South Boston, Boston, MA—02127
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Boston, Boston, MA
As of Oct '25, the median home price in South Boston, Boston, MA is $855,000, with a year-over-year change of -0.4%. This indicates that home prices in South Boston, Boston, MA are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $855,000 | -0.4% |
| Single Family | $1,037,000 | 0.4% |
| Condos | $815,000 | -0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $573,000 | -0.9% |
2 Bed | $840,000 | -0.2% |
3 Bed | $1,100,000 | 1.6% |
4 Bed | $1,240,000 | 3.2% |
| 5 Bed | $1,428,000 | 4.9% |
% of Housing Stock
Rental Trends — South Boston, Boston, MA
As of July '25, Rentcast reports the average rent in South Boston, Boston, MA is $4,060, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in South Boston, Boston, MA is studios: $2,510, 1-bedrooms: $2,920, 2-bedrooms: $3,960, 3-bedrooms: $4,900, 4-bedrooms: $5,550. The most common rental property sizes in South Boston, Boston, MA are 2-bedroom and 1-bedroom, accounting for 40.4% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,950 | $4,060 |
| Studio Rent | $2,400 | $2,510 |
| 1 Bed Rent | $2,900 | $2,920 |
| 2 Bed Rent | $3,950 | $3,960 |
| 3 Bed Rent | $4,800 | $4,900 |
| 4 Bed Rent | $5,600 | $5,550 |
% of Rental Stock
Property Listings — South Boston, Boston, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in South Boston, Boston, MA is 33. This is a decrease of -12.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,080,000 | -3.0% |
Listing Count | 158 | 9.0% |
| Listings as % of Homes | 0.3% | 9.0% |
Days on Market | 33 | -12.0% |
Demographics — South Boston, Boston, MA
As of the latest ACS Survey released in 2023, South Boston, Boston, MA has a population of 36,600, which has remained stable by -0.7% over the past 5 years. South Boston, Boston, MA is a less popular place for families, as children make up 10.0% of the population. The area has a highly educated workforce, with 68.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,600 | -0.7% |
% Under 18 | 10.0% | -24.2% |
% Seniors | 9.8% | 14.0% |
% WFH | 26.6% | 1,056.5% |
% w/ College Degree | 68.7% | 8.7% |
As of the latest ACS Survey released in 2023, South Boston, Boston, MA is a predominantly white area, with 77.5% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in South Boston, Boston, MA is hispanic, making up 10.0% of the population. Foreign-born residents account for 12.5% of the population in South Boston, Boston, MA, and this percentage has increased by 5.0% 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 | 77.5% | 0.4% |
% Black | 3.7% | -48.6% |
% Hispanic | 10.0% | -3.8% |
% Asian | 6.8% | 47.8% |
% Foreign Born | 12.5% | 5.0% |
Mortgage and Risk — South Boston, Boston, MA
According to HUD data as of 2023, there were 499 mortgage originations in South Boston, Boston, MA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in South Boston, Boston, MA. Investor activity is low, as 7.0% 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 | 499 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 7.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — South Boston, Boston, MA
As of 2024, the percent of homes in South Boston, Boston, MA under the Section 8 program is 6.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In South Boston, 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 | 2,062 |
Total Units Section 8 | 578 |
% Rentals under Section 8 | 6.0% |
% Occupied Section 8 | 97.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $2,900 | $2,860 |
| 2 Bedroom | -$560 | $3,950 | $3,390 |
| 3 Bedroom | -$720 | $4,800 | $4,080 |
| 4 Bedroom | -$1,110 | $5,600 | $4,490 |
Affordability — South Boston, Boston, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $855,000 |
| Median Household Income | $156,000 |