The story of this market
The typical home in ZIP 02199 sells for about $2,749,000, or $2,248 per square foot.
Prices are down 5.7% from a year ago, which gives buyers more room to negotiate. Homes take about 90 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $3,501 a month.
ZIP 02199 — Boston
The 02199 housing market is currently experiencing a downturn with declining values and high vacancy rates, reflecting a cooling luxury segment. High price points and a significant share of vacant units suggest a challenging environment for investors and sellers alike. Market activity is limited, with few closed sales reported in recent periods.
This ZIP is best suited for high-net-worth individuals, luxury downsizers, and corporate professionals who prioritize proximity to Boston's financial and cultural core over traditional family-oriented suburban space.
Median prices moved down 5.7% year over year.
Homes spend a median of 90 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.6% · poverty 2.4% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 02199, Suffolk 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.
The area is served by Boston Public Schools, which provides a range of educational options, though specific school-level ratings vary significantly across the district.
The area is subject to standard urban climate risks, including potential for coastal flooding and extreme weather events common to the Boston metropolitan region.
The area is a high-density urban core with significant luxury residential and commercial development, anchored by major institutions and corporate presence in the Prudential and Back Bay districts.
Property taxes are assessed by the City of Boston; rates are determined annually based on the city's budget requirements and property valuations, with specific exemptions available for owner-occupied primary residences.
The ZIP is centrally located in Boston, offering exceptional access to public transit via the MBTA Green Line and Orange Line, making it highly walkable and transit-oriented for commuters.
Residents have immediate access to the Boston Public Library, the Prudential Center shopping district, and the nearby Commonwealth Avenue Mall and Charles River Esplanade for outdoor recreation.
The rental market is characterized by high-end luxury inventory with significant vacancy pressure compared to national norms, reflecting a specialized, high-cost tenant base.
The economy is driven by high-end retail, professional services, and proximity to major corporate headquarters and academic institutions in the Back Bay and Prudential areas.
The area is highly accessible via the MBTA subway system, including the Green and Orange lines, and is well-integrated into Boston's dense urban transit grid.
Development is focused on high-density luxury residential and commercial infill projects within the constrained urban footprint of the Prudential/Back Bay area.
Parcels are subject to City of Boston municipal taxes and standard utility district assessments.
Property insurance in this urban core is influenced by high property values and exposure to coastal weather risks, necessitating comprehensive coverage.
Data retrieved from US Census Bureau ZCTA-level tables.
- Boston Tea Party Ships & Museum4.61.7 mi
- F1 Arcade Boston4.52 mi
- Museum of Illusions Boston4.51.8 mi
- Boda Borg Boston4.75.6 mi
- K1 Speed Boston-Wilmington4.215.1 mi
- Fenway Park4.80.7 mi
- TD Garden4.61.7 mi
- Gillette Stadium4.619.9 mi
- Thomas M. Menino Convention & Exhibition Center4.51.8 mi
- Topgolf Boston - Canton3.911.1 mi
- Fenway Park4.80.7 mi
- Boston Common4.71.1 mi
- Museum of Fine Arts, Boston4.80.7 mi
- New England Aquarium4.41.9 mi
- Harvard Square4.62.6 mi
- Museum of Fine Arts, Boston4.80.7 mi
- Boston Public Library4.80.3 mi
- Isabella Stewart Gardner Museum4.71 mi
- Museum of Science4.71.6 mi
- Boston Tea Party Ships & Museum4.61.7 mi
- Boston Common4.71.1 mi
- Franklin Park Zoo4.42.9 mi
- Public Garden4.80.8 mi
- Charles River Esplanade4.80.7 mi
- Arnold Arboretum of Harvard University4.83.3 mi
- Community Boating, Inc.4.61.1 mi
- MIT Sailing Pavilion4.90.9 mi
- Atlantic Wharf4.61.6 mi
- Constitution Marina4.62.1 mi
- Charlestown Marina4.82.6 mi
- Topgolf Boston - Canton3.911.1 mi
- Granite Links Golf Club4.67.3 mi
- Robert T. Lynch Municipal Golf Course3.94.7 mi
- George Wright4.56 mi
- Newton Commonwealth Golf Course44.5 mi
- Encore Boston Harbor4.33.4 mi
- Burlington Mall4.411.5 mi
- Prudential Center Boston4.50.1 mi
- Quincy Market4.51.7 mi
- Faneuil Hall Marketplace4.51.7 mi
- Boston Logan International Airport4.14 mi
- Park Shuttle & Fly4.54.6 mi
- The Lounge3.43.8 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.
A major mixed-use complex featuring extensive retail, dining, and office space.
A historic and architecturally significant landmark serving as a major public resource.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.