Downtown Boston one of the hottest real estate markets in the country for 2019
The Emerging Trends report ranks downtown Boston as one of the top 10 real estate markets in the country for the second year in a row. The Boston condo for sale market has proven to be resilient in the past. In fact, it’s one of the 10 cities that survived the last housing crash. Despite Boston’s slow population growth rate, the city did enjoy a net migration rate over the past five years. In addition, due to the more Boston luxury condo prices, many of Boston’s residents opt to rent a Beacon Hill apartment meaning rental demand and rental income are on the rise.
Furthermore, the city has countless touristic sites and natural attractions which make it one of the best places to invest in Boston Seaport condos for long-term rental properties. The Emerging Trends report also predicts employment growth in Boston at a rate near the US national average and states that “investment opportunities are seen as being readily available in Boston for 2019.”
- Median Property Price: $855,693
- Traditional Rental Income: $2,533
- Airbnb Rental Income: $3,380
- Days on the Market: 44
- Price-to-Rent Ratio: 28.15
Boston condos for sale
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