The subject of today’s snapshot is South Boston, Massachusetts. Based on our analysis, Boston’s year-over-year average rents decreased across all bedroom types.
Our standard neighborhood analysis uses a 12-month “LookBack” to establish an average baseline rent. The results from the 12-month LookBack analysis are presented in the tables below for Boston 1-3 bedroom rents from July 1, 2020 – July 1, 2021:
As the table shows, 1BR units decreased by 12% from last year or $334 more. The 2BR units decreased by 10% or $348 more, and the 3BR units decreased their rents by 8% or $331 less. As demonstrated by the table, year-over-year performance for all bedroom types decreased.
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This article was written by the Rentometer Content Team. The Rentometer Blog features fresh takes and insights on rental housing topics, services, and technology.