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Immigration and its impact on the Boston real estate market

boston condo market immigration

 

One of the more controversial issues on the news today is that of immigration. Whether you’re for or against the current policies, there’s one thing we all can agree on: it will have an impact on the local Boston real estate market.

The most recent research that I can find on how immigration is impacting the Boston real estate market is from AS/COA and Partnership for a New American Economy, which provides an interactive map showing “the net change in a county’s immigrant population from 2000 to 2010 and the corresponding effect on median home values.”

The study was conducted from 2000 – 2010. The findings are as follows:

*In Suffolk County 27.7% of residents are foreign born.
*The net change in immigrant population from 2000-2010 in Suffolk County  +18,804
*Immigration in Suffolk County increased median home price by $2,172.

Click an interactive map  and learn more about the study and its impact on the Boston real estate market.

Picture: mklegaladvice.com