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Boston is the state capital and largest city in Massachusetts. It is the most populous city in the New England region, with nearly 700,000 residents. Home to almost 4.9 million residents, Greater Boston ranks as the 10th largest metro area in the US. Despite the slower overall population growth rate, Boston has been experiencing colossal growth lately thanks to an immigration boom. This growth, along with the fact that 67.2% of the residents are renters rather than homeowners (according to NeighborhoodScout), make the Boston real estate market an ideal location for rental property investments.

Boston is regarded as the unofficial capital of New England for the economic and cultural impact it has on the entire region. It enjoys a diverse economic base, a high concentration of educated millenials, as well as an employment growth rate that is comparable to the national level. Home to prestigious universities such as MIT and Harvard, the city is one of the world’s best-known academic hubs. Nearly 100 colleges and universities are located in the Greater Boston area, attracting more than 350,000 students from all over the world and bringing a total of $4.8 billion annually to the local economy. Some of the nation’s most well-regarded teaching hospitals are based in Boston, including Brigham and Women’s Hospital, Massachusetts General Hospital, and Beth Israel Deaconess Medical Center.

Boston is a world leader in innovation and entrepreneurship as it offers entrepreneurs a friendly environment for starting a business and launching new startups. The metropolitan area is home to a number of Fortune 500 company headquarters, including well-recognized names such as General Electric and Raytheon. The financial services industry is important to Boston; the city’s financial district includes some of the country’s largest banks, mutual funds, and insurance firms. Tourism is also a major contributor to the economy. Millions of tourists flock to the Beantown each year to visit historic sites relating to the American Revolution, such as the Freedom Trail and the Boston National Historical Park. Boston’s economic base also includes biotechnology, information technology, government activities, professional and business services, manufacturing, retail, and trade. 


The Boston real estate market was named one of the Top 10 U.S. Markets to Watch by PWC for the second year in a row, in its annual Emerging Trends in Real Estate: United States and Canada 2019 report. It is the highest-ranked gateway market in this year’s survey, meaning it’s the top market where real estate investments are safe and have high rates of return. According to the report, Boston is at the center of several real estate trends, like redevelopment, technology, and sustainability, and offers a number of opportunities for investment and development.

Boston Realtors and Real Estate Agents


Boston  Real Estate Investment Performance
Facts and Market Trends in Boston
Homes For Sale147
Airbnb Properties1,549
Rental Properties6,470
Traditional Vacancy rate2.80%
Airbnb Occupancy Rate65.19%
Mashmeter76.61%
Median Price$1,003,834
Median Rent Price$2,754
Price/sqft$693
Median Days on Market81
Price to Rent Ratio29.4
Average Cap Rate
Airbnb1.95%
Traditional0.72%
Average Rental Income
Airbnb$4,205
Traditional$2,827
 
Median Household Income$85,691
Population685,094
Transportation in Boston
81 / 100
Very Walkable
72 / 100
Excellent Transit
69 / 100
Bikeable
Boston  Rent Prices
RENTAL STRATEGY STUDIOS 1 ROOM 2 ROOMS 3 ROOMS 4 ROOMS
Airbnb$2,950$3,313$4,257$5,024$7,299
Traditional$1,825$2,166$3,132$3,569$4,035
Boston, MA - Homes for Sale - Newly Listed
Investment Properties for Sale
$629,900
MLS 72592091
90 Easton Street #1
Boston, MA 2134
Allston
Condo/Coop
2 beds2 baths1,039 sq.ft.
CAP RATE
Trad. 0.53%Airbnb 2.96%
Investment Properties for Sale
$379,900
MLS 72592257
55 Selwyn #3
Boston, MA 2131
Roslindale
Condo/Coop
2 beds1 baths1,253 sq.ft.
CAP RATE
Trad. 0.74%Airbnb 3.11%
Investment Properties for Sale
$899,999
MLS 72591722
55 Boylston Street
Boston, MA 2130
Jamaica Plain
Single Family Residential
3 beds2 baths1,654 sq.ft.
CAP RATE
Trad. 1.03%Airbnb 1.22%
Investment Properties for Sale
$589,000
MLS 72591838
34 Mitchell St #2
Boston, MA 2127
South Boston
Condo/Coop
2 beds2 baths708 sq.ft.
CAP RATE
Trad. 1.38%Airbnb 3.55%
Top Performing Boston Properties
Investment Properties for Sale
$699,000
MLS 72564915
150 Staniford Street #520
Boston, MA 2114
West End
Condo/Coop
2 beds1 baths1,131 sq.ft.
CAP RATE
Trad. 3.16%Airbnb 6.65%
Investment Properties for Sale
$359,900
MLS 72571536
139 Intervale St #1
Boston, MA 2121
Roxbury
Condo/Coop
2 beds1 baths648 sq.ft.
CAP RATE
Trad. 1.27%Airbnb 5.55%
Investment Properties for Sale
$450,000
MLS 72586347
41 Woodville St #2
Boston, MA 2119
Roxbury
Other
2 beds1 baths940 sq.ft.
CAP RATE
Trad. 1.62%Airbnb 5.07%
Investment Properties for Sale
$219,900
MLS 72589683
198 Allston Street #3
Boston, MA 2135
Brighton
Condo/Coop
1 beds1 baths318 sq.ft.
CAP RATE
Trad. 3.45%Airbnb 4.92%
Recently Sold Homes in Boston, MA
Investment Properties for Sale
$760,000
MLS 72485082
8-9 Greenville Pk
Boston, MA 2119
Hyde Park
Multi Family
8 beds2 baths2,420 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$699,900
MLS 72579953
29-31 Angell St
Boston, MA 2124
Mattapan
Multi Family
5 beds3 baths3,171 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$644,999
MLS 72573665
6 Otisfield St
Boston, MA 2121
Roxbury
Multi Family
5 beds2 baths2,594 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$1,199,900
MLS 344
344 Saratoga St
Boston, MA 2128
East Boston
Multi Family
16 beds4 baths4,412 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Property Value Changes and Real Estate Appreciation in the Boston Housing Market
Investment Property in Boston, MA | Real Estate Investing in Boston
Boston, MA Top Multi Family Homes
Investment Properties for Sale
$2,995,000
MLS 72272074
105 Revere St
Boston, MA 2114
Beacon Hill
Multi Family
3 beds3 baths2,777 sq.ft.
CAP RATE
Trad. -0.78%Airbnb N/A
Homes Below Median Price in the Boston, MA Real Estate Market
Investment Properties for Sale
$699,000
MLS 72564915
150 Staniford Street #520
Boston, MA 2114
West End
Condo/Coop
2 beds1 baths1,131 sq.ft.
CAP RATE
Trad. 3.16%Airbnb 6.65%
Investment Properties for Sale
$359,900
MLS 72571536
139 Intervale St #1
Boston, MA 2121
Roxbury
Condo/Coop
2 beds1 baths648 sq.ft.
CAP RATE
Trad. 1.27%Airbnb 5.55%
Investment Properties for Sale
$450,000
MLS 72586347
41 Woodville St #2
Boston, MA 2119
Roxbury
Other
2 beds1 baths940 sq.ft.
CAP RATE
Trad. 1.62%Airbnb 5.07%
Investment Properties for Sale
$219,900
MLS 72589683
198 Allston Street #3
Boston, MA 2135
Brighton
Condo/Coop
1 beds1 baths318 sq.ft.
CAP RATE
Trad. 3.45%Airbnb 4.92%
Boston Airbnb Growth and Regulations

The Airbnb industry in Boston is booming. Out of a total of 1.2 million Airbnb guests in the state in 2018, 465,500 people stayed in Airbnb rentals in the Boston area. The local Airbnb hosts earned a total of $101.9 million, which accounted for 40% of Massachusetts’ total Airbnb income. 

In 2018, a citywide ordinance established new guidelines and regulations for short-term rentals in Boston. Airbnb Boston hosts renting out their home for 28 days or less are required to register with the city and pay the same 5.7% state tax as hotels. Under the new law, the person operating a short-term rental must actually live at the address, meaning that non-owner occupied short-term rentals are illegal. Airbnb Boston owner-operators are allowed to list either a room within their primary residence (Limited Share Unit), an entire unit available for short-term rental at their primary residence (Home Share Unit), or an adjacent unit within an owner-occupied two- or three-unit multi family home (Owner Adjacent Unit).  

Short-term rental registration costs $25 for Limited Share Units, and $200 for both Home Share Units and Owner Adjacent Units, and is valid for one year. Hosts must also obtain a Business Certificate through the City Clerk’s office at a fee of $65 for Massachusetts residents and $100 for non-residents, valid for 4 years. Violation of the Airbnb regulations could result in fines.

Boston, MA Top Airbnb Homes
Boston Airbnb
$150 per night
Boston Airbnb
$148 per night
Boston Airbnb
$132 per night
Boston Airbnb
$116 per night
Entire home/apt · 1 bed
Private Apartment- Minutes from T!
501
Boston, MA Homes for Rent
Investment Properties for Sale
$2,200
MLS 72591832
9 Abbotsford St #1
Boston, MA
Roxbury
Other
2 beds1 baths1,167 sq.ft.
Investment Properties for Sale
$2,000
MLS 72590644
Investment Properties for Sale
$2,450
MLS 72590308
7 Mendelssohn St #1
Boston, MA
Roslindale
Other
3 beds1 baths1,515 sq.ft.
Investment Properties for Sale
$3,300
MLS 72590053
42 Highland St #1
Boston, MA
Mission Hill
Other
3 beds4 baths1,931 sq.ft.
Boston, MA Open Houses
Investment Properties for Sale
Open 11 AM to 12:30 PM
$629,900
MLS 72592091
90 Easton Street #1
Boston, MA 2134
Allston
Condo/Coop
2 beds2 baths1,039 sq.ft.
CAP RATE
Trad. 0.53%Airbnb 2.96%
Investment Properties for Sale
Open 12 PM to 2 PM
$379,900
MLS 72592257
55 Selwyn #3
Boston, MA 2131
Roslindale
Condo/Coop
2 beds1 baths1,253 sq.ft.
CAP RATE
Trad. 0.74%Airbnb 3.11%
Investment Properties for Sale
Open 2 PM to 3 PM
$899,999
MLS 72591722
55 Boylston Street
Boston, MA 2130
Jamaica Plain
Single Family Residential
3 beds2 baths1,654 sq.ft.
CAP RATE
Trad. 1.03%Airbnb 1.22%
Investment Properties for Sale
Open 12 PM to 1:30 PM
$589,000
MLS 72591838
34 Mitchell St #2
Boston, MA 2127
South Boston
Condo/Coop
2 beds2 baths708 sq.ft.
CAP RATE
Trad. 1.38%Airbnb 3.55%
Best Boston Neighborhoods for Buying Investment Property
87%
Mashmeter
property price
$1,400,000
Median
cap rate
3.24%
Traditional
4.76%
Airbnb
rental income
$3,783
Traditional
$5,559
Airbnb
homes for sale
5
occupancy rate
69%
Airbnb
87%
Mashmeter
property price
$899,900
Median
cap rate
4.25%
Traditional
7.30%
Airbnb
rental income
$3,189
Traditional
$5,472
Airbnb
homes for sale
3
occupancy rate
68%
Airbnb
87%
Mashmeter
property price
$885,000
Median
cap rate
3.76%
Traditional
7.41%
Airbnb
rental income
$2,776
Traditional
$5,468
Airbnb
homes for sale
4
occupancy rate
70%
Airbnb
85%
Mashmeter
property price
$875,000
Median
cap rate
4.45%
Traditional
7.08%
Airbnb
rental income
$3,244
Traditional
$5,162
Airbnb
homes for sale
3
occupancy rate
70%
Airbnb
82%
Mashmeter
property price
$1,000,000
Median
cap rate
3.65%
Traditional
6.74%
Airbnb
rental income
$3,044
Traditional
$5,618
Airbnb
homes for sale
1
occupancy rate
71%
Airbnb