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Boston rent/price ratio: Pricier neighborhoods vs. more affordable ones

Including Back Bay and Hyde Park

Steven Pisano via Flickr

Real estate research site NeighborhoodX has deep-dived into the relationship of the ratios of prices to rents in some of Boston’s more expensive and more affordable neighborhoods.

“As neighborhoods become more desirable, both rents and purchase prices increase—but purchase prices will rise more than rents in the long term,” NeighborhoodX research director Constantine Valhouli said over email.

For this analysis, the site compared the purchase prices per square foot with the annual rent per square foot, in order to see what the results might say about some of the most affordable and expensive neighborhoods from NeighborhoodX’s recent market study.

At the lower end of the market, properties in Hyde Park and Roslindale are priced at 12 to 14 times their annual rent. At the upper end of the market, Back Bay and Fenway-Kenmore are priced at 30 to 30 times their annual rent. See below for more of a breakdown.

And as noted earlier, Mattapan is a bit of an outlier, according to Valhouli. It appears to have a higher price/rent ratio than it actually does, in part because the neighborhood rents are considerably lower than in surrounding areas.