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 Type | 8.30% |
| One Bedroom | 28% |
| Two Bedrooms | 32.10% |
| Three Bedrooms | 21.30% |
| Four Bedrooms | 6.70% |
| Five Bedrooms or more | 3.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $190,600 |
| Median Price asked for vacant units | $202,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.18 |
| Median year structure was built | 1944 |
| Median Monthly Rent asked for vacant units | $725 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 7.90% |
| Simple Mortgage | 54.90% |
| Debt Free | 29.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.7% |
