Why Live in Boston
Boston's historic Fenway Park stands as the heart of Red Sox Nation, while the 2.5-mile Freedom Trail connects 16 revolutionary landmarks through the city's storied streets. The Boston Common, America's oldest public park, provides a peaceful retreat alongside the Public Garden's iconic Swan Boats. Cultural attractions include the Museum of Fine Arts' extensive collections and the New England Aquarium's marine exhibits. The restaurant scene features standouts like O Ya's 20-course omakase dinners and Regina Pizzeria's classic pies in the North End.
The Boston housing market presents diverse options across its neighborhoods. Single-family homes concentrate in Jamaica Plain, where the median price reaches $1,231,000, and West Roxbury, with a median price of $875,000. Condos prevail in areas like Back Bay, where one-bedroom units have a median price of $799,900 and two-bedrooms reach $1,825,000. South Boston offers more affordable condo options, with one-bedrooms at a median of $579,500 and two-bedrooms at $882,000.
Boston's cost of living stands 45.8% above the national average. A married couple with children needs an annual salary of $154,000 to live comfortably, while renters should aim for $102,000. The property tax rate in Suffolk County is 0.67%, lower than nearby Cambridge and Somerville at 1.05%. Massachusetts applies a 5% state income tax and 6.25% sales tax.
The city maintains excellent educational options, including the APlus rated Boston Latin School serving Downtown Boston and Boston Common. Private institutions like Brimmer and May School and The Roxbury Latin School also receive top ratings. Major universities include Boston University, Northeastern University, and Emerson College. The extensive MBTA public transit system connects neighborhoods through subway, bus, and commuter rail services, while water taxis serve waterfront locations.
Home Trends in Boston, MA
On average, homes in Boston, MA sell after 43 days on the market compared to the national average of 50 days. The median sale price for homes in Boston, MA over the last 12 months is $840,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$840,000
Median Single Family Sale Price
$925,000
Median Townhouse Sale Price
$1,209,500
Median 2 Bedroom Sale Price
$951,500
Median 1 Bedroom Sale Price
$680,000
Average Price Per Sq Ft
$1,014
Number of Homes for Sale
1,152
Last 12 months Home Sales
2,674
Median List Price
$899,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
3%