The story of this market
The typical home in ZIP 02474 sells for about $1,080,000, or $635 per square foot.
Prices are down 18.3% from a year ago, which gives buyers more room to negotiate. Homes take about 21 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,383 a month.
ZIP 02474 — Arlington
The 02474 housing market remains highly competitive despite a year-over-year price correction, with homes selling quickly and often above asking price. Low inventory levels continue to drive market dynamics, favoring sellers in this desirable Boston-area suburb.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with excellent school access and a relatively short commute to Boston and Cambridge.
Median prices moved down 18.3% year over year.
Homes spend a median of 21 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 103.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — 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 6.0%/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 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 02474, 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.
Arlington generally reports low crime rates compared to the broader Boston metropolitan area, with property and violent crime remaining consistently below regional averages.
Arlington public schools are generally highly regarded, with the district consistently ranking among the top in the state for academic performance.
The area faces moderate risks related to urban flooding in low-lying zones near the Mystic Lakes and Alewife Brook, with standard insurance requirements for flood-prone parcels.
Arlington is a mature, largely built-out residential suburb of Boston with limited space for large-scale new development, focusing primarily on infill and renovation.
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 proximity to the MBTA Red Line in neighboring Cambridge and Somerville, with bus routes providing direct access to the Boston employment core.
The area features the Minuteman Bikeway, Spy Pond for water recreation, and numerous local parks and playgrounds, with easy access to shopping in Arlington Center.
The rental market is characterized by high demand and low vacancy rates, driven by proximity to Boston and Cambridge universities and employment hubs.
The local economy is heavily integrated into the broader Boston-Cambridge innovation and education corridor, with many residents employed in higher education, healthcare, and technology.
Arlington is served by an extensive network of MBTA bus routes connecting to the Red Line subway, facilitating transit-oriented commuting to Boston.
Development is primarily focused on small-scale residential infill and the revitalization of existing commercial corridors in Arlington Center.
Parcels are subject to town-wide property taxes and are served by the Arlington Public Schools district.
Property insurance premiums are stable but reflect regional risks associated with coastal storm surges and winter weather events.
Data retrieved from US Census Bureau ZCTA-level tables.
- Boston Tea Party Ships & Museum4.67.2 mi
- Kimball Farm Westford4.617.9 mi
- F1 Arcade Boston4.57.5 mi
- Museum of Illusions Boston4.56.8 mi
- Boda Borg Boston4.74.3 mi
- Fenway Park4.86 mi
- TD Garden4.66.1 mi
- Thomas M. Menino Convention & Exhibition Center4.57.7 mi
- Topgolf Boston - Canton3.915.8 mi
- MGM Music Hall at Fenway4.46.1 mi
- Fenway Park4.86 mi
- Boston Common4.76.5 mi
- Museum of Fine Arts, Boston4.86.5 mi
- New England Aquarium4.46.9 mi
- Harvard Square4.63.9 mi
- Museum of Fine Arts, Boston4.86.5 mi
- Boston Public Library4.86.4 mi
- Isabella Stewart Gardner Museum4.76.5 mi
- Museum of Science4.75.7 mi
- Boston Tea Party Ships & Museum4.67.2 mi
- Boston Common4.76.5 mi
- Franklin Park Zoo4.48.8 mi
- Public Garden4.86.4 mi
- Charles River Esplanade4.86 mi
- Arnold Arboretum of Harvard University4.88.2 mi
- Community Boating, Inc.4.66 mi
- MIT Sailing Pavilion4.95.6 mi
- Atlantic Wharf4.67.1 mi
- Constitution Marina4.66 mi
- Charlestown Marina4.86.3 mi
- Robert T. Lynch Municipal Golf Course3.97.8 mi
- George Wright4.510.7 mi
- Newton Commonwealth Golf Course45.5 mi
- William J. Devine Golf Course at Franklin Park4.29.1 mi
- Sandy Burr Country Club4.311.5 mi
- Encore Boston Harbor4.34.7 mi
- Burlington Mall4.45.1 mi
- Prudential Center Boston4.56.3 mi
- Quincy Market4.56.7 mi
- Faneuil Hall Marketplace4.56.7 mi
- Boston Logan International Airport4.18.4 mi
- Park Shuttle & Fly4.57.4 mi
- The Lounge3.48 mi
- DaCoopas Pizza4.17.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A popular multi-use rail trail that runs through the heart of Arlington.
A significant local water body offering fishing, boating, and park space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.