Mass. Minimum Wage Workers Need 135-Hour Workweek to Afford Rent
With rent increasing by 6 percent year-over-year, the number of hours a minimum-wage worker would need to work to afford the median rent also increased by eight hours.
New Construction Pushed Greater Boston Rents Down in October
The drop in median rent can be credited to an increase in supply as rental stock increased across the Northeast, Realtor.com economists said.
1 in 5 Boston Apartments Still Rent for Less than $1K
Still, the share of renter households that pay under $1,000 in monthly rent is at an all-time low according to a new report from Redfin.
Asking Rent Continues to Rise in Boston
While rent seems to be stabilizing nationwide, Boston rent is on the rise: 4.2 percent year-over-year.
Report: Mass. Renter Must Make $38 per Hour to Afford Apartment
Imagine if you had to work 107-hour weeks just to afford your apartment. That’s what a minimum-wage worker in Massachusetts would need to afford a market-rate two-bedroom.
Apartment Construction Can’t Keep Up with Rents
Greater Boston’s position as one of the priciest rental markets in the U.S. appears secure, even as developers add more than 5,000 new apartments to the local inventory this year.
Developer Says Lull in Apartment Supply Drives Rent Increases
One of Greater Boston’s largest publicly traded apartment landlords is projecting larger rent increases for the rest of the year in its 6,346-unit local portfolio.
Boston Rents Up 6 Percent in Last 12 Months
Residential rents in the city of Boston have risen by 6 percent in the last 12 months to $2,400 per month, according to a new report by apartment listing service Zumper.
