3-digit ZIP regional index
Home appreciation in ZIP codes 021xxBoston, MA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 021 changed +3.2% over the year to Q2 2026, compared with +3.2% for Massachusetts and +3.0% for the United States.
The region covers ZIP codes 02108–02199. Most of its 2010 population lived in Suffolk County (54%), Middlesex County (30%), Norfolk County (16%). Communities in the region include Cambridge, Quincy, Somerville, Malden, Medford. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.2%
- 5-year change
- +34.4%
- Since Q1 1995
- +492%
- National rank (1 year)
- 507th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 021 vs Massachusetts and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 021: 591.8
- Massachusetts: 471.6
- Boston, MA metro: 502.1
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 021 | MA | U.S. | Gap vs MA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.2% | +3.2% | +3.0% | +0.0 pts | +0.2 pts |
| 3 years | +13.8% | +16.1% | +12.9% | −2.3 pts | +0.9 pts |
| 5 years | +34.4% | +41.9% | +41.3% | −7.5 pts | −6.9 pts |
| 10 years | +86.8% | +91.9% | +93.3% | −5.0 pts | −6.5 pts |
| Since Q1 1995 | +492% | +372% | +292% | +120.2 pts | +200.3 pts |
If you bought in ZIP3 021 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +473% | $1,718,712 |
| Q2 2000 | +258% | $1,073,611 |
| Q2 2005 | +109% | $626,298 |
| Q2 2010 | +140% | $719,118 |
| Q2 2015 | +101% | $601,922 |
| Q2 2020 | +47.0% | $440,991 |
| Q2 2021 | +34.4% | $403,076 |
| Q2 2023 | +13.8% | $341,304 |
| Q2 2025 | +3.2% | $309,616 |
How ZIP3 021 ranks
Over the past year ZIP3 021 ranks 507th of 882 3-digit ZIP regions nationally and 12th of 18 in Massachusetts. Its one-year change is +0.2 pts versus the nation and +0.0 pts versus Massachusetts. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Massachusetts |
|---|---|---|
| 1 year | 507th of 882 | 12th of 18 |
| 3 years | 544th of 882 | 17th of 18 |
| 5 years | 732nd of 882 | 17th of 18 |
| 10 years | 509th of 882 | 14th of 18 |
| Since Q1 1995 | 21st of 879 | 2nd of 18 |
Boom, bust, and recovery in ZIP3 021
ZIP3 021's index peaked in Q4 2005, fell 15.4% to its low in Q2 2011, and regained its peak in Q4 2014, about 9 years after the top. Today it sits +105% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| ZIP3 021 | Q4 2005 | Q2 2011 | -15.4% | Q4 2014 (9 yrs) | +105% |
| MA | Q1 2006 | Q2 2012 | -17.6% | Q2 2017 (11.2 yrs) | +84.2% |
| Metro | Q1 2006 | Q2 2011 | -17.9% | Q4 2016 (10.8 yrs) | +84.2% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 021's index has changed +167% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 021 after inflation | MA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.6% | -0.7% | -0.6% | -0.8% |
| 3 years | +9.8% | +3.6% | +5.7% | +5.4% | +2.8% |
| 5 years | +24.0% | +8.3% | +14.4% | +12.7% | +13.9% |
| 10 years | +39.1% | +34.3% | +38.0% | +35.3% | +39.0% |
| Since Q1 1995 | +121% | +167% | +113% | +127% | +76.8% |
Estimate appreciation for a home in ZIP3 021
Regional estimate
$560,515
- Estimated gain
- $260,515
- Index change
- +86.84%
- Start index
- 316.75
- End index
- 591.81
ZIP3 021 (Boston, MA area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 022 · Boston, MA area | MA | +3.2% | +39.7% | +402% |
| 024 · Newton, MA area | MA | +3.5% | +32.2% | +395% |
| 020 · Franklin Town, MA area | MA | +3.1% | +41.1% | +356% |
| 019 · Lynn, MA area | MA | +3.6% | +39.5% | +385% |
| 017 · Marlborough, MA area | MA | +2.0% | +40.7% | +325% |
| 018 · Lowell, MA area | MA | +2.7% | +40.8% | +383% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 591.81 |
| Q1 2026 | 585.84 |
| Q4 2025 | 580.06 |
| Q3 2025 | 574.81 |
| Q2 2025 | 573.43 |
| Q1 2025 | 560.31 |
| Q4 2024 | 556.33 |
| Q3 2024 | 555.00 |
| Q2 2024 | 542.87 |
| Q1 2024 | 527.86 |
| Q4 2023 | 525.82 |
| Q3 2023 | 520.85 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 021?
- Based on FHFA HPI® data for 3-digit ZIP region 021, the regional index changed +3.2% over the year to Q2 2026, +34.4% over five years, +86.8% over ten years, and +492% since Q1 1995.
- Is ZIP3 021 appreciating faster than Massachusetts and the U.S.?
- Over the past year the region's index +3.2% compares with +3.2% for Massachusetts and +3.0% for the U.S., a gap of +0.2 pts versus the nation. Over five years the gap versus the nation is −6.9 pts.
- Which ZIP codes are in 3-digit ZIP region 021?
- All ZIP codes that begin with 021. Census 2010 ZIP Code Tabulation Areas in this region run from 02108 to 02199 (52 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.