Rent vs. Buy Allston

Allston has historically been one of Boston’s more modest housing markets. Located close to some of Boston Metro’s largest universities, the area is known to be a student enclave where coeds can escape the high rent prices that are typical of Fenway, Symphony, and South End. Still, average rents for Allston apartments have been on the rise in recent years as off-campus housing demand has increased along with student enrollment.

If you or a loved one are moving to the area, you may be wondering whether Allston is still a viable neighborhood for an investment in real estate or if you’d be better off renting an apartment. The following analysis will break down the average NOI (Net Operating Income) of Allston condos and single family homes by comparing the current average rent price with up to date median sale prices from MLS.