The story of this market
The typical home in ZIP 02143 sells for about $954,500, or $805 per square foot.
Prices are up +8.1% from a year ago, so sellers still have some momentum. Homes take about 30 days to sell. HUD's fair market rent for a two-bedroom is $3,490 a month.
ZIP 02143 — Somerville
The housing market in 02143 remains highly competitive, characterized by low inventory and steady price appreciation. Strong demand from professionals and proximity to major employment hubs in Boston and Cambridge continue to drive market activity, with a notable increase in year-over-year pricing.
This ZIP is ideal for young professionals and commuters who prioritize transit access and proximity to Boston, as well as investors looking for high-demand rental properties in a dense urban environment.
Median prices moved up 8.1% year over year.
Homes spend a median of 30 days on market with 2.1 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 9.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 02143, Middlesex County, MA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Somerville generally experiences lower violent crime rates compared to national averages, though property crime remains a common urban concern. Trends are stable, with the area benefiting from its proximity to Cambridge and Boston's public safety resources.
Schools in the area are part of the Somerville Public Schools district, which is characterized by a diverse student body and ongoing efforts to improve academic performance and facilities.
The area is primarily an urban environment with low wildfire risk, though certain low-lying sections near the Mystic River are subject to flood zone designations requiring flood insurance.
The area benefits from significant economic momentum driven by the expansion of the biotech and life sciences sectors in nearby Kendall Square and the ongoing Assembly Row development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Massachusetts) — Massachusetts Local Property Tax: Ad valorem tax calculated as (Municipal Budget / Total Assessed Value of all taxable property) = Tax Rate per $1,000 of assessed value. Assessments must be at 100% of full and fair cash (market) value.
Residents benefit from excellent transit access via the MBTA Green Line extension and Red Line, providing direct connections to downtown Boston and Cambridge employment hubs.
The ZIP features access to local parks like Prospect Hill Park and is within short distance of the Somerville Community Path, offering extensive walking and biking trails.
The rental market is highly competitive with low vacancy rates, driven by high demand from students and young professionals; rents have seen steady annual growth.
The local economy is anchored by the education, healthcare, and emerging life sciences sectors, heavily influenced by the proximity to Harvard and MIT.
The area is served by the MBTA Green Line extension and multiple bus routes, facilitating high-density urban transit.
Major development is concentrated around the Union Square and Gilman Square transit nodes, focusing on transit-oriented residential and commercial growth.
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Parcels are subject to standard municipal property taxes and are served by the Somerville Public Schools district.
Property insurance premiums are influenced by urban density and proximity to flood-prone areas near the Mystic River.
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Data retrieved from US Census Bureau ZCTA profiles and local market reports.
- Boston Tea Party Ships & Museum4.63.2 mi
- F1 Arcade Boston4.53.5 mi
- Museum of Illusions Boston4.52.8 mi
- Boda Borg Boston4.73.5 mi
- K1 Speed Boston-Wilmington4.212.6 mi
- Fenway Park4.82.4 mi
- TD Garden4.62.2 mi
- Thomas M. Menino Convention & Exhibition Center4.53.7 mi
- Topgolf Boston - Canton3.913.1 mi
- MGM Music Hall at Fenway4.42.4 mi
- Fenway Park4.82.4 mi
- Boston Common4.72.5 mi
- Museum of Fine Arts, Boston4.82.9 mi
- New England Aquarium4.43 mi
- Harvard Square4.61.1 mi
- Museum of Fine Arts, Boston4.82.9 mi
- Boston Public Library4.82.4 mi
- Isabella Stewart Gardner Museum4.73 mi
- Museum of Science4.71.8 mi
- Boston Tea Party Ships & Museum4.63.2 mi
- Boston Common4.72.5 mi
- Franklin Park Zoo4.45.3 mi
- Public Garden4.82.4 mi
- Charles River Esplanade4.82.1 mi
- Arnold Arboretum of Harvard University4.85.2 mi
- Community Boating, Inc.4.62 mi
- MIT Sailing Pavilion4.91.7 mi
- Atlantic Wharf4.63.1 mi
- Constitution Marina4.62.2 mi
- Charlestown Marina4.82.6 mi
- Granite Links Golf Club4.69.8 mi
- Robert T. Lynch Municipal Golf Course3.95.8 mi
- George Wright4.57.9 mi
- Newton Commonwealth Golf Course44.4 mi
- William J. Devine Golf Course at Franklin Park4.25.5 mi
- Encore Boston Harbor4.31.9 mi
- Burlington Mall4.49.1 mi
- Prudential Center Boston4.52.4 mi
- Quincy Market4.52.7 mi
- Faneuil Hall Marketplace4.52.7 mi
- Boston Logan International Airport4.14.7 mi
- Park Shuttle & Fly4.54.4 mi
- The Lounge3.44.4 mi
- DaCoopas Pizza4.13.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic park offering panoramic views of the Boston skyline.
A major multi-use path connecting Somerville neighborhoods to Cambridge.
A vibrant district known for its diverse restaurants, cafes, and local businesses.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.