Check out how much Boston renters paid earlier in 2015! According to this graphic, courtsey
Rent at Record High After September Increases
U.S. multifamily rents are now at a record high and still climbing rapidly. In August the average nationwide rent rose to $1,162, a 6.5 percent increase year over year. This percentage mirrored that of July when the average U.S. apartment rent rose to $1,155. And that’s not all: rents have been [...]
Porter Square's Rand to Feed Condo-Starved Cambridge 20 Units
A perennial for-sale crunch in the People's Republic fuels a climate of bidding wars and over-asks harsh even by Greater Boston standards.
Prices are expected to start at $600,000, and pre-sales should start soon.
Walkability was a particularly desirable quality in Boston real estate compared to the 13 other metro regions tracked in the study. On average, a one point walk score increase translated to a $3,250 price bump. That’s 700 dollars less than in Boston.
Condo prices all across Boston are skyrocketing as the spring market kicks off. Urban areas, from upscale to affordable, are leading the charge.
Somerville, Jamaica Plain and increasingly upscale Charlestown saw some of the biggest increases as did Brighton, Medford and West Roxbury.
And it’s not just rent prices that are on the rise. Sales are up by double digits in the same areas as well. The median condo price in Massachusetts went up 10% in March, clocking in at $320,000 which is more than the median price of a single-family home ($315,000).
From Boston’s Financial District to the suburbs, housing prices in Massachusetts have been rising everywhere. Jamaica Plain was known to be an affordable area but the housing market in the neighborhood has experienced a significant increase in prices over the past few decades.
Rent prices have dropped significantly in the most expensive U.S. cities, such as: San Francisco, New York, and Boston.