Boston Apartment Rental Market Mid Year Report
We are halfway through 2022 and the apartment rental market in Boston has never looked stronger. Apartment inventory levels are at historic lows while average rent prices continue to break through all-time highs with each passing week. Even more impressive, we’re just 14 months removed from when the Real-Time Availability Rate (RTAR) of Boston apartments surged to an unprecedented 13% due to COVID lockdowns, remote work, and distance based learning. To call it a market turn-around would be an understatement. Words can not properly encompass how fast we watched demand pour right back into the Greater Boston housing market.
Boston Apartment Availability Hovers at Historic Lows
Boston’s current RTAR is at a mind numbingly low 3.38% and trending downwards. That marks a -68.50% drop in apartment availability year-over-year and a -32.53% decrease from its pre-pandemic level in June 2019. What that means for renters in Boston is that they are seeing nearly a third less available apartment inventory in 2022 than they were prior to COVID.
Multi-Family Homes in Boston For Sale Under $1 Million
Multi-family homes in Boston are in high demand- there’s no question about it. With home prices continuing to move upwards, you might be asking yourself: is buying a multi-family home a good investment? For the most part, yes, buying a multi-family home is a good investment. Real estate investing is a great way to build long-term wealth. If you hold the asset for 20 years or longer you can build up some incredible equity that you can use to purchase other investment vehicles which certainly helps with retirement. That being said, not all investment properties are created equal and you still need to do your due diligence.
If you have vision and can see opportunities to renovate and reposition the asset; you can often get amazing returns that other people would not think of implementing at a property. Therefore, it is important that you take the time to consider all options before you buy a property. You can always ask to bring over a reputable contractor to get some potential estimates on the price of renovating so that you can figure out the potential rents you are seeking. Often times you can put in some capital improvements that propel the asset into a much more attractive and lucrative position in the marketplace.
If you’re thinking of purchasing a multi-family in Boston, work with a reputable agent with access to real-time market data in each specific neighborhood. You want to know the rents at all levels based on the condition of the asset. It is also preferable that you work with real estate agents that have considerable knowledge and potentially own rental properties themselves so they can give you their personal insight. They’ll be able to help you find the right property for you, and accurately price your future rental units. Working with a seasoned agent will give you an upper hand when buying in such a tight market!
5 Neighborhoods with the Most Boston Apartments Available
The entire city of Boston is currently experiencing historically low levels of rental inventory. As potential home buyers find themselves priced out of the housing market due to high-interest rates and runaway inflation, they are forced to rent for at least a few more years. The current Boston real- time availability rate (RTAR) is 3.38%. In June of 2019, the RTAR was 5.44%. For clarity, that means that renters have 37.87% less inventory to choose from than they did pre- pandemic.
That being said, some neighborhoods have more Boston apartments than others. We’ve identified five neighborhoods in Boston with the highest Real-Time Availability Rates. The higher the RTAR, the more choices you’ll have in your housing search. Below, you’ll find a breakdown of each of these neighborhoods, what makes them great to live in, and what you can expect to spend when you sign your next lease.
5 Tips For Creating A Postpartum Health Plan
Being a new mom is a delicate balancing act. Between caring for your newborn and keeping up with house chores, often mom’s health gets put on the back-burner. Perhaps that is one of the reasons why so many new moms struggle with postpartum depression and stress. In order to be at your best, most productive self, it’s imperative that you prioritize your own health and create a postpartum health plan to stay on track. This article will cover how to do just that.
Featured Boston Apartments Available September 1, 2022
The Boston rental market is tight. The Real Time Availability Rate (RTAR) for Boston apartments is 3.13%. This a 49.36% decrease in available apartments when compared to this same time of year pre- pandemic. As we discussed yesterday, some neighborhoods can offer renters a larger selection of apartments in Boston. Since September 1 remains the most popular move- in date for Boston renters, let’s take a look at some apartments in those neighborhoods available 9/1.
Foods to Avoid During Pregnancy
For pregnant women, your diet is the main source of nutrition for your developing baby. Whatever you consume will inevitably make its way to your baby, so you two are essentially sharing a meal plan for the next 9 months and even longer if you plan on breastfeeding. Just like there are foods you should eat to promote a healthy pregnancy, there are also foods you should avoid during pregnancy. This article will cover the foods you should stay away from.
Top 30 Boston Luxury Apartment Buildings for 2022
In the past year, we have rented more Boston luxury apartments than ever before! Thanks to feedback from customers and agents alike, we have put together the list of our top 30 Boston luxury apartment buildings for 2022.
With buyers finding themselves priced out of the current housing market, but many with a comfortable amount of cash in the bank, some are opting to rent luxury apartments until the market softens in their favor. When you consider today’s high inflation, and the supply chain crisis leading to construction delays, it’s not a bad idea to rethink your housing options. Other apartment seekers simply want to enjoy the conveniences and amenities that come with luxury living.
Some of the buildings mentioned below have found themselves on our top 20 lists from previous years. Although there are many incredible buildings in Greater Boston, and the number is growing, the 30 listed here (in no particular order!) have something special that made them stand out in 2022.
Foods to Avoid During Breastfeeding
For breastfeeding women, it’s important to understand the direct link between your diet and your baby’s health. You will pass on much of the nutrition that you eat to your baby, and the same goes for harmful substances. Many new mom’s are weary of this, but don’t know what foods are the best to eat during breastfeeding and which foods they shouldn’t eat. This article will cover which foods you may want to avoid while breastfeeding.
How Do You Find an Apartment Broker in Boston?
Finding great apartments for rent in Boston can be a daunting task. This holds especially true in a city like Boston, which has a competitive and thriving real estate rental market. It has been one of the most desirable places to live in the country for many years. One thing that you can do to make the process easier is to hire a broker/ agent in Boston. A professional real estate agent, who specializes in residential rentals, will do the bulk of the work for you. That will save you a lot of time and energy, and significantly reduce your stress level.
Is It More Expensive To Live In Brookline or South Boston?
Brookline and South Boston are among the most sought after housing markets in the Greater Boston area. Both of these neighborhoods are located close to Boston’s city center and there is a lot of demand for housing. As a result, prices are high- especially when compared to most of Greater Boston. But which is more expensive in terms of housing?
According to the most recent data, Brookline is more expensive to buy a house in than South Boston, but South Boston is more expensive than Brookline to rent an apartment in. Let’s take a look at the numbers.
