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Boston, MA Real Estate


According to census data in the year 2000 there were 251,935 housing units in Boston. This represents a 0.4% growth from 250,863 in 1990.

Of those housing units, 251,935 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Boston is about 32.2%. Boston's vacancy rate, including seasonal lodging, is about 4.9%. Average household size is 2.31 people.

The majority of houses, apartments or condos in Boston were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type8.30%
One Bedroom28%
Two Bedrooms32.10%
Three Bedrooms21.30%
Four Bedrooms6.70%
Five Bedrooms or more3.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1939
Median Value of occupied units$190,600
Median Price asked for vacant units$202,100

Rented Homes, Apartments and Condos

Average Household Size2.18
Median year structure was built1944
Median Monthly Rent asked for vacant units$725

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage7.10%
Home Equity Loan7.90%
Simple Mortgage54.90%
Debt Free29.80%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs19.7%