It’s been a decade of big changes for housing in the Boston metro area, over which time the median price for a home doubled from $325,000 to $650,000, according to a report from RENTCafé. The apartment search website noted in its analysis that while earnings have also increased during that same time period, they did so at about half the pace.

Median income was up 48 percent, reaching $73,630 over the last decade. Rents also have jumped substantially in the teens, increasing 40 percent to an average of $3,408. The increasingly expensive rents and home prices have pushed residents out of the Boston-Cambridge-Newton metro area, a majority – roughly $17,000 – of them leaving for the Providence metro area, according to RENTCafé. The report, which tracks the evolution of rents and home prices since 2010, also notes that 44,848 new apartment units were built in Boston over the last decade, and the average apartment size dropped from 888 square feet to 766 square feet. The post Median home prices in Boston double in a decade appeared first on Boston Agent Magazine.

McDevitt Real Estate Closing Attorney Services - Real Estate Law Massachusetts

Have a question about Real Estate Law or need a closing attorney?  Fill out the form below or call us at 617-282-7550.

We are conveniently located in Hingham and Milton, Massachusetts.

  Contact a McDevitt Law Group Real Estate Attorney today!



McDevitt Law Group voted #1 Choice for Attorney - Lawyer Milton, Massachusetts by Wicked Local Readers Choice






Article From: "RENTCafé"   Read full article

lawyers for real estate, Boston Massachusetts, arrow icon

McDevitt Law Group

Massachusetts Real Estate Attorneys
•   •   •

McDevitt Law Group strives to provide the highest quality real estate law and estate planning services, and we have for almost 40 years. As a small law firm, we pride ourselves on providing personal attention to your case and providing the highest quality representation. Call us today, or use the contact form below.

Barnstable County | Bristol County | Duke County | Essex County | Middlesex County | Nantucket County | Norfolk County | Plymouth County | Suffolk County

Just click on the Phone Number to dial on your phone:



lawyers for real estate, Boston

Pin It on Pinterest