Report: Boston becomes the 2nd most expensive city in U.S.
Rent prices have been going up the past couple of years, and according to a report released by Zumper, Boston jumped to second place in most expensive cities in the U.S.
The report took a closer look at home-rental prices across the country.
The median for one-bedroom rent in Boston is $3,060, this number caused Boston to surpass San Francisco who previously had the second-place spot.
Rent for a one-bedroom apartment jumped 5.9% over the last month. Boston’s two-bedroom median is now $3,500, a 4.2% increase over last month.
The increase in these numbers is “shining a light” on the Boston’s ongoing housing crisis.
According to the report, “New inventory coming online is skewed towards the luxury market, pushing median asking prices even higher.”
Among Boston, the most expensive cities are:
New York, NY
Boston, MA
San Francisco, CA
San Jose, CA
Miami FL
San Diego, CA
Los Angeles, CA
Washington, DC
Oakland, CA
Santa Ana, CA
To see the full report and other factors that were looked at, click the link here.
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