Condos vs. Apartments in Boston with Similar Monthly Payments

Boston apartment vacancy is lower than ever- 78.77% lower than it was just a year ago. In fact, the current real- time vacancy rate for the city of Boston is 0.38%. This means 99.62% of apartments in Boston are currently occupied! Additionally, the median days on market for available apartments is just 3 days– this doesn’t leave renters with a lot of time to make a decision once they do see a unit they like!

On the other hand, while supply is also limited for buyers, renters with enough money in the bank for a downpayment and closing costs would do well to consider the home ownership route if they want more options. There are currently 1,219 condos for sale in Boston. Here are some examples of condos vs. apartments in Boston with similar monthly payments.