There are currently 92,504 real estate properties in Boston, MA, with a median automated valuation model (AVM) price of $717,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Boston, MA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Boston, MA, is $887,287.00, with the most expensive house in Boston, MA, topping out at $43,800,300.00 and the cheapest home in Boston, MA, clocking in at $126,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Boston, MA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Boston, MA, is on a rollercoaster ride. The average rent price in Boston, MA, is $2,583.00. Indeed, when looking to rent in Boston, MA, you can expect to pay as little as $960.00 or as much as $6,340.00, with the average rent median estimated to be $2,470.00. The good news is that finding an affordable and desirable property to rent in Boston, MA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Boston, MA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Boston, MA and much more. Save thousands at closing with home foreclosure listings in Boston, MA — up to 75% off market value!
Boston is located in Suffolk, Massachusetts, with an estimated municipal population of 692,600 residents. All of the best foreclosed homes for sale in Boston are located in the following zip code areas on Foreclosure.com: 02120 02121 02122 02124 02125 02126 02127 02128 02129 02467 02210 02215 02119 02118 02111 02110 02113 02115 02114 02116 02199 02134 02136 02135 02132 02131 02130 02203 02163 02152 02108 02109 02112 02117 02123 02133 02137 02196 02201 02205 02206 02211 02212 02217 02222 02241 02283 02284 02293 02297 02298. The estimated population per square kilometer (.62 miles) in Boston is 5,532.
So, about how much do homes cost in Boston? The most recent median value of resident-owned homes in Boston is 532,498. An estimated 35 percent of households in Boston own their homes, with an average family size of 3.13. The median household income in Boston is 71,115, with37.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Boston, the median commute time of resident workers (in minutes) is 30.9. And last, but certainly not least, are you looking for homes to rent in Boston? If so, the average rent price paid by renters in Boston is 1,620, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Boston, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Boston is 32.2, split between 48 percent male versus 52 female. The percentage of residents who report being married in Boston is 30.3, with an average family size of 3.13.
The percentage of residents who report their race in Boston is as follows:
|Black / African American||25.2%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Boston? Or maybe you are searching for 55+ active adult communities in and/or near Boston?
The percentage of residents who report their age in Boston is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Boston with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Boston.
How do you know that living in -- or moving to -- Boston is right where you need to be? Perhaps you grew up in Boston or already live nearby; therefore, the decision to buy a home in Boston is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Boston for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Boston:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Boston.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Boston can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Boston, meanwhile, can field multiple offers from more qualified buyers.