Massachusetts Realty

Written by Helen Glenn Court
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At last official tally, in 2000, the median price on residential Massachusetts realty was $192,000. Another way of putting this is that the price of a house (or condo) in Massachusetts in 2000 was about $200,000. Yet another is to say that of the property values put on each of the 2.5 million residences across Massachusetts, the one in the middle was $192,000.

Massachusetts realty, to put it even more simply, isn't cheap. Statistically speaking, property values in Massachusetts, specifically Boston, rank third nationwide. Only San Francisco and Honolulu real estate is more expensive.

Specifics on Massachusetts Realty

Presumably you are thinking about buying in Massachusetts. It's a good investment, even if it is a bit pricey. Interest rates remain low. Real estate rarely evaporates. You might be thinking of either a condominium on Cape Cod, or a cottage in the Berkshires. Then again, somewhere within the reach of Greater Boston is by all odds the most likely. The Massachusetts Bay Transit Authority has as wide a reach as Boston, as its online map system reveals. Moving about by public transport is easy and quick.

Massachusetts realty in the city of Boston consumes 48.4 square acres, which are filled with 600,000 people and roughly a quarter of a million residences. Two-thirds of those are tenant occupied. The realistic purchase price range (forget the median for a moment) is from $200,000 to $500,000. The embrace of rents is a bit more fluid, but the bulk ranged from $700 to $1,500 a month.

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