Holy Moly! It’s expensive to live in Southie!
We know Southie is the best neighborhood in Boston to live! We’ll evidently its one of the most expensive to live! According the real estate website Zumper, Boston is right behind San Francisco and New York City coming in #3 in the most expensive rental market in the nation! The price of a one bedroom grew 1.4% to a median of $2,250. A two bedroom rose 4% to $2600. Well, in Southie apartments on D Street and West Broadway are brining in between ….wait for it….$2700 – $3025 for rent!
So there you go! What do you think?
Image: Zumper
I’d say wow but I moved to San Francisco so Id save money moving back. But it’s crazy that someone can’t stop these rental prices from making everyone poor but the owners.
There is no person responsible for the rental prices, the huge demand for rentals and the limited housing supply is leading to increased prices. Building more units is the only way to reverse the trend.
Also, no one is making anyone poor. No one forces anyone to live anywhere or pay anything in rent, that is their choice. There are plenty of neighborhoods around Boston with much cheaper prices (though, as Maureen said, they are not as nice!).
One nit I’ll pick with the stats shown above is that D St. / West Broad includes the seaport as well. So Southie is not quite as bad as it looks due to this rental price gerrymandering.
What are you talking about these landlords are making peaple poor they own severely houses and drive 50. 000. Doallars cars.
Not sure what a ‘severely house’ is or what the conversion rate for 50.000. Doallars is to the American dollar, but good point nonetheless.
Hopefully all of the new units coming online within the next 12 months will plateau this trend…otherwise it’s time to ask Ma and Pa for some down payment help! The disparity between the owners and renters is becoming dramatic.