Given the seemingly ceaseless astronomical cost of housing in Boston—homes for no more than $200,000 are far and few between, even regionally, for instance—perhaps it’s just time to buy a plot of land?
That’s the question a recent analysis from real estate research site NeighborhoodX seeks to answer.
"The starting question for our analysis is whether it might be possible for someone to camp or park an Airstream trailer on land in the city for less than the cost of buying a smaller apartment," NeighborhoodX research director Constantine Valhouli said over email.
Turns out there were seven parcels of land for sale, including one in Quincy, as of November 4 that ranged in price from $25,000 to $260,000.
They ranged in size from 1,142 to 6,160 square feet.
See interactive chart below for more info. (And none of this is to make light of the fact that Boston’s notoriously expensive housing really does drive people to live outside.)
Again to Valhouli: “These prices range from $10/sq.ft. (for Savannah Ave. in Mattapan) to $61/sq.ft. (in 43 Georgia St. in Roxbury). However, this only reflects the existing space, but not the potential buildable square footage; and the land value is determined by zoning."
- Under $200,000 in the Boston area—it is possible [Curbed Boston]