Boston Stats

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Category: Housing

Middlesex is America’s 21st Best County to Live In

An estimated 11.2% of Americans changed residences last year. Some of these left their homes for a new city, or suburb, looking for a better job and quality of life. If they moved to one of several counties, they likely have found themselves surrounded by people living rich, healthy lives, relatively free from financial struggle. […]

Why Owning a Home is Less Common in Boston

Fewer and fewer Americans have been buying homes over the last decade. Today, just 63.0% of Americans own their homes, the smallest share since 1965. In the Boston-Cambridge-Newton metro area, 61.2% of residents own their homes, lower than the national homeownership rate and the lowest of any metro area in Massachusetts. Young Americans are far […]

Massachusetts is America’s Best State to Live In

Americans often evaluate their home states according to such subjective conditions as climate preference, the presence of friends and family, and personal history. In addition to these subjective measures, more objective socioeconomic factors also contribute to life satisfaction. It is such quantitative measures that can help assess the broader quality of life in a given […]

Boston is One of the Most Crowded Cities

There are 7,980 people per square mile in the Boston-Cambridge-Newton metro area, higher than the national population density of 6,321 Americans per square mile across all U.S. metro areas. Boston also has the highest population density of any Massachusetts metro area. Population density can have a meaningful impact on home prices in an area. There […]

Why Boston is One of the Most Expensive Housing Markets

A typical home in the Boston-Cambridge-Newton, Massachusetts metro area costs $393,000, more than the national median home value of $194,500. The median home value in Boston is also higher than in Massachusetts as a whole, where the typical home is worth $352,100. Residents of areas with more expensive real estate also tend to have relatively […]

Boston is the 10th Most Expensive Housing Market in America

For the first time, the median price of a home in a U.S. metro area passed the $1 million mark. A typical home in the San Jose, California area sold in the second quarter of 2016 for $1,085,000, more than four times the national median home price of $240,700. Housing prices vary considerably between metro […]

Boston’s Homeownership Rate is Lower Than 75% Cities

Home purchases in the United States have rebounded since the the recession that began in late 2007. The residential real estate market is a major pillar of the economy and returning interest in home buying is a healthy sign of economic activity. Over the last decade, however, the homeownership rate has steadily declined — from […]

Boston is Better Than 80% of Cities for Single Mothers

Raising children on a single income is no easy feat, and single mothers in the United States struggle more than almost any other group of Americans. Still, some cities are easier for single mothers trying to make ends meet — and some cities are far worse. The costs of housing, food, childcare, and education give […]

Massachusetts Ranks 4th in Urban Living

Since 1950, Americans have increasingly chosen to live in cities. Today, 81% live in urban areas, more than even before. Urban areas, however, make up just 3% of U.S. land area. The proportion of people living in urban areas varies considerably between states. 24/7 Wall St. reviewed data from the U.S. Census to determine the […]

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