North End Pads, utilizing the massive Boston Pads database, has put together an infographic for average rent prices, population, and real-time vacancy rate data in the North End. This information was compiled from the Boston Pads database, which contains over 156,000 Greater Boston apartments, 500,000+ property images, and 8,000+ apartment video tours.
The averages were sourced from more than 474 local North End apartments that either were rented in the past 12 months or are currently available. The site calculated the real time vacancy rate by adding the total amount of apartments currently available as well as units that will become available over the next few months, then dividing by the total number of apartments in the database for the North End. Current population and average income data was pulled directly from the U.S. Census Bureau.
Rent prices are quite similar to the nearby neighborhoods of Beacon Hill and Charlestown. For studio apartments, renters are paying over $200 less in the North End than they are in Charlestown. However, they pay a few hundred dollars more per month for 1-bedroom, 2-bedroom, and 3-bedroom apartments in the North End compared to Charlestown average rent prices.
Beacon Hill average rent prices come in a few hundred dollars more per month when compared to the North End for smaller apartments like studios and 1-bedrooms, but very close, on average, for 2-bedroom and 3-bedroom apartments.
|
BEDROOMS |
NORTH END |
BEACON HILL |
CHARLESTOWN |
|
Studio |
$1,570.50 |
$1,801.57 |
$1,798.50 |
|
1 Bedroom |
$2,247.45 |
$2,433.63 |
$1,921.59 |
|
2 Bedrooms |
$2,934.42 |
$2,841.87 |
$2,524.79 |
|
3 Bedrooms |
$3,905.67 |
$4,085.84 |
$3,783.33 |
When it comes to rental costs, the North End is one of the more expensive neighborhoods in Boston. Out of the 22 areas calculated, the North End ranks 7th highest for 1-bedroom apartments and 5th for 2-bedroom and 3-bedroom apartments.
About Boston Pads
North End Pads is powered by the Boston Pads database. The information gathered is available through the efforts of a professional phone and data entry staff as well as licensed real estate agents that update listings seven days a week. Landlords and property managers can get a detailed look at the rental market in any neighborhood, including current rent prices, vacancy rates, trending topics, and more. Boston Pads uses this data to help local landlords optimize rental income and reduce vacancy times.
This hyper-local and data-driven approach has allowed Boston Pads to build a network of over 16,000 local landlords. Property managers and owners who list with Boston Pads ensure themselves the most comprehensive possible marketing coverage from one source. Boston Pads listings are syndicated to nearly all the national listing sites including Zillow, Craigslist, and Trulia, over 80 local real estate listing websites, and more than 100 local social media pages on Facebook, Twitter, and YouTube.
By providing the most comprehensive marketing coverage and the latest data, Boston Pads has positioned itself as the real estate and information technology leader in New England. Their platform is scalable and adaptable to any market, and can be utilized by any real estate agency or landlord looking to gain access to marketing and real estate tools to help empower all their real estate needs.
To see more average rent prices for towns in the Greater Boston Area, check out the latest Boston Pads infographic on average rent prices in Boston by town.
