Boston Pads

Full post: https://bostonpads.com/blog/boston-rental-market/best-luxury-apartment-buildings-in-south-boston/ From Fort Point to the edge of the Seaport District, South Boston apartments have long been a favorite for those looking for the best luxury living Boston has to offer. While the Seaport is a luxurious neighborhood in its own right these days, Southie boasts more than its share of breathtaking luxury apartment buildings. As one of the hottest destinations for Boston luxury apartments, the luxury buildings in South Boston are second to none. Here — in no particular order — are some of our favorites.

Full post: https://bostonpads.com/blog/boston-rental-market/featured-4-bedroom-boston-apartments-for-rent/ Renters looking for apartments in Boston have been struggling to secure a home more than ever before. Supply is historically low, and prices are high with no signs of dropping any time soon. Renters are losing out on apartments in bidding wars. The real-time vacancy rate (RTVR) in the city of Boston today is 0.39%. That means 99.61% of apartments are currently occupied! When we look at the real-time availability rate (RTAR), which gives us a snapshot of the total percentage of apartments that will become available soon on top of vacant apartments, it is currently at a low 1.9% for the City of Boston. The supply of rental housing in Boston is not keeping up with the demand of an ever-growing population- that much is clear. Luckily, Boston Pads has the largest selection of available rentals in the Greater Boston Area- no matter your budget. There are currently 1,451 Boston apartm...

Full post: https://bostonpads.com/blog/moving/miami-vs-boston-cost-of-living-comparison/ The Boston housing market has been near the top of the list of most expensive places to live in the country for the past decade. However, Miami is quickly catching up to Boston. The Florida city is no longer the significantly less expensive alternative that it used to be. A new rivalry has been born between Boston and Miami, and it’s not sports related. We’re talking about the increasingly high housing costs. So, how high is the cost of living in Boston compared to Miami? The rest of this article will compare it head to head in terms of median sales prices, average rent price, and the median income to housing expense ratios.

Full post: https://bostonpads.com/blog/boston-housing-market/featured-homes-for-sale-in-boston-under-600000/ With rental prices reaching record highs, and apartment occupancy reaching 99.53%, more renters are considering their housing options. Particularly, if a similar monthly payment toward a mortgage is within reach for them. Determine how much you can afford by using our mortgage calculator and take a look at some of our featured homes for sale in Boston under $600,000.

Full post: https://bostonpads.com/blog/boston-rental-market/5-neighborhoods-with-the-lowest-rate-of-available-boston-apartments/ Renters in the city of Boston are familiar with the difficulties of searching for Boston apartments, but inventory has reached even lower levels this year. In a previous article, we discussed the 5 neighborhoods with the most Boston apartments available. That is, with the highest Real-Time Availability Rates (RTAR) and therefore apartment options. The RTAR is a great way for future renters to plan as it allows them to know the availability of Boston apartments today or in several months’ time. However, you may still be having some trouble with your home search if you’re looking in certain parts of the city. Here are 5 Boston neighborhoods with the lowest RTAR, and where renters may be noticing they don’t have as many opportunities.

Full post: https://bostonpads.com/blog/real-estate-news/5-new-luxury-apartment-buildings-approved-by-bostons-housing-board/ The city of Boston has seen a wave of new construction developments over the past decade. In an effort to meet rising demand for housing, the city has made it an initiative to build 69,000 new housing units by the year 2030. This initiative has reshaped Boston’s skyline and turned the waterfront from a shipping yard into a haven of Boston luxury apartments. Now, Boston is home to some of the newest most state-of-the-art luxury buildings in the country. But the work is far from done. Apartment shortages have pushed rent prices close to San Francisco and NYC levels, and more development will be needed to curb rising rents. Here are 5 of the biggest new construction projects that recently received approval from the housing board.

Full post: https://bostonpads.com/blog/boston-rental-market/2022-watertown-apartment-rental-market-report/ If you were to look at the last two years of rental data in Watertown MA, it’s hard to tell that a pandemic ever occurred. When vacancy rates and apartment availability soared to unprecedented levels throughout Greater Boston during COVID, Watertown’s rental supply stayed steady. With the exception of a slight surge in vacancies in the summer of 2020, Watertown’s apartment rental market barely skipped a beat. Now in 2022, the average rent price for Watertown apartments has hit an all-time high and vacancies hit their lowest level on record. Watertown Apartment Rental Market Supply Figures The real-time vacancy rate (RTVR) in Watertown currently sits at 0.62%. That figure has stayed below the 1% mark since the beginning of 2022, and at the end of June Watertown’s RTVR dropped to an all-time low of 0.31%. That indicates that apartment occupancy is at an all-time high in Wate...