Suffolk County, Massachusetts Housing Market
In Suffolk County, Massachusetts, the median home value is $705,800, with a median monthly rent of $2,129. This places Suffolk County at #51 nationally out of 3134 counties by median home value, and #4 within Massachusetts.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $2,721
- Establishments: 33,476
- BLS QCEW, 2025
Housing Supply
- Single-family: 231
- Multi-family: 2,107
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 328,013 (avg $147,352)
- Outflow: 331,487 (avg $150,877)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Suffolk County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 02135 | 340.4 | +15.24% | 2025 |
| 2 | 02128 | 473.3 | +19.30% | 2025 |
| 3 | 02119 | 461.0 | +13.30% | 2025 |
| 4 | 02124 | 385.0 | +10.22% | 2025 |
| 5 | 02130 | 328.7 | +6.94% | 2025 |
| 6 | 02125 | 397.2 | +8.38% | 2025 |
| 7 | 02152 | 284.4 | -1.24% | 2025 |
| 8 | 02151 | 320.2 | +2.01% | 2025 |
| 9 | 02150 | 374.8 | +2.29% | 2025 |
| 10 | 02121 | 433.4 | +28.19% | 2024 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
🔗 Explore Suffolk County on Our Sister Sites
Get the complete picture for Suffolk County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Suffolk County Compares
| Metric | Suffolk County | Massachusetts Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $705,800 | $634,257 | $227,706 |
| Median Gross Rent | $2,129 | $1,615 | $968 |
| Owner Occupancy Rate | 36.5% | 67.2% | 73.3% |
| Price/Rent Ratio | 27.6 | 32.3 | 18.7 |
Market Analysis
The median home value in Suffolk County is 11.3% above the Massachusetts state average and 210.0% above the U.S. national average. The median rent of $2,129/month is 31.8% above the state average.
With a price-to-rent ratio of 27.6, Suffolk County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Suffolk County has an owner-occupancy rate of 36.5%, compared to 67.2% in Massachusetts and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Elbert County | Colorado | $709,800 | $1,311 |
| Douglas County | Colorado | $713,600 | $2,193 |
| Snohomish County | Washington | $696,000 | $1,949 |
| San Miguel County | Colorado | $720,700 | $1,149 |
| Teton County | Idaho | $690,500 | $1,319 |
Other Counties in Massachusetts
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Norfolk County | $683,900 | $2,149 | 68.7% |
| Middlesex County | $727,800 | $2,201 | 61.3% |
| Barnstable County | $629,000 | $1,678 | 81.1% |
| Essex County | $619,100 | $1,756 | 63.5% |
| Plymouth County | $556,000 | $1,747 | 77.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).