Dorchester, Boston, MA02121

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$632,000
0.4% YoY Growth
Median Household Income
$38,600
25.6% 5-Year Growth
Days on Market
40
1.0% Shorter than last year
Home Price Forecast
0.6%
Median Rent
$3,300
5.7% YoY Growth
1-Bed Rent
$2,150
5.2% YoY Growth
2-Bed Rent
$2,700
5.3% YoY Growth
3-Bed Rent
$3,400
0.6% YoY Growth

Other Zip Codes in Dorchester, Boston, MA

Property Listings — Dorchester, Boston, MA

As of Oct '25, Realtor.com reports that the median days on market for a home in Dorchester, Boston, MA is 40. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$650,00020.0%
Listing Count
1693.0%
Listings as % of Homes0.1%93.0%
Days on Market
40-1.0%
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Demographics — Dorchester, Boston, MA

As of the latest ACS Survey released in 2023, Dorchester, Boston, MA has a population of 28,300, which has decreased by -5.4% over the past 5 years. Dorchester, Boston, MA is a popular place for families, as children make up 27.1% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.

MetricLatest CensusYoY % Change
Population
28,300-5.4%
% Under 18
27.1%0.7%
% Seniors
12.4%4.2%
% WFH
5.8%286.7%
% w/ College Degree
20.5%20.6%
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As of the latest ACS Survey released in 2023, Dorchester, Boston, MA is a predominantly black area, with 48.0% of the population identifying as black. The black population has shrunk by 29.0% in the last 5 years. The second most common race or ethnicity in Dorchester, Boston, MA is hispanic, making up 38.0% of the population. Foreign-born residents account for 37.9% of the population in Dorchester, Boston, MA, and this percentage has increased by 16.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
7.1%144.8%
% Black
48.0%-29.0%
% Hispanic
38.0%21.0%
% Asian
1.4%180.0%
% Foreign Born
37.9%16.6%
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Mortgage and Risk — Dorchester, Boston, MA

According to HUD data as of 2023, there were 101 mortgage originations in Dorchester, Boston, MA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Dorchester, Boston, MA. Investor activity is low, as 10.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
101
% Conventional Loans
89.0%
% Government Loans
11.0%
% Investor Loans
10.0%
% Second Loans
0.0%
% Cash Out Refinance
11.0%

Loan Activity

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Rentals and Section 8 — Dorchester, Boston, MA

As of 2024, the percent of homes in Dorchester, Boston, MA under the Section 8 program is 55.1%. 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 Dorchester, 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
4,498
Total Units Section 8
4,334
% Rentals under Section 8
55.1%
% Occupied Section 8
93.7%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom-$10$2,150$2,140
2 Bedroom-$150$2,700$2,550
3 Bedroom-$320$3,400$3,080
4 Bedroom-$310$3,700$3,390

Affordability — Dorchester, Boston, MA

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio15.6
Median Home Price$632,000
Median Household Income$38,600

Dorchester, Boston, MA — ZIP Code Boundary Map

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Frequently Asked Questions