The Boston metropolitan area has experienced a notable population increase, reaching approximately 5.03 million in Q4 2026, which reflects a year-over-year growth rate of about 2.16%. This upward trend in population is supported by a net migration of 67,078 individuals, contributing to a robust labor market with an employment figure of approximately 2.78 million. The median household income stands at $117,825, while the unemployment rate is relatively low at 3.9%. With 39% of the population identified as renters, these demographic factors are critical demand drivers for housing in the region.
In the multifamily sector, the median gross rent is reported at $2,093, with year-over-year rent growth holding steady at 3.3%. The HUD Fair Market Rents for a two-bedroom unit are significantly lower at $1,771, indicating a disparity between subsidized benchmarks and market rents. This gap suggests ongoing affordability challenges for renters, despite the momentum in rent growth. The asking rents for various unit types further illustrate this trend, with one-bedroom units averaging $2,288 and two-bedroom units at $2,711.
Over the trailing 24 months, the Boston market has seen 2,457 transactions with a total volume of approximately $2.79 billion, resulting in a median price per unit of $369,950. This pricing is about 85% higher than the median across 50 covered markets. The multifamily cap rate is currently at 7.04%, which is roughly 30 basis points tighter than the national median. The sustained demand and relatively high transaction volume indicate a resilient market, although the affordability gap may pose challenges for future growth. CBRE Research notes that the multifamily sector remains a focal point for investors, reflecting confidence in the long-term fundamentals of the Boston market.
Figures assembled automatically from public property records, third-party listing feeds, licensed market data, and federal sources (HUD, Census, BLS).
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| Sold | Address | Type | Units | Price | $/Unit |
|---|---|---|---|---|---|
| 2025-05-23 | 510 Waltham St, Lexington, MA 02421 | Multifamily | 2 | $2.2M | $1,100,000 |
| 2025-05-22 | 31-33 Cotton Ave, Braintree, MA 02184 | Multifamily | 2 | $720K | $360,000 |
| 2025-05-21 | 60 Auburn St, Medford, MA 02155 | Multifamily | 2 | $1.3M | $649,000 |
| 2025-05-21 | 166 Town St, Braintree, MA 02184 | Multifamily | 2 | $489K | $244,500 |
| 2025-05-20 | 103 Geneva Ave, Dorchester, MA 02121 | Multifamily | 3 | $1.0M | $334,000 |
| 2025-05-20 | 9 Silver St, Somersworth, NH 03878 | Multifamily | 2 | $405K | $202,500 |
| 2025-05-20 | 38-40 Milton St, Arlington, MA 02474 | Multifamily | 2 | $1.2M | $600,000 |
| 2025-05-20 | 122 Washington St, Weymouth, MA 02188 | Multifamily | 2 | $720K | $360,000 |
| 2025-05-19 | 64 Wyman St, Jamaica Plain, MA 02130 | Multifamily | 3 | $670K | $223,333 |
| 2025-05-19 | 148-152 South St, Boston, MA 02130 | Multifamily | — | $2.3M | — |
| 2025-05-19 | 20 Tafthill Park, Roslindale, MA 02131 | Multifamily | 2 | $841K | $420,500 |
| 2025-05-19 | 68 Main St, Exeter, NH 03833 | Multifamily | 3 | $800K | $266,667 |
| 2025-05-19 | 21-21A Dacia St, Boston, MA 02125 | Multifamily | 3 | $875K | $291,667 |
| 2025-05-19 | 35-37 Larch St, Brighton, MA 02135 | Multifamily | 2 | $1.1M | $537,500 |
| 2025-05-16 | 280 Market St, Brighton, MA 02135 | Multifamily | 2 | $1.1M | $550,000 |
| 2025-05-16 | 9 Auburn St, Plaistow, NH 03865 | Multifamily | 2 | $585K | $292,500 |
| 2025-05-16 | 71 Paine St, Winthrop, MA 02152 | Multifamily | 2 | $945K | $472,500 |
| 2025-05-16 | 223 Farrington St, Quincy, MA 02170 | Multifamily | 2 | $800K | $400,000 |
| 2025-05-16 | 6 Overlook Dr, Andover, MA 01810 | Multifamily | 36 | $661K | $18,361 |
| 2025-05-16 | 129 Bridge St, Salem, MA 01970 | Multifamily | 3 | $525K | $175,000 |
| 2025-05-16 | 17 Hillsboro St, Dorchester, MA 02125 | Multifamily | 3 | $1.2M | $408,333 |
| 2025-05-16 | 174 Middlesex Ave, Medford, MA 02155 | Multifamily | 2 | $1.3M | $655,000 |
| 2025-05-16 | 95-97 Summit Ave, Winthrop, MA 02152 | Multifamily | 4 | $785K | $196,250 |
| 2025-05-16 | 35 Ashfield St, Roslindale, MA 02131 | Multifamily | 2 | $1.1M | $550,000 |
| 2025-05-16 | 14 Edward St, Medford, MA 02155 | Multifamily | 3 | $740K | $246,667 |
| 2025-05-16 | 57 Anderson St, Lowell, MA 01852 | Multifamily | 2 | $772K | $386,000 |
| 2025-05-16 | 137 Winnacunnet Rd, Hampton, NH 03842 | Multifamily | 3 | $1.1M | $350,000 |
| 2025-05-16 | 19-21 Chestnut St, Dover, NH 03820 | Multifamily | 4 | $920K | $230,000 |
| 2025-05-16 | 50-52 Adelaide Ave, Methuen, MA 01844 | Multifamily | 2 | $750K | $375,000 |
| 2025-05-16 | 16 Mount Vernon St, Peabody, MA 01960 | Multifamily | 2 | $867K | $433,500 |
| 2025-05-16 | 37 Banks St, Somerville, MA 02144 | Multifamily | 2 | $769K | $384,500 |
| 2025-05-16 | 91 Pomona St, Revere, MA 02151 | Multifamily | 2 | $955K | $477,500 |
| 2025-05-15 | 169 Bell St, Manchester, NH 03103 | Multifamily | 3 | $640K | $213,333 |
| 2025-05-15 | 1515 Commonwealth Ave, Brighton, MA 02135 | Multifamily | 79 | $1.8M | $22,407 |
| 2025-05-15 | 39-41 Bonner Ave, Medford, MA 02155 | Multifamily | 2 | $1.0M | $512,500 |
| 2025-05-15 | 61-63 Garrison Ave, Somerville, MA 02144 | Multifamily | 2 | $1.4M | $677,500 |
| 2025-05-15 | 59-61 Endicott St, Boston, MA 02113 | Multifamily | — | $4.0M | — |
| 2025-05-15 | 2-4 Middle St, Stoneham, MA 02180 | Multifamily | — | $1.3M | — |
| 2025-05-15 | 9 Chase St, Danvers, MA 01923 | Multifamily | 2 | $815K | $407,500 |
| 2025-05-15 | 25 Irving St, Somerville, MA 02144 | Multifamily | 2 | $1.5M | $765,000 |
| 2025-05-15 | 45 Dana St, Cambridge, MA 02138 | Multifamily | 10 | $5.3M | $530,000 |
| 2025-05-15 | 193 Smith St, Lowell, MA 01851 | Multifamily | 3 | $800K | $266,667 |
| 2025-05-15 | 28-28A Thornley St, Dorchester, MA 02125 | Multifamily | 2 | $650K | $325,000 |
| 2025-05-15 | 91 Fountain St, Haverhill, MA 01830 | Multifamily | 2 | $875K | $437,500 |
| 2025-05-15 | 190-192 6th St, Lowell, MA 01850 | Multifamily | 2 | $715K | $357,500 |
| 2025-05-15 | 52-54 Lyman Ave, Medford, MA 02155 | Multifamily | 2 | $1000K | $499,993 |
| 2025-05-15 | 18 Windsor Rd, Somerville, MA 02144 | Multifamily | 2 | $1.6M | $775,000 |
| 2025-05-15 | 307 Pleasant St, South Weymouth, MA 02190 | Multifamily | 2 | $825K | $412,500 |
| 2025-05-14 | 130 Centre St, Danvers, MA 01923 | Multifamily | — | $4.8M | — |
| 2025-05-14 | 28 Shapley Ave, Medford, MA 02155 | Multifamily | 2 | $1.0M | $502,500 |
Recorded multifamily sales from public property records and third-party listing feeds over the trailing 24 months — a partial sample, not an exhaustive market index. Sources & methodology →
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