LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$3,224
Monthly Cash Flow
-$1,423
Principal + Equity
$3,296
Annual Total Gain
$22,473
Cash on Cash
-8.7%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Healthiest Places to Live in America
#35out of 230 markets
Best Cities for Outdoor Activities in America
#8out of 229 markets
Best Cities for Young Professionals in America
#5out of 229 markets
C
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Boston, MA.
In Boston, MA, Short Term Rental (STR) regulations are governed by the city's Office of Housing Stability and the Department of Neighborhood Development. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Registration: All short term rental properties in Boston must be registered with the city. This includes obtaining a Short Term Rental Certificate from the city and complying with all registration requirements.
2. Occupancy limits: There are occupancy limits for short term rental properties in Boston. The maximum number of guests allowed in a property is determined by the number of bedrooms and square footage of the property.
3. Zoning regulations: Investors should be aware of the zoning regulations in the neighborhood where they are looking to purchase a property for short term rental. Some neighborhoods in Boston have restrictions on short term rentals or may require a special permit.
4. Taxes: Short term rental properties in Boston are subject to occupancy taxes, which must be collected and remitted to the city. Investors should be aware of their tax obligations and ensure they are in compliance with all tax regulations.
5. Safety regulations: Short term rental properties in Boston must meet certain safety regulations, including having working smoke detectors, carbon monoxide detectors, and fire extinguishers. Investors should ensure their property meets all safety requirements before renting it out.
6. Noise regulations: Boston has noise regulations that apply to short term rental properties. Investors should be aware of noise restrictions and ensure their guests are aware of these regulations to avoid any potential fines or penalties.
Overall, investors looking to purchase a property for short term rental in Boston should thoroughly research and understand the city's regulations and requirements to ensure they are in compliance and can operate their rental property successfully.
Market Trends Over Time
Explore 25 years of market data for Boston, MA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Boston, MA.
The LTR Genie Score of Boston, MA is 53 and STR Genie Score is 69. The LTR Rentability is moderate, indicating a decent demand for long-term rentals in the area. The LTR Rent Growth Rate is relatively low at 0.0367%, suggesting stable but slow growth in rental prices. The LTR Net ROI is 11.45%, which is a decent return on investment for long-term rental properties. On the other hand, the STR Genie Score is higher at 69, indicating a stronger potential for short-term rental or Airbnb properties in Boston. The STR Net ROI is also higher at 15.47%, showing a better return on investment compared to long-term rentals. The 1-Year Price Appreciation Forecast is 1.22%, which is a modest but positive outlook for property value growth. The STR Occupancy rate is 74.19%, indicating a high demand for short-term rentals in the area, with an average revenue of $4567.
Boston, MA is a vibrant city known for its rich history, top universities, and strong job market. The city attracts a diverse population, including students, young professionals, and families, which can create a steady demand for both long-term and short-term rental properties. The city's strong economy and cultural attractions make it a desirable location for real estate investment.
Based on the metrics provided, Boston, MA appears to be a more attractive market for short-term rental investment due to the higher STR Genie Score, better ROI, and high occupancy rate. However, long-term rental properties can still offer a decent return on investment with a moderate LTR Genie Score. Investors looking to maximize their returns may consider a combination of both long-term and short-term rental properties in Boston to diversify their portfolio and capitalize on the city's strong rental market.
