The housing market in the Boston-Cambridge-Newton, MA Metro Area is thriving, with a median value of $608,000 which is well above the national average of $338,100. Over the past year, the appreciation rate for houses in this area was 10.15%, much higher than the national average of 8.27%. This indicates that this area has experienced strong growth and demand for housing over the last year. With such high values and healthy appreciation rates, it's no surprise that many people are choosing to invest in real estate in this metropolitan area.
The median home cost in Boston-Cambridge-Newton Metro Area is $608,000. Home appreciation the last 10 years has been 93.2%. Home Appreciation in Boston-Cambridge-Newton Metro Area is up 12.5%.
Average Age of Homes
- The median age of Boston-Cambridge-Newton Metro Area real estate is 57 years old
The Rental Market in Boston-Cambridge-Newton Metro Area
- Renters make up 35.9% of the Boston-Cambridge-Newton Metro Area population
- 1.2% of houses and apartments in Boston-Cambridge-Newton Metro Area, 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.