Rent to own Homes in Boston, MA
Renowned as a city of innovation and frequently called the "Athens of America," Boston is ranked as having one of the highest livability scores in the USA, as well as a high cost of living. Founded on the Shawmut Peninsula in 1630 by Puritans from England, Boston is one of the oldest cities in the US. The city has some of the best hospitals and universities in the world and charms visitors from all over the globe with its cultural attractions and historic sights. From Faneuil Hall to the Freedom Trail, Boston is one of the most popular cities in the US to live in.
Boston, MA is a great place for affordable rent-to-own homes! With a median household income of over $76,298 and a median rent of $1,685, the Boston, MA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Boston, MA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Boston, MA Property Resources
Rent to own Homes in Cities Near Boston, MA
- Abington
- Andover
- Arlington
- Avon
- Bedford
- Belmont
- Beverly
- Boxford
- Braintree Town
- Brockton
- Burlington
- Carlisle
- Chelsea
- East Bridgewater
- East Weymouth
- Everett
- Georgetown
- Hanson
- Hingham
- Holbrook
- Hull
- Lawrence
- Lincoln
- Lynn
- Lynnfield
- Malden
- Marblehead
- Medford
- Melrose
- Methuen Town
- Middleton
- Nahant
- North Reading
- North Scituate
- Peabody
- Reading
- Revere
- Saugus
- Somerville
- Southfield
- Stoneham
- Swampscott
- Tewksbury
- Topsfield
- Wakefield
- West Concord
- Westford
- Wilmington
- Winchester
- Woburn
Neighborhoods in Boston, MA
Fenway - Kenmore - Audubon Circle - Longwood rent to own homes Mission Hill rent to own homes North Allston rent to own homes Fairmount Hills rent to own homes Readville rent to own homes Georgetown rent to own homes Stony Brook - Cleary Square rent to own homes Bellevue Hill rent to own homes West Street - River Street rent to own homes Upper Washington - Spring Street rent to own homesBuying a Home in Boston, MA
Boston, MA is seeing rapid growth and Boston, MA's' housing market remains not optimal with an average home price that is 167% above the 2024 national average. Boston, MA is part of Suffolk county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Suffolk is 0.78% which is below the national average, which is 0.99%.
Median Home Price in Boston, MA
Median Rent in Boston, MA
Top Reasons to Live in Boston MA
Housing in Boston Demand for housing, including rent to own housing, is high in Boston, and the median home sale price is $430,000 based on 2,015 sales. Although this represents a decrease from 2012, the market is busy with 830 properties on sale and around 600 with foreclosure and bank-owned status. During August 2013, the average home listing price in Boston was $1,170,622, with an average price per square foot of $456. Rental prices in Boston average $1,300 per month in areas like Cambridge, and increase in Downtown Boston and Back Bay to around $2,100. In Boston, the vacancy rate of apartments stands at 3.8 percent based on listings of 6,9000 homes and an available stock of 3,200. There is also a high residential turnover in Boston because the academic institutions and innovative businesses attracting short-term residents. The Boston Housing Association manages the public apartments and houses in the city.
Local Sports Boston has some excellent sporting events, teams, and facilities and is the ideal place to live for sports enthusiasts and people who care about their health and well-being. This is a city with some of the best sports teams in the world. Of the four major professional sports leagues in North America, The Boston Red Sox (baseball), The New England Patriots (football), The Boston Bruins (hockey), and the Boston Celtics (basketball) all play in the city. In addition, the many colleges and universities have their own athletics teams to cheer for. One of the best-known sporting events in Boston is the famous Boston Marathon, which is held on Patriot's Day each year. People come from all over the world to run, and it is one of the most popular marathons in the US. Another well-known event in Boston is the Head of the Charles Regatta, which is held in October. For the ordinary Bostonian, there are endless opportunities to participate in sport. From sailing in Massachusetts Bay to rowing on the Charles River and going for a run on Boston Common, the outdoors are perfect for sports. There are local swimming and walking clubs, too, and these are an excellent way for a newcomer to the city to get to know people.
Local Events and Festivals Boston has something happening all year round, ranging from free events to major conferences and performances. First Night on New Year's Eve features fireworks over Boston Harbor. The city also sponsors Neighborhood Pride events, which bring local communities together so people can get to know their neighbors. Summer Arts Weekend is a celebration of art and culture, while the larger Boston Arts Festival is a vibrant affair with all sorts of performances. St Patrick's Day is celebrated in Boston and even has a parade, as well as events at local bars. In July, the Independence Day Parade is another reason to be in town. From big-city festivals to local community events, Boston has a place to go just about every week.
Neighborhoods in Boston Boston has some great neighborhoods, and all of them have their own distinctive style and community.