It would be an understatement to say that Boston is inhospitable hunting ground for homebuyers. It’s full of high prices, bidding wars, and all-cash offers. But there are some relative deals out there.
There are some obvious candidates: Back Bay’s Commonwealth Avenue; Shawmut Avenue through the South End and Hanover Street through the North End; Blue Hill Avenue from Dorchester to Mattapan. What’d you think?
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
"Asking price can be seen as a measure of the long-term prospects of a neighborhood," NeighborhoodX research director Constantine Valhouli says. "Asking rent can be seen as a reflection of what the neighborhood is like right now."
The city’s most affordable neighborhoods for market-rate homes at the start of 2018 were Mattapan at $259 a square foot, Hyde Park at $273 a foot, Roslindale at $323 a foot, and Dorchester at $381 a foot.
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?
None of the 10 smallest single-family homes in the city run to more than 490 square feet. That's according to a new analysis for Curbed Boston. Plus, most of these teeny abodes are young by Boston standards.
A new analysis answers that eternally burning question: Where are the city’s less expensive larger condos? Turns out that most 3-BRs asking under $500 a square foot are clustered in Roxbury and Mattapan, but they can be found elsewhere. Try Dot.
In a city where $500,000 can seem a deal, there are several options for less than half that. Not surprisingly, perhaps, they are mostly clustered in a handful of neighborhoods away from the city center.