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Expensive
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These days, finding an affordable place to live in the Central area can be challenging. Home prices in Central are now at a median cost of $1,134,487, higher than the Boston average of $707,376.
The average cost of rent is $2,662/mo in Central, primarily driven by the current value of real estate in the Central area. In Central, 77.76% of households rent, and 50.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Central is $9,721 per month. Households that rent pay about 27.38% of their income on rent here. Central’s most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Downtown Crossing, Boston, MA: higher priced homes
- Dock Square, Boston, MA: less expensive homes
- Back Bay, Boston, MA: higher priced homes
- South End, Boston, MA: equally priced homes
- East Cambridge, Cambridge, MA: less expensive homes
- South Boston, Boston, MA: equally priced homes
- Waterfront, Boston, MA: less expensive homes
- MIT, Cambridge, MA: higher priced homes
- Gove Street, Boston, MA: less expensive homes
- Dorchester Heights, Boston, MA: less expensive homes
Neighborhoods with Similar Populations
- Western Branch North, Chesapeake, VA: less expensive homes
- Wicker Park, Chicago, IL: less expensive homes
- Flour Bluff, Corpus Christi, TX: less expensive homes
- Weston Ranch, Stockton, CA: less expensive homes
- Bay Terraces, San Diego, CA: less expensive homes
- Beach Haven, Jacksonville, FL: less expensive homes
- Belair, Augusta, GA: less expensive homes
- Theater District, Manhattan, NY: equally priced homes
- South, Raleigh, NC: less expensive homes
- Chevy Chase, Washington, DC: equally priced homes
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