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See how the average property value in Jamaica Plain stacks up against other sections of the city.
When you cross the sky bridge that stretches over the intersection between Huntington Avenue and Ring Road on your way into the Prudential Center, you’re crossing into the city’s priciest zip code.
The Pru itself was assessed at $303 million, according to the city's most recent valuation, but the tiny area—just a single block bounded by Huntington Avenue on the south and Boylston Street on the north—contains a total of 37 properties that have been assessed at $425 million.
For anyone familiar with Boston’s real estate market, you shouldn’t be surprised by those extravagant numbers—just look at the glitzy businesses that make their homes in those gleaming towers—but how do they compare to the price of the average property in other neighborhoods?
For purposes of these comparisons, we'll leave the Pru itself out of our calculations. Excluding the Pru, the average address in the 02199 zip code is worth $3.5 million.
In Jamaica Plain, one of those 02199 addresses is assessed at the worth of eight properties, respectively.
In Charlestown, the price of just one of those comparatively inexpensive addresses could buy you almost six properties. The tower itself? That would fetch you about 500 properties—more, if you limit yourself to regular residential and commercial space.
Even in the nearby glitz of Beacon Hill, you could trade one Pru address for two with 02108 zip codes.
In total, the city contains 38 zip codes. On an average price-per-property basis, 02199 tops them all. Does that make you feel better about what you paid for your patch of land?
How does JP stack up?
|
ZIP |
Average Property Value |
|
02199 |
$11,497,326 |
|
02210 |
$4,073,085 |
|
02110 |
$4,046,056 |
|
02109 |
$2,144,787 |
|
02115 |
$2,122,758 |
|
02111 |
$2,092,558 |
|
02108 |
$1,834,630 |
|
02114 |
$1,630,477 |
|
02116 |
$1,609,095 |
|
02215 |
$1,511,922 |
|
02445 |
$875,661 |
|
02118 |
$817,931 |
|
02120 |
$808,115 |
|
02129 |
$605,652 |
|
02134 |
$598,734 |
|
02135 |
$550,709 |
|
02113 |
$532,741 |
|
02090 |
$492,500 |
|
02127 |
$463,793 |
|
02128 |
$460,031 |
|
02130 |
$431,526 |
|
02446 |
$391,264 |
|
02125 |
$390,057 |
|
02132 |
$379,767 |
|
02124 |
$349,097 |
|
02467 |
$336,207 |
|
02131 |
$332,351 |
|
02136 |
$321,891 |
|
02137 |
$320,950 |
|
02122 |
$304,854 |
|
02121 |
$300,670 |
|
02126 |
$271,978 |
|
02201 |
$217,000 |
Data taken from the City of Boston's financial year 2012 assessment.
Tim Marshall
8:05 am on Tuesday, June 12, 2012
Who chose to list only the zip code numbers and not the neighborhood? This is silly.
patty
8:18 am on Tuesday, June 12, 2012
Don't you ever check your articles before you print them?
02467-Chestnut Hill
02445-Brookline
02446-Brookline
02090-Westwood
Unless they have magically moved NONE of these are in Boston and you did not include 02119 which is Roxbury. Is it asking too much for your article writers to use some accuracy?
Matt M. Casey
9:12 am on Tuesday, June 12, 2012
@Tim,
We listed only zip codes because that's how the city tracks the data. The file contained more than 160,000 records, and, as you know, Boston's neighborhood borders don't always mirror that of zipcode borders. So, instead of trying to parse out each of those addresses, we just used the zip codes and trusted you to know where you live.
@Patty,
Those zipcodes exist at least partially in Boston. Zillow.com, for example, lists several Mission Hill addresses with 02445 zip codes.
Rik A.
4:49 pm on Thursday, June 14, 2012
I took a look at 02201, thinking there may be some good real estate values there where I could afford a condo. Google shows this zip code as a 2-block area downtown that includes the One Boston Place office tower, a parking garage, and a bunch or retail shops. It doesn't look like there's a single unit of housing there. I'm wondering how a block with an office tower can get such a low average value.
Regardless, this analysis would be more useful if it were based on residential values rather than office and retail values... maybe then it might make some sense.