United States · North America · Population: 680,000
Boston is moderately affordable compared to major global cities, with steady growth in property values. The city has one of the most expensive rental markets. At $700,000 average home price in United States, buyers should consider the 8.8x price-to-income ratio when planning a purchase.
| Average Home Price | $700,000 |
| Price per sqm | $9,200 |
| Price-to-Income Ratio | 8.8x |
| Mortgage Rate | 6.8% |
| 1-Year Price Change | +1.8% |
| 1-Bedroom Apartment | $2,800/mo |
| 3-Bedroom Apartment | $4,200/mo |
| Rent-to-Income Ratio | 35% |
| Median Household Income | $80,000/year |
| Years to Buy (at median income) | 8.8 years |
| Local Currency | USD |
With a price-to-income ratio of 8.8x, Boston requires significant savings to purchase property. At a mortgage rate of 6.8%, monthly payments could consume a large share of income. Home prices have increased 1.8% in the past year.
Cities worldwide with home prices closest to Boston
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
Explore the DataPeek Network