Mission Hill, Boston, MA—02120
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mission Hill, Boston, MA
As of Oct '25, the median home price in Mission Hill, Boston, MA is $832,000, with a year-over-year change of 1.0%. This indicates that home prices in Mission Hill, Boston, MA are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $832,000 | 1.0% |
| Single Family | $979,000 | -1.6% |
| Condos | $624,000 | 1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $615,000 | 4.1% |
3 Bed | $729,000 | 3.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mission Hill, Boston, MA
As of July '25, Rentcast reports the average rent in Mission Hill, Boston, MA is $4,550, with a year-over-year rent change of 7.6%. Per bedroom, the median rent as of July '25 in Mission Hill, Boston, MA is studios: $2,800, 1-bedrooms: $3,030, 2-bedrooms: $4,030, 3-bedrooms: $4,830, 4-bedrooms: $5,670. The most common rental property sizes in Mission Hill, Boston, MA are 2-bedroom and 1-bedroom, accounting for 27.5% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,090 | $4,550 |
| Studio Rent | $2,790 | $2,800 |
| 1 Bed Rent | $2,940 | $3,030 |
| 2 Bed Rent | $3,810 | $4,030 |
| 3 Bed Rent | $5,000 | $4,830 |
| 4 Bed Rent | $6,000 | $5,670 |
% of Rental Stock
Property Listings — Mission Hill, Boston, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mission Hill, Boston, MA is 25. This is a decrease of -73.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,150,000 | 5.0% |
Listing Count | 5 | -18.0% |
| Listings as % of Homes | 0.1% | -18.0% |
Days on Market | 25 | -73.0% |
Demographics — Mission Hill, Boston, MA
As of the latest ACS Survey released in 2023, Mission Hill, Boston, MA has a population of 15,200, which has increased by 2.1% over the past 5 years. Mission Hill, Boston, MA is a less popular place for families, as children make up 9.7% of the population. The area has a moderately educated workforce, with 44.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,200 | 2.1% |
% Under 18 | 9.7% | -11.8% |
% Seniors | 7.0% | -2.8% |
% WFH | 11.3% | 276.7% |
% w/ College Degree | 44.2% | 8.1% |
As of the latest ACS Survey released in 2023, Mission Hill, Boston, MA is a predominantly white area, with 35.5% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Mission Hill, Boston, MA is hispanic, making up 21.4% of the population. Foreign-born residents account for 26.8% of the population in Mission Hill, Boston, MA, and this percentage has increased by 8.1% 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 | 35.5% | -2.2% |
% Black | 19.6% | -14.0% |
% Hispanic | 21.4% | -10.5% |
% Asian | 20.4% | 15.3% |
% Foreign Born | 26.8% | 8.1% |
Mortgage and Risk — Mission Hill, Boston, MA
According to HUD data as of 2023, there were 22 mortgage originations in Mission Hill, Boston, MA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Mission Hill, Boston, MA. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 22 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Mission Hill, Boston, MA
As of 2024, the percent of homes in Mission Hill, Boston, MA under the Section 8 program is 38.7%. 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 Mission Hill, 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 | 2,011 |
Total Units Section 8 | 1,550 |
% Rentals under Section 8 | 38.7% |
% Occupied Section 8 | 92.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$580 | $2,940 | $2,360 |
| 2 Bedroom | -$1,010 | $3,810 | $2,800 |
| 3 Bedroom | -$1,630 | $5,000 | $3,370 |
| 4 Bedroom | -$2,290 | $6,000 | $3,710 |
Affordability — Mission Hill, Boston, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 13.4 |
| Median Home Price | $832,000 |
| Median Household Income | $61,500 |