Reviews & Comments
Boston, MA
Housing Prices in Boston & Beyond -
9/23/2009Boston is a small city, surrounded by smaller cities and townes that are up to 40 miles away. The resession has lower the housing costs in many of the cities and town by as much as 15-20%.
New homes are still being built in the $500k to over $1 MIL cost. Most homes in this price range are in some of the "exclusive suburbs", such as Wesley, Concord and other. The housing sizes for that kind of money start at about 2500 sq.ft, and go up.
MA towns rely on the homes property taxes to survive. There are no "county" taxes, but each town sets it's own tax rate, which can differ for commerical property vs. private residents.
I live ~40 miles west of Boston, in a 1800 sq.ft 2 story colonial home, public water & sewer, in a town of ~ 5,000 people. Volunteer Fire Dept, full time police. 3 out of 4 schools are new and shared with the neighboring school. The house is currently assessed for ~ $350,000, and taxes are $4,300 / year.