Community Corner
How Many JP Residents Own their Homes?
JP has one of the highest home ownership rates in the city.
Here’s an unexpected rule of thumb: the more likely a tourist is to visit a Boston neighborhood, the less likely the residents of that neighborhood are to own their own homes.
According to the city’s 2012 assessment data, Jamaica Plain's 02130 zip code has the sixth-highest home ownership rate in the city. In fact, the five neighborhoods ahead of JP on the list—West Roxbury, Roslindale, Hyde Park, Mattapan and the portion of Boston near Boston College—all cluster toward the city’s southwestern border, where convention-goers and out-of-towners infrequently visit.
The city’s neighborhoods with the lowest rate of owner-occupancy? They’re a bit scattered, but you’ve probably visited at least one of them within the last year: Kenmore/Fenway, Allston, the Downtown waterfront, the North End and Mission Hill.
Find out what's happening in Jamaica Plainwith free, real-time updates from Patch.
A sign of community stability
So what does this mean? Jennifer Raitt, a housing planner with the Metropolitan Area Planning Council, said owner-occupancy rates have long been seen as a benchmark for community stability, but the burst of the housing bubble has shattered some old assumptions. But, she said, there are a few trends worth noting.
First, Raitt said, planners have recently seen an increase in owner occupancy rates among residents between 55 and 85 years of age—a trend we may see reflected in the data. West Roxbury, an area known for its elderly population, boasts the city’s highest owner-occupancy rate at 73 percent.
Find out what's happening in Jamaica Plainwith free, real-time updates from Patch.
Meanwhile, just a quarter of the people who live in zipcode 02215, better known as the Fenway/Kenmore area flooded with Boston University students, own the place they call home. Or, at least, their apartment.
Overall, Boston resident’s are slightly more likely to own their home (52 percent) than not. While that number lags both the country (about 67 percent) and the state (about 66 percent, according to 2012 census data), it puts the city ahead of other comparable metropolitan areas.
Residents in New York/New Jersey/Long Island, for example, have a slightly lower than 50 percent owner occupancy rate.
Rank
Zipcode
Own Oc. % Rate
1
02132
73.2
2
02136
69.2
3
02131
68.6
4
02126
61.5
5
02467
60.9
6
02130
59.9
7
02129
58.4
8
02124
57.6
9
02122
56.5
10
02118
55.1
11
02127
52.9
*
City Rate
52.4
12
02125
51.8
13
02128
50.7
14
02210
46.7
15
02121
45.4
16
02116
43.6
17
02109
43.6
18
02135
42.8
19
02119
42.7
20
02114
40.7
21
02111
37.8
22
02120
36.4
23
02108
35.5
24
02115
31.8
27
02199
31.3
28
02110
31.2
31
02446
30.8
32
02215
25.5
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