Market Report: Allston Average Rent Prices

Allston MA has been particularly affected by some of the housing market issues we’ve seen in Boston due to the pandemic. In this brief research piece were are going assess the apartment rental market in Allston, MA and how its average rent prices have performed. Allston is a neighborhood where the housing market is heavily dependent on student off-campus housing.

Availability and Vacancy in Allston Have Increased Nearly all of the neighborhoods in Boston have seen multiple figure YOY increases in both real-time availability rate (RTAR) and real-time vacancy (RTVR). To be more precise, the RTAR for all of Greater Boston was +104.36 YOY which is further broken down as +111.09% for the City of Boston and +91.15% for the suburbs of Boston. On the other hand, the RTVR in all of Greater Boston went up by +198.46% which when separated by city limits, the vacancy rate increased by +232.28% in the City of Boston and +154.14% in the suburbs of Boston. If we were to compare this to the YOY changes in RTAR and RTVR of Allston, you will get a YOY RTAR of +162.43% and a YOY RTVR of +639.74%, Both of these figures are much higher than the total figures for the whole of Boston.

Original Source: https://timebusinessnews.com/market-report-allston-average-rent-prices/?utm_source=medium&utm_medium=social&utm_campaign=Content&utm_term=company-page

--

--

--

Husband, Dad, Marketing Pro, SEO Gun for Hire, and Creator of Killer Content. Owner of ProSource Media.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

We have a certain set of values that we aspire to, and we live up to

DataCamp — Are you using it the right way?

Capstone Project:  Best Places to Travel & Eat in London for First-time Visitor

Master analytics to succeed in your business

Longform Audio Classification in Fastaudio

Visualize Similarities Between Companies With Graph Database

OSINT: Analyzing Court Documents

Why Apache Spark Is Fast and How to Make It Run Faster

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Zachary Parker

Zachary Parker

Husband, Dad, Marketing Pro, SEO Gun for Hire, and Creator of Killer Content. Owner of ProSource Media.

More from Medium

Everything You Need to Know About Games as A Service

BLOCKCHAIN CONSENSUS MECHANISMS EXPLAINED LIKE A 9YR OLD

PROOF OF WORK: DEFINITION AND HOW IT WORKS

A Greener Future for Crypto and Blockchain