The affordability of a condo in Boston depends on your income, other debts, and desired neighborhood, with a typical price range from affordable neighborhoods in the $600,000s to luxury condos over $2 million. A good starting point for your budget is 3 to 5 times your annual household income.

Income required to buy a median-priced condo

In 2025, the salary needed to afford a typical Boston condo was approximately $205,253, according to one real estate source.
The median condo price in Boston increased to $702,000 in December 2025.
As of November 2025, households needed an income of $162,224 to afford an “entry-level” home, which is a significant increase from 2021.

Condo prices by Boston neighborhood

Median condo prices vary widely by neighborhood and are a major factor in determining affordability:

Most expensive: Luxury neighborhoods like the Back Bay had a median condo sale price of $1,617,500 in late 2025, with some reaching over $2 million.
Mid-range: Neighborhoods like South Boston had a median sale price of $905,000 in late 2024.
More affordable: As of late 2024, Dorchester and Brighton offered more affordable options, with median sale prices of $572,500 and $610,000, respectively.

Factors that influence affordability

Besides location and income, other factors will determine what you can afford:

Down payment: A larger down payment lowers your monthly mortgage but saving for one can be a significant challenge in Boston.
Credit score: A good credit score can help secure a lower interest rate, reducing your monthly payments.
Interest rates: Higher interest rates increase your monthly mortgage payments.
Other costs: Don’t forget to account for additional expenses such as property taxes, homeowners’ association (HOA) fees, and utilities.

For the most updated information on how much a Boston condo for sale buyer can afford visit the Ford Realty website bostonreb.com or Boston luxury condos for sale.