Back Bay, Boston, MA 02116 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Back Bay, Boston, MA—02116

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$1,306,000

0.1% YoY Growth

Household Income

$127,000

20.6% YoY Growth

Days on Market

94

13.0% Longer YoY

Home Price Forecast

0.8%

Median Rent

$3,500

9.0% YoY Growth

1-Bed Rent

$3,500

6.0% YoY Growth

2-Bed Rent

$5,200

2.2% YoY Growth

3-Bed Rent

$6,500

4.2% YoY Growth

Other Zip Codes in Back Bay, Boston, MA

Home Price Trends — Back Bay, Boston, MA

As of Dec '25, the median home price in Back Bay, Boston, MA is $1,306,000, with a year-over-year change of -0.1%. This indicates that home prices in Back Bay, Boston, MA are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$1,306,000	-0.1%
Single Family	$1,705,000	-2.7%
Condos	$1,256,000	0.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Back Bay, Boston, MA

As of July '25, Rentcast reports the average rent in Back Bay, Boston, MA is $3,960, with a year-over-year rent change of -9.0%. Per bedroom, the median rent as of July '25 in Back Bay, Boston, MA is studios: $2,920, 1-bedrooms: $3,710, 2-bedrooms: $5,480, 3-bedrooms: $6,490, 4-bedrooms: $8,650. The most common rental property sizes in Back Bay, Boston, MA are 1-bedroom and 2-bedroom, accounting for 44.9% and 30.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,500	$3,960
Studio Rent	$2,600	$2,920
1 Bed Rent	$3,500	$3,710
2 Bed Rent	$5,200	$5,480
3 Bed Rent	$6,500	$6,490
4 Bed Rent	$8,500	$8,650

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% of Rental Stock

Studio

19.1%

1 Bedroom

44.9%

2 Bedrooms

30.5%

3 Bedrooms

4.7%

4 Bedrooms

0.8%

5+ Bedrooms

0.1%

Property Listings — Back Bay, Boston, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Back Bay, Boston, MA is 68. This is a increase of 7.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$2,360,000	10.0%
Listing Count	84	-12.0%
Listings as % of Homes	0.6%	-12.0%
Days on Market	94	13.0%

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Demographics — Back Bay, Boston, MA

As of the latest ACS Survey released in 2023, Back Bay, Boston, MA has a population of 22,000, which has decreased by -4.7% over the past 5 years. Back Bay, Boston, MA is a less popular place for families, as children make up 7.7% of the population. The area has a highly educated workforce, with 76.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	22,000	-4.7%
% Under 18	7.7%	16.7%
% Seniors	16.6%	-0.6%
% WFH	26.4%	594.7%
% w/ College Degree	76.9%	1.5%

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As of the latest ACS Survey released in 2023, Back Bay, Boston, MA is a predominantly white area, with 65.2% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Back Bay, Boston, MA is asian, making up 15.5% of the population. Foreign-born residents account for 22.1% of the population in Back Bay, Boston, MA, and this percentage has increased by 2.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	65.2%	-5.5%
% Black	5.2%	-11.9%
% Hispanic	8.4%	10.5%
% Asian	15.5%	7.6%
% Foreign Born	22.1%	2.8%

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Mortgage and Risk — Back Bay, Boston, MA

According to HUD data as of 2023, there were 235 mortgage originations in Back Bay, Boston, MA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Back Bay, Boston, MA. Investor activity is low, as 3.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	235
% Conventional Loans	100.0%
% Government Loans	0.0%
% Investor Loans	3.0%
% Second Loans	10.0%
% Cash Out Refinance	4.0%

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Rentals and Section 8 — Back Bay, Boston, MA

As of 2024, the percent of homes in Back Bay, Boston, MA under the Section 8 program is 18.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Back Bay, Boston, MA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	1,656
Total Units Section 8	1,423
% Rentals under Section 8	18.7%
% Occupied Section 8	92.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$0	$3,500	$3,500
2 Bedroom	-$1,050	$5,200	$4,150
3 Bedroom	-$1,500	$6,500	$5,000
4 Bedroom	-$3,000	$8,500	$5,500