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Most Expensive Suburbs to Rent An Apartment in Boston

https://bostonpads.com/blog/boston-rental-market/most-expensive-suburbs-to-rent-an-apartment-in-boston/ Over the past few decades, Greater Boston has recorded some of the nation’s fastest rent price growth in the country. Thanks to increasing enrollment at local universities and a growing population, rent prices have skyrocketed in many of metro Boston’s neighborhoods. This trend has affected the entire metropolitan area, not just the city of Boston. Renters can find more affordable apartments in the suburbs away from the city center in some areas. However, some of Boston’s suburbs are in very high demand and are every bit as expensive as Boston proper. In this article, we’ll have a look at the most expensive Boston suburbs to rent an apartment.

Boston Suburbs With The Worst Average Cap Rates

https://rgvinvest.com/boston-suburbs-with-the-worst-average-cap-rates/ Generally speaking, Boston’s suburbs have some of the best cap rates among all Boston neighborhoods. Median sale prices tend to be much lower in the outskirts of the city, as they have skyrocketed in the city’s core neighborhoods over the past decade. That being said, some of Boston’s suburbs are every bit as expensive as some of the city’s premium real estate markets. These suburbs in particular,do not yield the highest cap rates on average. In our cap rate calculation, we take the average rent price times twelve to project yearly revenue. We use the median sales price for each property type as the cap rate denominator.