The one thing that seems to be missing in the current Boston real estate market is Boston renters. The following is a breakdown of current apartments for rent, in Beacon Hill for September 1st:
- Beacon Hill – 100 apartments avail in 2018 today there are 275 apartments for rent.
Is Boston Affordable for Apartment Renters
According to MIT’s Department of Urban Studies and Planning, roughly two-thirds of all Boston residents are renters, and many find it difficult to find an affordable place to live.
Median gross rents rose nearly 5% between 2009 and 2015, while the inflation-adjusted median household income of Boston renters decreased by about 4%. More than half of all renters were paying more than half of their income for rent in 2014.