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These days, finding an affordable place to live in the South Boston area can be challenging. Home prices in South Boston are now at a median cost of $1,064,327, higher than the Boston average of $707,376.
The average cost of rent is $2,797/mo in South Boston, primarily driven by the current value of real estate in the South Boston area. In South Boston, 68.82% of households rent, and 31.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Boston is $12,741 per month. Households that rent pay about 21.95% of their income on rent here. South Boston’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Dorchester Heights, Boston, MA: less expensive homes
- South End, Boston, MA: higher priced homes
- Central, Boston, MA: equally priced homes
- North Dorchester, Boston, MA: less expensive homes
- Downtown Crossing, Boston, MA: higher priced homes
- Back Bay, Boston, MA: higher priced homes
- Nubian Square, Boston, MA: less expensive homes
- Dock Square, Boston, MA: less expensive homes
- Gove Street, Boston, MA: less expensive homes
- Roxbury, Boston, MA: less expensive homes
Neighborhoods with Similar Populations
- Westside, Santa Cruz, CA: equally priced homes
- Cully, Portland, OR: less expensive homes
- Deep Creek North, Chesapeake, VA: less expensive homes
- Drnag, San Bernardino, CA: less expensive homes
- Eads-Fisherville, Cordova, TN: less expensive homes
- East Arlington, Jacksonville, FL: less expensive homes
- East Central, Pasadena, CA: higher priced homes
- Wicker Park, Chicago, IL: less expensive homes
- Whiskey Point, Chicago, IL: less expensive homes
- Au-Tenleytown, Washington, DC: higher priced homes
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