Boston has a total population of 685,094 and 34.70% of the population own their home. 65.30% of the occupied housing units are renters within the Boston metro area. The median gross rent from 2014 - 2016 was $1,369. Today, the rental rate has risen 120.60% from 2016. Apartment residents tend to be more long term with 79.20% staying in their residence for more than 1 year. For those who own a home, the median value of the house is $423,200.
Rental Rates in Boston
The average rental rate for all rental properties within Boston is $3,020. The rental rates by bedrooms is as follows. A studio is $2,316, a one bedroom is $2,831, a two bedroom is $3,383, and for three bedrooms, the rental rate is $4,132. The average sq ft for a rental unit is 815 sq. ft. With 3 bedrooms being about on average 1,308 sq. ft.
By neighborhood, the average rental rates in Boston are as follows:
Roslindale - $2,265
Roxbury - $2,283
Jamaica Plain - $2,610
East Boston - $2,633
Dorchester - $2,633
Allston - Brighton - $2,706
Charlestown - $3,099
Beacon Hill - $3,218
Mission Hill - $3,222
Fenway - Kenmore - $3,223
South End Boston - $3,256
West End Boston - $3,304
South Boston - $3,412
Bay Village - $3,527
Downtown - Financial District - $3,555
Chinatown - Leather District - $3,605
Back Bay - $3,627
North End Boston - $3,674
Four Mile Creek - $1,823
East Central - $1,823
The total population under the age of 18 is 21.80%. While those over 65 is 10.70%. Women make up 52.00%, while men make up the remaining 48.00%. 53.00% of the population is White, 19.00% is Latino and 25.40% African American.
Education and Economy 21.10% of the population in Boston is considered to be at the poverty level. The education level is rather high with 85.70% with a high school degree or higher. The median annual household salary for Boston is $58,516 with 56.60% of all businesses within the city being owned by men, while 32.72% are owned by women and 29.84% of businesses are minority owned.
Boston - City Information
Boston, first incorporated as a town in 1630, and as a city in 1822, is one of America's oldest cities, with a rich economic and social history. What began as a homesteading community eventually evolved into a center for social and political change. Boston has since become the economic and cultural hub of New England. As the region's hub, Boston is home to nearly 590,000 residents, many institutions of higher education, some of the world's finest inpatient hospitals, and numerous cultural and professional sports organizations. Boston-based jobs, primarily within the finance, health care, educational, and service areas, numbered nearly 660,000 in 2002. Millions of people visit Boston to take in its historic neighborhoods, attend cultural or sporting events, and conduct business.
Boston's colleges and universities have a major impact on the city and region's economy, with students contributing an estimated $4.8 billion annually to the city's economy. Not only are Boston's schools major employers, but they also attract high-tech industries to the city and surrounding region. Boston is home to a number of technology companies and is a hub for biotechnology, with the Milken Institute rating Boston as the top life sciences cluster in the country. Boston also receives the highest absolute amount of annual funding from the National Institutes of Health of all cities in the United States. And, tourism comprises a large part of Boston's economy. In 2004, tourists spent $7.9 billion and made the city one of the ten-most-popular tourist locations in the country. Some of the other important industries are financial services, especially mutual funds and insurance. Boston-based Fidelity Investments helped popularize the mutual fund in the 1980s and has made Boston one of the top financial cities in the United States. If you're moving to Boston for work, rentbits is a great place to start your home rental search!
Boston is sometimes called a "city of neighborhoods" because of the profusion of diverse subsections. Some unique neighborhoods where you can find houses to rent in Boston and townhomes to rent in Boston include: Allston/Brighton, Back Bay, Bay Village, Beacon Hill, Charlestown, Chinatown/Leather District, Dorchester, Downtown/Financial District, East Boston, Fenway/Kenmore, Hyde Park, Jamaica Plain, Mattapan, Mission Hill, North End, Roslindale, Roxbury, South Boston, South End, West End, and West Roxbury. All of these neighborhoods provide unique opportunities for dining and entertainment and are a great place to call home. When searching for apartments in Boston be sure to keep these neighborhoods in mind. These neighborhoods are also a great place to start when looking for apartments for rent in Boston. Boston has so many unique neighborhoods. One of the great things about renting an apartment or house in one of these neighborhoods is that you will be part of all the charm and character that Boston has to offer. If you are moving to Boston for work, check out apartments for rent near the Financial District in Boston and Boston Downtown. These apartments and luxury apartment rentals will put you close to everything you need for both work and play!
Culture and Living
Living in Boston provides many opportunities for cultural activities and entertainment. Irish Americans are a major influence on Boston's politics and religious institutions. Faneuil Hall, a well-known stop on the Freedom Trail, is sometimes called "the Cradle of Liberty" because of its role in the American Revolution. Bostonians are often considered to have a strong sense of cultural identity, perhaps as a result of its intellectual reputation; much of Boston's culture originates at its universities. The city has a number of ornate theatres, including the Cutler Majestic Theatre, Boston Opera House, Citi Performing Arts Center, the Colonial Theater, and the Orpheum Theatre. Renowned performing-arts organizations include the Boston Symphony Orchestra, Boston Ballet, Boston Early Music Festival, Boston Lyric Opera Company, Opera Boston, and the Handel and Haydn Society (one of the oldest choral companies in the United States). The city is also a major center for contemporary classical music, with a number of performing groups, some of which are associated with the city's conservatories and universities. There are also many major annual events such as First Night, which occurs on New Year's Eve, the annual Boston Arts Festival at Christopher Columbus Waterfront Park, Italian summer feasts in the North End honoring Catholic saints, and several events during the Fourth of July period. These events include the week-long Harborfest festivities and a Boston Pops concert accompanied by fireworks on the banks of the Charles River. Because of the city's prominent role in the American Revolution, several historic sites relating to that period are preserved as part of the Boston National Historical Park. Many are found along the Freedom Trail, which is marked by a red line of bricks embedded in the ground. The city is also home to several prominent art museums, including the Museum of Fine Arts and the Isabella Stewart Gardner Museum. In December 2006, the Institute of Contemporary Art moved from its Back Bay location to a new contemporary building designed by Diller Scofidio + Renfro located in the Seaport District. The University of Massachusetts campus at Columbia Point houses the John F. Kennedy Library. The Boston Athenaeum (one of the oldest independent libraries in the United States), Boston Children's Museum, Bull & Finch Pub (whose building is known from the television show Cheers), Museum of Science, and the New England Aquarium are within the city. Boston is a great place for sports and has a renowned reputation as home to some of the most noteworthy teams. The following sports teams call Boston home: the Boston Red Sox (Major League Baseball), the Boston Celtics (National Basketball Association), the Boston Blazers (National Lacrosse League) and the Boston Bruins (National Hockey League). Boston is a fun and exciting place to call home! The New England Patriots have been one of the most successful NFL franchises in recent memory. Whether it is the exciting play of Tom Brady or Wes Welker, the Patriots consistently win and win big! When you are looking for apartments for rent near Foxboro or houses for rent near Foxboro, rentbits has the best listings and makes your search easy.
Boston Colleges and Universities
Boston's reputation as "the Athens of America" derives in large part from the teaching and research activities of more than 100 colleges and universities located in the Greater Boston Area, with more than 250,000 students attending college in Boston and Cambridge alone. Within the city, Boston University exudes a large presence as the city's fourth-largest employer, and maintains a campus along the Charles River on Commonwealth Avenue and its medical campus in the South End. Northeastern University, another large private university, is located in the Fenway area, and is particularly known for its Business and Health Science schools and cooperative education program. Suffolk University, the fourth largest university in Boston, is located in the Beacon Hill area, and is known for its law school. Boston College, a private Catholic Jesuit university, whose original campus was located in the South End, now straddles the Boston (Brighton)-Newton border, with planned expansions further into Brighton. Boston's only public university is the University of Massachusetts Boston, located on Columbia Point in Dorchesterand Roxbury Community College and Bunker Hill Community College are the city's two public community colleges. As you can see, as a student you have many educational options in Boston. And students need student housing! Use rentbits for all of your rental housing needs and for all of your student housing in Boston.
Chances are you've heard Boston referred to as "the walking city." Yet walking is not the only mode of transportation in Boston. It is convenient to move around the city using the subway, buses, taxis and boats. For longer trips, Boston is home to Logan International Airport. If you have a car, chances are, you'll need to know about parking or vanpooling in the city. But if you'd rather sit back and use public transportation, you're not alone. Thousands of residents and visitors use the extensive system of MBTA trains and buses to get around the city each day. Even those who arrive into Logan International Airport will find public transportation to be a very convenient way to get into the city and surrounding areas.
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