diff --git a/.changeset/purple-coats-wonder.md b/.changeset/purple-coats-wonder.md
new file mode 100644
index 000000000..fce24c1f1
--- /dev/null
+++ b/.changeset/purple-coats-wonder.md
@@ -0,0 +1,5 @@
+---
+"modular-scripts": patch
+---
+
+Bump address from 1.2.0 to 1.2.1
diff --git a/packages/modular-scripts/package.json b/packages/modular-scripts/package.json
index 75b17f69f..083acd5e4 100644
--- a/packages/modular-scripts/package.json
+++ b/packages/modular-scripts/package.json
@@ -34,7 +34,7 @@
     "@types/semver-regex": "3.1.0",
     "@types/yarnpkg__lockfile": "^1.1.5",
     "@yarnpkg/lockfile": "^1.1.0",
-    "address": "1.2.0",
+    "address": "1.2.1",
     "babel-jest": "26.6.3",
     "babel-preset-react-app": "10.0.1",
     "browserslist": "4.20.3",
diff --git a/yarn.lock b/yarn.lock
index 39dd0c434..bd96992c4 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -3364,10 +3364,10 @@ acorn@^8.2.4, acorn@^8.4.1, acorn@^8.5.0:
   resolved "https://registry.yarnpkg.com/acorn/-/acorn-8.7.0.tgz#90951fde0f8f09df93549481e5fc141445b791cf"
   integrity sha512-V/LGr1APy+PXIwKebEWrkZPwoeoF+w1jiOBUmuxuiUIaOHtob8Qc9BTrYo7VuI5fR8tqsy+buA2WFooR5olqvQ==
 
-address@1.2.0, address@^1.0.1:
-  version "1.2.0"
-  resolved "https://registry.yarnpkg.com/address/-/address-1.2.0.tgz#d352a62c92fee90f89a693eccd2a8b2139ab02d9"
-  integrity sha512-tNEZYz5G/zYunxFm7sfhAxkXEuLj3K6BKwv6ZURlsF6yiUQ65z0Q2wZW9L5cPUl9ocofGvXOdFYbFHp0+6MOig==
+address@1.2.1, address@^1.0.1:
+  version "1.2.1"
+  resolved "https://registry.yarnpkg.com/address/-/address-1.2.1.tgz#25bb61095b7522d65b357baa11bc05492d4c8acd"
+  integrity sha512-B+6bi5D34+fDYENiH5qOlA0cV2rAGKuWZ9LeyUUehbXy8e0VS9e498yO0Jeeh+iM+6KbfudHTFjXw2MmJD4QRA==
 
 adjust-sourcemap-loader@^4.0.0:
   version "4.0.0"