dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −18.3% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +38.1% YoY, is the number to watch.
The median listing price is down 18.3% YoY while the median home got down 12.0% bigger, so value per square foot is down 3.8%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $1.10M purchase rents for $3,900/mo: 0.35% of price per month against the 1% rule's 1.00%.
Not shown: 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent).
Sales here take about 57 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Townhouse (rented here, not sold).
U.S. Census ACS characteristics for ZIP 02118 itself, not its parent county.
Renters hold 67.5% of this ZIP's 14,497 occupied households, on a median household income of $98K.
| Measure | ZIP 02118 | Suffolk County | Difference |
|---|---|---|---|
| Median Household Income | $98K | $96K | +$3K |
| Below Poverty Level | 23.2% | 16.2% | +7.0% |
| Median Age | 36.90 | 33.90 | +3.00 |
| Total Population | 28,946 | 785,121 | -- |
| Avg Household Size | 1.87 | 2.25 | -0.38 |
| Owner-Occupied | 32.5% | 36.5% | -4.0% |
| Worked From Home | 23.4% | 19.9% | +3.5% |
| Mean Commute | 26.50 | 30.90 | -4.40 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.4% to 785,121: residents under 18 are down 0.5% and those 65 and over are up 2.7%.
County median household income is $96K, 16.2% of residents are below the poverty level, 19.9% work from home.