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2022 Mission Hill Apartment Rental Market Report

https://bostonpads.com/blog/boston-rental-market/2022-mission-hill-apartment-rental-market-report/ The apartment rental market in Mission Hill has entered 2022 in a very strong position after 20 months of COVID-induced supply upheaval. Mission Hill was among only five neighborhoods in Boston where the real-time availability rate (RTAR) rose above 20% in 2021. Since then, the RTAR for Mission Hill apartments began 2022 at a historic low of 4.1% and average rent prices have already surpassed their all-time highs set before the pandemic. Mission Hill Apartment Supply Trends Historically, Mission Hill’s rental market has been characterized by high demand coupled with high turnover. Being one of the more reasonably priced rental markets close to local Universities, it is a favorite neighborhood for students seeking affordable off-campus housing. Therefore, it’s not uncommon for apartment availability to peak above 12% during a normal year.

2021 Mission Hill Rental Market Report

https://residentialpropertyshop.com/2021-mission-hill-rental-market-report/ When you make a trip to Mission Hill, you see many triple-decker multi-family homes and brick row houses. The area here is known to have a thriving rental market thanks to its close proximity and easy access to many of Boston’s largest universities. In the last 18 months, since the COVID-19 situation brought with it remote learning, the rental market has gone on a roller coaster ride.