The housing market in Boston, MA is flourishing compared to the rest of the United States. The median value of a house in Boston is $656,500, which is nearly double the median value of a house in the United States ($338,100). Additionally, while the US has seen an average 1 year house appreciation of 8.27%, home prices in Boston have increased by 5.88%. These numbers indicate that Boston's housing market is one of the strongest and most promising markets in the nation.
The median home cost in Boston is $656,500. Home appreciation the last 10 years has been 103.4%. Home Appreciation in Boston is up 10.7%.
Average Age of Homes
- The median age of Boston real estate is 78 years old
The Rental Market in Boston
- Renters make up 60.4% of the Boston population
- 2.5% of houses and apartments in Boston, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.