Rents and housing prices will never compete with those in New York City or even San Francisco, but sadly Boston does have a well deserved reputation for being a very expensive place to live.
An article that appeared in The Boston Globe on Tuesday about the unusually tight rental market in Boston points to a large influx of empty-nesters who are buying and renting properties as fast as they become available.
The Boston Globe story found that rent for a two-bedroom apartment ranges between an average of $1,237 per month in Dorchester to $2,857 per month in Back Bay. Let’s hope that more properties will be built and quickly so the market doesn’t add any more stress on young professional, couples and families who want to remain in Boston but are priced out of the market.
Source: The Boston Globe
BosGuy 