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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 Sale
122
Airbnb Properties
1,291
Rental Properties
10,589
Traditional Vacancy rate
2.80%
Airbnb Occupancy Rate
64.65%
Mashmeter
79.29%
Median Price
$957,228
Median Rent Price
$2,865
Price/sqft
$722
Median Days on Market
77
Price to Rent Ratio
29.7
Average Cap Rate
Airbnb
1.77%
Traditional
0.61%
Average Rental Income
Airbnb
$4,201
Traditional
$2,688
 
Median Household Income
$85,691
Population
685,094
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$3,079$3,320$4,261$5,608$7,326
Traditional$1,971$2,167$2,724$3,321$3,226
Boston, MA - Homes for Sale - Newly Listed
Investment Properties for Sale
$475,000
MLS 72565379
315 Forest Hills #1
Boston, MA 2130
Jamaica Plain
Condo/Coop
2 beds1 baths1,030 sq.ft.
CAP RATE
Trad. 1.79%Airbnb 3.31%
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. 4.43%Airbnb 7.00%
Investment Properties for Sale
$1,575,000
MLS 72563839
25 Piedmont #1
Boston, MA 2116
Bay Village
Condo/Coop
2 beds2 baths1,163 sq.ft.
CAP RATE
Trad. -0.31%Airbnb 0.69%
Investment Properties for Sale
$799,000
MLS 72563302
1 Worcester Sq #3
Boston, MA 2118
South End
Condo/Coop
2 beds1 baths947 sq.ft.
CAP RATE
Trad. 0.83%Airbnb 1.95%
Top Performing Boston Properties
Investment Properties for Sale
$539,000
MLS 72516068
127 Marcella St #3
Boston, MA 2119
Mission Hill
Condo/Coop
3 beds1 baths1,000 sq.ft.
CAP RATE
Trad. 2.66%Airbnb 7.96%
Investment Properties for Sale
$499,000
MLS 72501299
2 Webster Avenue
Boston, MA 2128
North End
Single Family Residential
3 beds2 baths1,335 sq.ft.
CAP RATE
Trad. 2.31%Airbnb 7.04%
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. 4.43%Airbnb 7.00%
Investment Properties for Sale
$299,900
MLS 72550611
14 Heron Street #209
Boston, MA 2132
West Roxbury
Condo/Coop
2 beds1 baths872 sq.ft.
CAP RATE
Trad. 3.35%Airbnb 6.21%
Recently Sold Homes in Boston, MA
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
Investment Properties for Sale
$585,000
MLS 72479989
76 Hamilton Street
Boston, MA 2125
Roxbury
Multi Family
4 beds2 baths2,000 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$779,000
MLS 72565269
23-25 Raldne Rd
Boston, MA 2136
Hyde Park
Multi Family
6 beds4 baths2,226 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$1,399,000
MLS 72562791
6 Bucknam St
Boston, MA 2120
Mission Hill
Multi Family
8 beds3 baths4,110 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
Investment Properties for Sale
$999,000
MLS 72550977
21 Rushmore St
Boston, MA 2135
Brighton
Multi Family
6 beds2 baths3,234 sq.ft.
CAP RATE
Trad. -1.03%Airbnb N/A
Homes Below Median Price in the Boston, MA Real Estate Market
Investment Properties for Sale
$539,000
MLS 72516068
127 Marcella St #3
Boston, MA 2119
Mission Hill
Condo/Coop
3 beds1 baths1,000 sq.ft.
CAP RATE
Trad. 2.66%Airbnb 7.96%
Investment Properties for Sale
$499,000
MLS 72501299
2 Webster Avenue
Boston, MA 2128
North End
Single Family Residential
3 beds2 baths1,335 sq.ft.
CAP RATE
Trad. 2.31%Airbnb 7.04%
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. 4.43%Airbnb 7.00%
Investment Properties for Sale
$299,900
MLS 72550611
14 Heron Street #209
Boston, MA 2132
West Roxbury
Condo/Coop
2 beds1 baths872 sq.ft.
CAP RATE
Trad. 3.35%Airbnb 6.21%
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
$80 per night
Entire home/apt · 1 bed
Architects Live-in Studio in Boston
666
Boston Airbnb
$143 per night
Boston Airbnb
$147 per night
Boston Airbnb
$152 per night
Entire home/apt · 1 bed
Designer 1BR North End Modern Cove
484
Boston, MA Homes for Rent
Investment Properties for Sale
$2,500
MLS 72565329
4 Thane St #3
Boston, MA
South Dorchester
Other
4 beds1 baths1,300 sq.ft.
Investment Properties for Sale
$2,300
MLS 72565276
21 Hallowell St #1
Boston, MA
Mattapan
Other
3 beds1 baths1,144 sq.ft.
Investment Properties for Sale
$10,900
MLS 72565508
100 Belvidere #11C
Boston, MA
Back Bay
Other
2 beds2 baths1,702 sq.ft.
Investment Properties for Sale
$1,850
MLS 72563817
32 Pierce Ave #2
Boston, MA
South Dorchester
Other
2 beds1 baths1,050 sq.ft.
Boston, MA Open Houses
Investment Properties for Sale
Open 12 PM to 1:30 PM
$475,000
MLS 72565379
315 Forest Hills #1
Boston, MA 2130
Jamaica Plain
Condo/Coop
2 beds1 baths1,030 sq.ft.
CAP RATE
Trad. 1.79%Airbnb 3.31%
Investment Properties for Sale
Open 11 AM to 1 PM
$699,000
MLS 72564915
150 Staniford Street #520
Boston, MA 2114
West End
Condo/Coop
2 beds1 baths1,131 sq.ft.
CAP RATE
Trad. 4.43%Airbnb 7.00%
Investment Properties for Sale
Open 11 AM to 12:30 PM
$1,575,000
MLS 72563839
25 Piedmont #1
Boston, MA 2116
Bay Village
Condo/Coop
2 beds2 baths1,163 sq.ft.
CAP RATE
Trad. -0.31%Airbnb 0.69%
Investment Properties for Sale
Open 11:30 AM to 1 PM
$799,000
MLS 72563302
1 Worcester Sq #3
Boston, MA 2118
South End
Condo/Coop
2 beds1 baths947 sq.ft.
CAP RATE
Trad. 0.83%Airbnb 1.95%
Best Boston Neighborhoods for Buying Investment Property
87%
Mashmeter
property price
$2,562,000
Median
cap rate
1.94%
Traditional
2.80%
Airbnb
rental income
$4,138
Traditional
$5,968
Airbnb
homes for sale
2
occupancy rate
67%
Airbnb
87%
Mashmeter
property price
$899,900
Median
cap rate
4.20%
Traditional
7.75%
Airbnb
rental income
$3,153
Traditional
$5,814
Airbnb
homes for sale
5
occupancy rate
67%
Airbnb
86%
Mashmeter
property price
$889,000
Median
cap rate
3.94%
Traditional
7.52%
Airbnb
rental income
$2,922
Traditional
$5,571
Airbnb
homes for sale
3
occupancy rate
69%
Airbnb
86%
Mashmeter
property price
$1,012,000
Median
cap rate
3.95%
Traditional
6.83%
Airbnb
rental income
$3,335
Traditional
$5,764
Airbnb
homes for sale
2
occupancy rate
67%
Airbnb
84%
Mashmeter
property price
$1,390,000
Median
cap rate
2.60%
Traditional
4.15%
Airbnb
rental income
$3,013
Traditional
$4,813
Airbnb
homes for sale
1
occupancy rate
67%
Airbnb
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