Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Back Bay area can be challenging. Home prices in Back Bay are now at a median cost of $1,355,909, higher than the Boston average of $545,530.
The average cost of rent is $2,400/mo in Back Bay, primarily driven by the current value of real estate in the Back Bay area. While nearly 42.07% of residents own their homes outright in Back Bay, 71.47% rent.
Housing affordability isn’t just about home prices, though. The average household income in Back Bay is $9,806 per month. Households that rent pay about 24.47% of their income on rent here. Back Bay's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Nearby Neighborhoods
- South End, Boston, MA: less expensive homes
- Central, Boston, MA: less expensive homes
- Downtown Crossing, Boston, MA: equally priced homes
- MIT, Cambridge, MA: less expensive homes
- Fenway-Kenmore, Boston, MA: less expensive homes
- East Cambridge, Cambridge, MA: less expensive homes
- Area IV, Cambridge, MA: less expensive homes
- Dock Square, Boston, MA: less expensive homes
- Wellington-Harrington, Cambridge, MA: less expensive homes
- Cambridgeport, Cambridge, MA: less expensive homes
Neighborhoods with Similar Populations
- Shadow Creek Ranch, Pearland, TX: less expensive homes
- Eastchester, Bronx, NY: less expensive homes
- Highland, St. Paul, MN: less expensive homes
- Portar Ranch, Northridge, CA: less expensive homes
- Northwest Austin, Austin, TX: less expensive homes
- Roxborough, Philadelphia, PA: less expensive homes
- Oxon Hill-Glassmanor, Oxon Hill, MD: less expensive homes
- Cooper Mountain-Aloha North, Aloha, OR: less expensive homes
- Greater Landover, Landover, MD: less expensive homes
- Greater Upper Marlboro, Brock Hall, MD: less expensive homes
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