Renting in South Boston Here’s What An Apartment Will Cost You
#RentPrice in #SouthBoston has dropped slightly, but holding strong compred to other #Boston #neighborhoods. See what’s in store for 2021 in our #realestate #guestpost.
Like all real estate markets in the United States, Boston has been hit by the pandemic and its associated consequences. Boston, which isthe most populous city inNew England, has experienced a varied impact among its many neighborhoods. In this article, we are going to be paying particular attention to the average rent prices in the South Boston district.
The Current State of South Boston’s Apartment Rental Market The South Boston apartment rental market is and always has been insulated from the normal turbulence of the Boston apartment supply. Given its low student population, it does not see the normal apartment turnover that usually occurs in September when the fall semester begins. For that reason, South Boston’s YOY vacancy rate increase of 116.42% pails in comparison to the City-wide YOY increase of 422.83%.