02116, Boston, MA

Boston, MA is a city known for its historical significance and its many colleges and universities. It is also home to the largest population of African Americans in the United States. The city has seen a lot of growth in recent years, with new businesses and homes popping up all around. This growth has led to an increase in home prices and home equity in the Boston area.

According to Zillow, the median home value in Boston was $527,200 as of September 2017. This represents an increase of 7% from the previous year and a 13% increase from September 2016. The average sale price for homes in Boston during this time period was $569,000. These numbers show that there is a lot of demand for housing in Boston, which is likely due to the city's growing economy and population.

As far as home equity goes, Zillow reports that as of September 2017, homeownership rates were at 69%. This number has been slowly increasing over time, but it still remains below where it was prior to the recession (around 80%). There are many reasons why homeownership rates are lower now than they were before the recession: more people are buying homes outright instead of taking out mortgages (due to low interest rates), more people are using HELOCs (home equity lines of credit) instead of borrowing against their homes' value (due to low interest rates), etc. However, even with these changes there are still plenty of people who own their homes outright or have enough equity built up on their properties that they can use it as collateral if they need to borrow money elsewhere.

Overall, it seems that both home prices and home equity have continued to rise in Boston over recent years thanks largely to increased demand from buyers and lenders alike. While there may be some fluctuations due to economic conditions or other factors outside of anyone's control (e.g., interest rates), overall things seem headed upwards for both housing values and homeownership rates in Boston going forward