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Where Rents are Out of Control

Posted by Scott Van Voorhis June 25, 2014 10:41 AM

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Some of the Boston-area's least affluent zip codes are getting hit with the steepest rental hikes.

Roxbury led Boston area with an 18.8 percent increase over the past year, with the median apartment rent hitting $2,200, Zillow reports. That's followed by Mattapan, which saw a 16.4 percent leap, to $1,750, and North Dorchester, where the median rent is now $2,250 after an 11.6 percent jump.

And let's not forget East Boston. Rents in Eastie surged 10 percent, to $2,000, according to Zillow.

More signs of the rampant gentrification that is remaking Boston? Certainly seems so to me.

Check out this listing for a snazzy one bedroom at 63 Maverick Square in Eastie, billed as the "coolest loft space in the entire city."

It's on the market for $2,200 - about what I pay on the mortgage of my four bedroom home in Natick.

For the family minded, there is a second "smaller space for office or nursery." Good luck with that.

East Boston rental, Maverick Square.jpg

Here's the description - I've lifted it from the listing.

The coolest loft space in the entire city for the money! Beautifully renovated and sun-filled loft unit located in former furniture warehouse. One large bedroom with second smaller space for office or nursery. Unique character with soaring ceilings, open floor plan, hardwood flooring, and great storage throughout. Updated kitchen with stainless steel appliances including dishwasher, mahogany cabinets and granite counter tops. Deeded parking space with direct back door access and three guest parking spaces. Two common area patios and gardens and in-building laundry. Commuter's dream in c...entral Maverick Square location, literal steps from the Maverick T Stop and with easy access to the Mass Pike and I-93.


This blog is not written or edited by Boston.com or the Boston Globe.
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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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