Boston-Cambridge-Newton Metro Area, MA Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Boston-Cambridge-Newton, Massachusetts	United States
	2,017,320.0	139,647,020.0
	59	42
	$608,000	$338,100
	12.5%	16.6%
	47.6%	57.0%
	93.2%	101.1%
	$11.98	$10.98
	$6,076	$2,690
	57.8%	57.4%
	6.1%	11.2%
	36.1%	31.4%
Vacant Housing
	1.2%	1.9%
	0.4%	0.4%
	0.4%	0.7%
	0.5%	0.4%
	1.6%	3.6%
	1.9%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	0.5%	2.4%
	0.5%	2.8%
	0.4%	3.9%
	0.3%	4.5%
	1.2%	11.3%
	2.4%	13.0%
	10.6%	20.1%
	18.0%	13.6%
	17.3%	8.3%
	27.7%	9.7%
	10.8%	3.9%
	5.5%	2.2%
	1.8%	0.8%
	2.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	7.5%	13.6%
	7.5%	13.6%
	7.4%	13.6%
	10.4%	13.2%
	10.8%	14.8%
	7.4%	13.6%
	10.7%	10.0%
	5.0%	4.7%
	32.2%	12.2%

Reviews for Boston-Cambridge-Newton

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alanna ·

love to love you, boston

Over 1 years ago

lived in the boston suburbs since i was 6 and loved every bit of it! such a cultured and educated More

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mikey · Cambridge, MA

If want gray weather come to Boston

Over 3 years ago

Boston blows. I have lived here for 50 years. Super depressing the majority of the time if you like decent weather. Storms tend to stick around for days. Weather is More

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Janet · Cheshire, MA

Lots of work in an unhappy place

Over 3 years ago

I grew up in a big city in TX; have lived in IA, MO, spent chunks of time in MT, OR, WA, CA, and road-tripped all over the US. I moved to MA ~20 years ago for work, and More