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Showing posts with the label SouthBostonApartments

Is It More Expensive To Live In Brookline or South Boston?

https://bostonpads.com/blog/boston-housing-market/is-it-more-expensive-to-live-in-brookline-or-south-boston/ Brookline and South Boston are among the most sought after housing markets in the Greater Boston area. Both of these neighborhoods are located close to Boston’s city center and there is a lot of demand for housing. As a result, prices are high- especially when compared to most of Greater Boston. But which is more expensive in terms of housing? According to the most recent data, Brookline is more expensive to buy a house in than South Boston, but South Boston is more expensive than Brookline to rent an apartment in. Let’s take a look at the numbers.

South Boston Average Rent Price Rapidly Approaching $3K

https://cdkeysdirect.com/south-boston-average-rent-price-rapidly-approaching-3k/ Following a year of pandemic related market uncertainty, South Boston’s rental market has turned a corner and has recorded rapid rent price growth since November. Now, the average rent price for apartments in South Boston sits at an all-time high of $2,990 and looks primed to break the $3,000 mark within the next few weeks. Just a year ago, the average rent price in South Boston was down by -4.08% after apartment availability surpassed 4% for the first time in years. Despite the higher than average availability, South Boston never saw the unprecedented supply glut that many of the city’s premium markets endured. Now twelve months later, the most recent rental data for Southie shows that the rent price is up 8.25% year-over-year and continuing to push higher and higher after surpassing its all-time high in February of this year. Prices began to trend back upwards in South Boston in November after apar...

2022 South Boston Apartment Rental Market Report

https://bostonpads.com/blog/boston-rental-market/2022-south-boston-apartment-rental-market-report/ The apartment rental market in South Boston has always been an outlier compared to most of the city’s neighborhoods. While demand for apartments in most of Boston is highly seasonal, demand for South Boston apartments has historically remained high throughout the year with much less cyclical movement. That market trend held true during COVID. When Boston’s apartment availability rate hit an unprecedented 13.43% in March of 2021, South Boston’s availability rate peaked at a relatively low 4.01%. Apartment Availability in South Boston South Boston’s current real-time availability rate (RTAR) is 2.11%. That marks a -31.75% year-over-year change in rental availability in Southie, and a 21.29% decrease from its pre-pandemic level in late April 2019. South Boston’s RTAR peaked at 4.01% in early March 2021. That was the lowest peak RTAR of all neighborhoods in the city during the pandemi...

Rent vs. Buy Analysis South Boston

https://realtybiznews.com/rent-vs-buy-analysis-south-boston/98765911/ South Boston has been one of the hottest housing markets in Metro Boston over the past decade. Southie consistently maintains some of the highest average rent prices and lowest apartment availability in the city, and it’s also one of the most active real estate markets in terms of total residential real estate transactions. So if you’re one of the many people who aspire to call South Boston home, you may be wondering which will cost you more, purchasing a home or renting an apartment. In this article, we will break down the monthly difference in the cost of owning a home vs renting an apartment in South Boston based on the most up-to-date average rent prices and median sales prices.

Rent vs. Buy Analysis South Boston

https://realtybiznews.com/rent-vs-buy-analysis-south-boston/98765911/ South Boston has been one of the hottest housing markets in Metro Boston over the past decade. Southie consistently maintains some of the highest average rent prices and lowest apartment availability in the city, and it’s also one of the most active real estate markets in terms of total residential real estate transactions. So if you’re one of the many people who aspire to call South Boston home, you may be wondering which will cost you more, purchasing a home or renting an apartment. In this article, we will break down the monthly difference in the cost of owning a home vs renting an apartment in South Boston based on the most up-to-date average rent prices and median sales prices.

2021 South Boston Rental Market Report

https://simplybusinesscoaching.com/2021-south-boston-rental-market-report/ Being an iconic neighborhood of Boston that boasts a large population, South Boston has always been one of Boston’s top performing rental markets. Though South Boston was not totally unaffected by the disruptions in the rental market owing to the COVID-19 situation, Southie has emerged from the pandemic even stronger than it was before. Compared to December 2019, availability for South Boston apartments has dropped by -47.97% while vacancies are down -57.35%.