JeffCroweCRE

Housing market/Massachusetts/ZIP 02114

ACS 2023 · FY2027 SAFMR

ZIP 02114 Boston, Massachusetts

Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area · Massachusetts. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
13,853
Households
7,992
Median HH income
$135,057
Renter share
77.2%
Median gross rent
$2,933
Vacancy
16.1%
Pop. change
+2.5%
2BR SAFMR
$4,380
SAFMR / rent
1.493×
2–49 unit stock
3,925
LIHTC proj / units
5 / 494
HUD assisted MF
10 / 398

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 02114 · MA — sent to you.

ZIP 02114 · MA

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 02114 — Boston, MA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$2,933
2BR SAFMR$4,380
90% floor$3,942
110% ceiling$4,818

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 02114

  • 1-unit detached580.6%
  • 1-unit attached3824.0%
  • 2–4 units9139.6%
  • 5–49 units3,01231.6%
  • 50+ units5,16054.2%
TypeUnitsShare
1-unit detached580.6%
1-unit attached3824.0%
2 units (duplex)1831.9%
3–4 units7307.7%
5–9 units2,05521.6%
10–19 units7257.6%
20–49 units2322.4%
50+ units5,16054.2%
Mobile00.0%

2–4 unit share 9.6% · 5–49 unit share 31.6% · combined 2–49 41.2%.

Units by bedrooms

Studio
1,659
1BR
4,469
2BR
2,656
3BR
611
4BR
26
5+
104

Rent burden

Rent ≥30% of income44.2%
Rent ≥50% of income18.2%
  • ACS median gross rent $2,933 (all bedrooms, occupied rentals).
  • Median contract rent $2,783.
  • Renters paying ≥30% of income 44.2%; ≥50% 18.2%.
  • FY2027 2BR SAFMR $4,380 (1.493× ACS median gross rent).

Population

13,853 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +2.5%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 5 projects, 494 units.
  • HUD project-based assisted MF: 10 properties, 398 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 2,078 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 02114 77.2% of occupied households are renters; vacancy is 16.1%; ACS median gross rent is $2,933; population increased +2.5% between the 2018 and 2023 ACS vintages; the housing stock includes 913 units in 2–4-unit structures and 3,012 units in 5–49-unit structures; 5 LIHTC projects totaling 494 units; FY2027 2BR SAFMR is $4,380 versus ACS median gross rent of $2,933. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Massachusetts research

ZIP 02114 is a Census / HUD profile for Boston-Cambridge-Quincy, MA-NH, MA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 02114 — Boston, MA HUD Section 8 Payment Standards / SAFMR·Massachusetts ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
01464Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area17.7%$1,189$2,65001469Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area15.7%$1,121$2,65001474Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area17.3%$2,368$3,40001701Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area21.8%$1,973$2,82001702Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area65.7%$1,822$2,81001703Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area——$3,05001704Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area——$3,05001718Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area3.7%—$2,66001719Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area22.7%$1,816$2,65001720Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area24.6%$1,908$2,66001721Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area24.5%$2,334$3,34001731Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area100.0%$3,501$4,510

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Massachusetts research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 02114?

ZIP 02114 (Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area) has 13,853 residents, 7,992 households, a renter share of 77.2%, median household income of $135,057, and ACS 2023 median gross rent of $2,933. Vacancy is 16.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 02114?

ACS counts 183 units in 2-unit buildings, 730 in 3–4 unit buildings, 2,055 in 5–9, 725 in 10–19, and 232 in 20–49. Combined 2–49 unit stock is 3,925 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 02114?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $4,380. See the full schedule and 90–110% payment-standard band on the ZIP 02114 — Boston, MA HUD Section 8 Payment Standards / SAFMR.

Does this Massachusetts ZIP profile include Georgia listings?

No. ZIP 02114 is Census / HUD research for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. Jeff Crowe CRE does not list Massachusetts property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.