Boston, MA

Population: 645,966
Average annual home appreciation rate: 7.87%
Total of homes for sale in this market: 98
Median home price: $405,879
Median Rent: $1,529 per room
Home price range: 26.52% of homes are between $328,001 – $438,000
Median sales price: No data
Number of homes: 784
Median foreclosure sales price: $382,500
Foreclosure discount: No data
Most common home type: 43.05% of homes are Complexes or High Rise apartments
Number of vacant homes: 8.68%
Number of renters: 68.32%
Number of owner occupied: 31.68%
Number people living below poverty level: 21.45%
Unemployment rate: 4.30%
Is this area perfect for real estate deals going on right now? Boston has an amazing track record for positive appreciation rates for the past decade, and is still running strong. There are some positive things that could prove to be a great place to invest in real estate going on right now in Boston… 1. As mentioned, record for positive appreciation rates. 2. High rental rates 3. Multiple troubled properties (They outnumber the total number of homes for sale on the market) 4. Much more renters than home owners (means buy and hold rental properties at the rental rates could be very profitable.) Lots going on in the Boston real estate market… Savvy investors could really make great things happen here.

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