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These days, finding an affordable place to live in the Boston area can be challenging. Home prices in Boston are now at a median cost of $383,890, lower than the Virginia average of $443,089.
The average cost of rent is $1,641/mo in Boston, primarily driven by the current value of real estate in the Boston area. In Boston, 4.88% of households rent, and 20.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Boston is $8,051 per month. Households that rent pay about 20.39% of their income on rent here. Boston’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Scrabble, VA: equally priced homes
- Reva, VA: equally priced homes
- Haywood, VA: less expensive homes
- Castleton, VA: equally priced homes
- Etlan, VA: equally priced homes
- Rixeyville, VA: higher priced homes
- Rock Mills, VA: equally priced homes
- Brightwood, VA: equally priced homes
- Culpeper, VA: equally priced homes
- Leon, VA: equally priced homes
Cities with Similar Populations
- Hampton, PA: less expensive homes
- Blandinsville, IL: less expensive homes
- Garwin, IA: less expensive homes
- Willow, FL: higher priced homes
- Hebron, ND: less expensive homes
- Cabot, VT: less expensive homes
- Whites Gap, AL: less expensive homes
- Canaan, NY: equally priced homes
- Vida, OR: higher priced homes
- Winchester, KS: less expensive homes
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