According to statistics, the population in Boston, MA amounts to 695,926, which shows growth 2% compared to the previous year. The median age of the city’s residents is 32. The average household income is $71,834, shifting growth 8% from the past year, and the average property value in Boston, MA growth 6% to $575,200 throughout the year.
|Number Of Employees||382,784|
|Median Property Value||$575,200|
The average household income in Boston, MA grew from $66,758 to $71,834 in the past year. This data is an estimate based upon 274,674 households in Boston, MA . The chart below presents how household income is distributed in Boston, MA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Boston, MA shifted from $540,600 to $575,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Boston, MA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Boston, MA properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Boston, MA compared to median property taxes around the country. The prevalent amount of property taxes in Boston, MA equals $3000, which is less than the national average.
|Apr||vs Last Month|
|4+ bed apartments||$2,157,472||-14.3%|
During April 2023, the average price for an apartment in/near Boston, MA decreased by 15.8% to $1,422,918.
Knowing the current property prices is key if you plan to buy a studio in Boston, MA. The average price for a studio has decreased since the last month, currently being $795,536. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 13.7% to $693,865. Asking price for 2-bed apartment also decreased by 17.1% and a place of this size will now cost you $1,171,749. A 3-bed apartment goes for $1,694,611, it decreased by 24% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 14.3% and made it down to $2,157,472.
|Apr||vs Last Month|
|Houses for sale||$1,544,322||-14.5%|
|Condos for sale||$1,380,003||-15.9%|
Price reports demonstrate that house price decreased by 14.5% this month making it up to $1,544,322. Condos faced an upward trend these days. The median price for a condo decreased by 15.9%, it’s now available for $1,380,003.