Boston apartments

https://jordanriverinvestment.com/medford-ma-average-property-noi/ Based on the most recent MLS data, Medford real estate may be one of the best opportunities for property investors in the Boston area. Both rental and sales demand have increased in Medford over the past 5 years as housing costs have soared all over the metro area. Given its close proximity to Boston and easy access to Downtown, it has been one of the suburbs that thrived throughout the pandemic. Now average rent prices for apartments in Medford are on the rise as are real estate prices, but it remains among the more affordable real estate markets in metro Boston. In some cases, it’s even more expensive monthly to rent an apartment in Medford than it is to buy a home. Medford’s median single family home price ($756K) and the median condo price ($620K) are still below Boston’s median ($784K and $698K respectively) , and have been rapidly increasing in recent years.

https://agreatertown.com/medford_ma/medford_ma_home_sales_market_report_000718167680 The real estate market in Medford MA has undoubtedly benefited from the the rapidly ascending Greater Boston housing market. Once a quiet and affordable suburb just north of Boston, real estate prices in Medford have soared in recent years thanks to its close proximity to inner Boston and exorbitant real estate prices in the city’s core areas. As a result, the median sales price for single family homes for sale in Medford MA is $756K over the past 12 months, up from around $400K in 2012. In spite of its growth, Medford’s median sales price ranks it in the bottom third of all Boston neighborhoods. At $756K, Medford is the 8th most affordable neighborhood to buy a single family home in Metro Boston, with median prices similar to that of Roslindale ($731K), Lower Allston ($754K), West Roxbury ($762K), and Fort Hill ($777K). If the city of Boston is taken out of the rankings, Medford is the second most a...