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Boston Metro Report: January 2018

The Zumper Boston Metro Report Analyzed Active Listings in December across 16 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The state median one bedroom rent was $1,805 last month.

Cities Ranked By Rent

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The Most Expensive

–Cambridge, MA held steady at $2,400 and continued to be the most expensive in the metro.

–Brookline, MA remained the second priciest city with one bedrooms priced at $2,290.

–Boston, MA rent grew $20 to $2,270 but continued to be the third most expensive.

The Least Expensive

–Fall River, MA rent dropped $20 to $870 but remained the most affordable in the metro.

–Worcester, MA was second with rent at $1,150.

–Lowell & Lawrence, MA tied for third with prices at $1,330.

Growth Rate

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The Fastest Growing (Y/Y%)

–Haverhill, MA rent was the fastest growing since this time last year, up 9.4%.

The Fastest Growing (M/M%)

–Haverhill, MA also had a large monthly growth rate as well, climbing 4.8%.

–Lawrence, MA ranked as second with rent growing 3.9% last month.BostonJan

Full Data

  1 Bedroom  2 Bedrooms  
Pos.CityPriceM/M %Y/Y %PriceM/M %Y/Y %
1Cambridge$2,4000.00%0.40%$3,0000.00%3.40%
2Brookline$2,2900.00%1.80%$2,8200.70%7.20%
3Boston$2,2700.90%0.90%$2,7000.40%3.80%
4Medford$1,9603.20%3.20%$2,100-2.80%1.00%
5Somerville$1,930-3.50%-3.50%$2,4002.10%4.30%
6Waltham$1,880-5.10%-9.20%$2,200-3.50%-7.60%
7Newton$1,830-3.20%2.80%$2,250-2.20%2.30%
8Quincy$1,8001.10%6.50%$2,2102.30%10.50%
9Malden$1,7000.00%2.40%$1,9604.80%1.60%
10Framingham$1,5701.30%5.40%$1,800-4.30%9.10%
11Haverhill$1,5204.80%9.40%$1,6905.00%3.00%
12Brockton$1,3303.10%3.10%$1,5600.60%2.60%
12Lawrence$1,3303.90%-5.70%$1,5104.10%9.40%
12Lowell$1,330-2.20%3.90%$1,4600.00%-2.70%
15Worcester$1,1500.00%-5.00%$1,3001.60%-5.10%
16Fall River$870-2.20%-15.50%$1,0305.10%-6.40%

About

The Zumper Boston Metro Report analyzed active listings that hit the market in December 2017. Listings are aggregated by city to calculate median asking rents.

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The post Boston Metro Report: January 2018 appeared first on The Zumper Blog.



This post first appeared on The Zumper Blog | Rental Market Trends, Real Estat, please read the originial post: here

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Boston Metro Report: January 2018

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