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 02128?

The most common range for rental cost in ZIP Code 02128 is between $1,500 and $1,999 per month. About 28.4% of renters in 02128 pay in this range for monthly rent. In comparison, approximately 19.6% of renters in the state of Massachusetts fall in the between $1,500 and $1,999 range, and 14.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 02128 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 02128 is lower than the rental vacancy rate in the state of Massachusetts overall. Rental vacancy of 2.0% in ZIP Code 02128 is about 44% lower than the Massachusetts rate of 3.6%. Looking more broadly, rental vacancy in this Boston, MA region (2.0%) is an estimated 67% 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 02128? How does it compare to other Massachusetts regions?

Median household income in ZIP Code 02128 is lower than in the state of Massachusetts overall. Annual household income of $60,579 in ZIP Code 02128 is about 25% lower than the Massachusetts median of $81,215. Additionally, median household income in this Boston, MA region ($60,579) is approximately 4% 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 02128 spend on housing costs?

Renters in ZIP Code 02128 spend a lower amount of their income on rent costs than do renters in Massachusetts overall. Renters in ZIP Code 02128 spend an estimated 29.55% of their income on rent payments, which is about 1% lower 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 1% higher than the ZIP Code 02128 estimated rate of 29.55%.
9

Do renters in ZIP Code 02128 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 02128 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 02128 spending 30 percent or more of their income on rent costs (47.7%) is approximately 4% lower 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 4% higher than the aforementioned 02128 rate of 47.7%.
10

What is the average household size of renter-occupied units in ZIP Code 02128?

The average household size of renter-occupied units in ZIP Code 02128 is higher than in the state of Massachusetts overall. Annual household size of 2.91 in ZIP Code 02128 is about 29% higher than the Massachusetts median of 2.25. Additionally, median household size in this Boston, MA region (2.91) is approximately 17% higher than median household size of 2.49 in the U.S. as a whole.

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