The most Expensive Rental Markets in the US

Full post: https://ajkoch.expressions.syr.edu/2022/07/28/the-most-expensive-rental-markets-in-the-us/ Despite the less-than-optimistic economic outlook, rent prices have been on the rise across much of the country this year. It appears like inflation is pushing prices up for renters, as the average rent in the US has risen by +14.75% since June 2021. Rents have surged even higher than the national average in several of the nation’s most expensive rental markets, namely in Miami (+28.35%), New York (+20.50%), and San Diego (+19.26%). Here are the top 6 most expensive rental markets in the US.
Location: Boston, MA

Comments

Post a Comment

Popular posts from this blog

Boston Average Condo Property Net Operating Income

Image
  Boston’s condo market has exploded over the past decade as dozens of new large multi-unit developments have been built.  This has added thousands of new townhomes and luxury condos to Greater Boston’s housing inventory.  Combine that with the shortage of single family homes in Boston, what you have is a market that is dominated by condo sales.   In fact, in 2021 Boston condos recorded 5,890 condo sales in the city alone.  That is over 5 times the number of single family home sales (1,110) and 7.5 times the number of multi family sales (764) in Boston during the same period.  In a market like this, many property investors are eyeing condos for potential long-term property assets.  Calculating Area NOI (Net Operating Income) for Investment Research Condos can vary greatly in terms of NOI (net operating income) for property investors.  Factors like sales prices, HOA fees, location, and average rent prices can make or break a property in terms of pr...
Read more

Multi-family Homes in Boston for First Time Buyers

Full post: https://bostonpads.com/blog/buyer/multi-family-homes-in-boston-for-first-time-buyers/ As rents continue to rise, more Bostonians are making concrete plans to buy their first Boston home and build equity. A condo or a single-family home in Boston may be the first options that come to mind- and there’s nothing wrong with that! However, if you want to invest and build more wealth in the long run, consider if your first Boston Real Estate purchase should be a multi-family home. While this path isn’t for everyone, it comes with significant benefits. As a multi-family property investor, you could deduct maintenance, insurance premiums, management fees, and other costs. Of course, the primary benefit is that your rental unit(s) will cover most, if not all, of your mortgage payment if you play your cards right. You’ll need to work with an experienced real estate agent as well as an experienced mortgage broker to find the right fit for you and your financial situation. Working with...
Read more

Most Expensive Neighborhoods to Rent An Apartment in Boston

Full post: https://bostonpads.com/blog/boston-rental-market/most-expensive-neighborhoods-to-rent-an-apartment-in-boston/ Over the past decade, Boston has emerged as one of the nation’s most expensive rental markets. During that time, Boston’s local economy has transformed from the rugged blue-collar town of the twentieth century to a white-collar tech hub of the twenty-first century. The population has boomed over this time span, increasing demand for housing in Boston’s core areas. This has caused rent prices to climb so much that Boston overtook San Francisco as the nation’s second most expensive rental market last year. If you plan on renting an apartment in Boston, be prepared to pay top dollar. You can find more affordable rents away from Boston’s downtown neighborhoods. These areas are situated in the south and west of the city. In general, the closer you get to Boston’s city center, the higher rent prices you will encounter. If you’re wondering which neighborhoods have the hi...
Read more