2022 Mission Hill Apartment Rental Market Report

The apartment rental market in Mission Hill has entered 2022 in a very strong position after 20 months of COVID-induced supply upheaval. Mission Hill was among only five neighborhoods in Boston where the real-time availability rate (RTAR) rose above 20% in 2021. Since then, the RTAR for Mission Hill apartments began 2022 at a historic low of 4.1% and average rent prices have already surpassed their all-time highs set before the pandemic.
Mission Hill Apartment Supply Trends

Historically, Mission Hill’s rental market has been characterized by high demand coupled with high turnover. Being one of the more reasonably priced rental markets close to local Universities, it is a favorite neighborhood for students seeking affordable off-campus housing. Therefore, it’s not uncommon for apartment availability to peak above 12% during a normal year.