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.