"The affordability of a condo in Boston depends on your income, other debts, and desired neighborhood, with a typical price range from affordable neighborhoods in the $600,000s to luxury condos over $2 million. A good starting point for your budget is 3 to 5 times your annual household income. In 2025, the salary needed to afford a typical Boston condo was approximately $205,253, according to one real estate source. The median condo price in Boston increased to $702,000 in December 2025."
"Most expensive: Luxury neighborhoods like the Back Bay had a median condo sale price of $1,617,500 in late 2025, with some reaching over $2 million. Mid-range: Neighborhoods like South Boston had a median sale price of $905,000 in late 2024. More affordable: As of late 2024, Dorchester and Brighton offered more affordable options, with median sale prices of $572,500 and $610,000, respectively."
"Besides location and income, other factors will determine what you can afford: Down payment: A larger down payment lowers your monthly mortgage but saving for one can be a significant challenge in Boston. Credit score: A good credit score can help secure a lower interest rate, reducing your monthly payments. Interest rates: Higher interest rates increase your monthly mortgage payments. Other costs: Don't forget to account for additional expenses such as property taxes, homeowners' association (HOA) fees, and utilities."
Affordability for a Boston condo depends on household income, existing debts, and chosen neighborhood. A practical budget guideline is three to five times annual household income. Median condo price rose to $702,000 in December 2025, and an estimated salary of about $205,253 was needed to afford a typical condo in 2025. Entry-level home affordability required roughly $162,224 as of November 2025. Neighborhood medians vary widely: Back Bay around $1,617,500, South Boston about $905,000, Dorchester $572,500, and Brighton $610,000. Down payment size, credit score, interest rates, property taxes, HOA fees, and utilities also affect affordability.
Read at Boston Condos For Sale Ford Realty
Unable to calculate read time
Collection
[
|
...
]