Most popular places to live in Boston

Where are the most popular neighborhoods for home buyers in Boston, an iconic American city filled with real estate that’s as diverse as its vibrant history? The five neighborhoods taking top honors are South Boston, Dorchester Center, South End/Back Bay, Dorchester and Roxbury, according to a new ZipRealty study. In these areas, the housing stock varies from classic 18th century colonial homes, 19th century brick row houses, newly constructed loft-style condos, to nearly everything in between!

The chart below gives you an idea of what you might pay to live in Boston’s most popular zip codes:

Zip Code

Neighborhood

Jan. 2014 Median
Home Sales Price

Jan. 2014 YOY Median Sales Price Change

       

1) 02127

South Boston

$639,000

99%

       

2) 02124

Dorchester Center

$288,000

3%

       

3) 02116

South End, Back Bay

$1.135 million

(-24%)

       

4) 02122

Dorchester

$275,000

20%

       

5) 02119

Roxbury

$221,650

6%

Why Boston?
Boston’s world-class universities and school systems, along with its booming medical and biomedical sectors will continue to attract new residents, and are spurring demand for Greater Boston real estate in the region. “People from all over the world are coming to Boston to study, and many of them stay here after they graduate,” says Joseph Pucillo, Vice President of Brokerage Services for ZipRealty.

Beantown also boasts a commuter- and family-friendly environment, further adding to its appeal among house hunters. According to WalkScore.com, the city of Boston is very walkable and its public schools rank well above average on ZipRealty.com. School Score ratings measure the performance of each school district on a scale of 1 to 10 − with 10 being the highest − based on test-score data and student/teacher ratios.

“Boston’s real estate market was very healthy in 2013, performing well above the rest of the nation,” adds Pucillo. The median home sales price for Boston homes stood at $330,650 in January 2014, a 14% year-over-year increase. That compares to a home sales price of $259,914 in the combined metros tracked by ZipRealty, a 12.5% annual increase.

Home sellers in the Boston area may want to take note as well, considering how much inventory levels have dwindled. Inventory fell 21% annually to 17,104 homes at the end of January, whereas the combined inventory for the 24 metros surveyed by ZipRealty was only down 7% year-over-year during the same time period.

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