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  5. /Dorchester, Boston, MA - 02124

Dorchester, Boston, MA—02124

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$698,000
0.1% YoY Growth
Household Income
$79,200
48.9% YoY Growth
Days on Market
31
19.0% Longer YoY
Home Price Forecast
0.8%
Median Rent
$2,950
2.0% YoY Growth
1-Bed Rent
$2,580
3.5% YoY Growth
2-Bed Rent
$2,800
1.0% YoY Growth
3-Bed Rent
$3,200
1.8% YoY Growth

Other Zip Codes in Dorchester, Boston, MA

021210212202125
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Dorchester, Boston, MA

As of May '26, the median home price in Dorchester, Boston, MA is $698,000, with a year-over-year change of 0.1%. This indicates that home prices in Dorchester, 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 TypeMedian Home ValueYoY % Change
All Homes
$698,0000.1%
Single Family $794,000-0.3%
Condos $546,000-0.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $452,000
    -2.0%
    2 Bed
    		$549,000-0.9%
    3 Bed
    		$668,000-0.6%
    4 Bed
    		$807,0000.1%
    5 Bed $912,7391.0%
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    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    10.9%
    2 Bedrooms
    28.8%
    3 Bedrooms
    39.4%
    4 Bedrooms
    13.3%
    5+ Bedrooms
    6.2%

    Rental Trends — Dorchester, Boston, MA

    As of July '25, Rentcast reports the average rent in Dorchester, Boston, MA is $2,970, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in Dorchester, Boston, MA is studios: $2,280, 1-bedrooms: $2,370, 2-bedrooms: $2,890, 3-bedrooms: $3,250, 4-bedrooms: $3,240. The most common rental property sizes in Dorchester, Boston, MA are 3-bedroom and 2-bedroom, accounting for 38.8% and 32.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,950$2,970
    Studio Rent $2,250$2,280
    1 Bed Rent $2,580$2,370
    2 Bed Rent $2,800$2,890
    3 Bed Rent $3,200$3,250
    4 Bed Rent $3,500$3,240
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    % of Rental Stock

    Studio
    2.3%
    1 Bedroom
    16.3%
    2 Bedrooms
    32.6%
    3 Bedrooms
    38.8%
    4 Bedrooms
    8.4%
    5+ Bedrooms
    1.6%

    Property Listings — Dorchester, Boston, MA

    As of May '26, Realtor.com reports that the median days on market for a home in Dorchester, Boston, MA is 31. This is a increase of 19.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$600,000-5.0%
    Listing Count
    		8137.0%
    Listings as % of Homes0.1%37.0%
    Days on Market
    		3119.0%
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    Demographics — Dorchester, Boston, MA

    As of the latest ACS Survey released in 2023, Dorchester, Boston, MA has a population of 55,900, which has remained stable by 0.1% over the past 5 years. Dorchester, Boston, MA is a moderately popular place for families, as children make up 22.6% of the population. The area has a moderately educated workforce, with 31.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		55,9000.1%
    % Under 18
    		22.6%-5.0%
    % Seniors
    		13.2%3.9%
    % WFH
    		13.5%513.6%
    % w/ College Degree
    		31.1%19.6%
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    As of the latest ACS Survey released in 2023, Dorchester, Boston, MA is a predominantly black area, with 50.0% of the population identifying as black. The black population has shrunk by 19.4% in the last 5 years. The second most common race or ethnicity in Dorchester, Boston, MA is white, making up 17.7% of the population. Foreign-born residents account for 30.9% of the population in Dorchester, Boston, MA, and this percentage has increased by 2.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		17.7%6.0%
    % Black
    		50.0%-19.4%
    % Hispanic
    		17.6%0.6%
    % Asian
    		7.8%23.8%
    % Foreign Born
    		30.9%2.3%
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    Mortgage and Risk — Dorchester, Boston, MA

    According to HUD data as of 2023, there were 410 mortgage originations in Dorchester, Boston, MA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Dorchester, Boston, MA. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		410
    % Conventional Loans
    		89.0%
    % Government Loans
    		11.0%
    % Investor Loans
    		5.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		9.0%
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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 31.4%. 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
    		4,465
    Total Units Section 8
    		3,594
    % Rentals under Section 8
    		31.4%
    % Occupied Section 8
    		96.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$440$2,580$2,140
    2 Bedroom-$250$2,800$2,550
    3 Bedroom-$120$3,200$3,080
    4 Bedroom-$110$3,500$3,390

    Affordability — Dorchester, Boston, MA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio8.1
    Median Home Price$698,000
    Median Household Income$79,200

    Dorchester, Boston, MA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions