Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Boston, MA

Housing in Boston, MA: Rent, Home Prices & Property Tax

$2,549/mo (1 bd) in Boston. Median home $610,900. Property tax 1.04%.

Compare vs Chicago Rank metros from BostonHow we figure this

Rent (1 bd): $2,549; /mo
Buy: $4,178; Mortgage, tax, insurance
Buying costs more: $1,629; /mo

State tax and rent

To buy

20% down payment$122,180
Mortgage at 6.5%$3,089
Property tax (1.04% of value)$529/mo · $6,353/yr
Insurance and upkeep$560
Monthly total$4,178

47.9% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$1,967 left each month. About 63 months (5.3 years) to save $122,180.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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