The S&P Case Shiller Boston Home Price Index has risen steadily since February 2020. The index measures changes in the prices of existing single-family homes. The index value was equal to 100 as of January 2000, so if the index value is equal to 130 in a given month, for example, it means that the house prices have increased by 30 percent since 2000. The value of the S&P Case Shiller Boston Home Price Index amounted to nearly 335.36 in August 2024. That was above the national average.

Graph and download economic data for S&P CoreLogic Case-Shiller MA-Boston Home Price Index (BOXRSA) from Jan 1987 to Dec 2024 about Boston, NH, MA, HPI, housing, price index, indexes, price, and USA.

The U.S. housing market has slowed, after 13 consecutive years of rising home prices. In 2021, house prices surged by an unprecedented 18 percent, marking the highest increase on record. However, the market has since cooled, with the Freddie Mac House Price Index showing more modest growth between 2022 and 2024. In 2024, home prices increased by 4.2 percent. That was lower than the long-term average of 4.4 percent since 1990. Impact of mortgage rates on homebuying The recent cooling in the housing market can be partly attributed to rising mortgage rates. After reaching a record low of 2.96 percent in 2021, the average annual rate on a 30-year fixed-rate mortgage more than doubled in 2023. This significant increase has made homeownership less affordable for many potential buyers, contributing to a substantial decline in home sales. Despite these challenges, forecasts suggest a potential recovery in the coming years. How much does it cost to buy a house in the U.S.? In 2023, the median sales price of an existing single-family home reached a record high of over 389,000 U.S. dollars. Newly built homes were even pricier, despite a slight decline in the median sales price in 2023. Naturally, home prices continue to vary significantly across the country, with West Virginia being the most affordable state for homebuyers.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Boston-Cambridge-Newton, MA-NH (CBSA) (MEDLISPRIPERSQUFEE14460) from Jul 2016 to Feb 2025 about Boston, NH, MA, square feet, listing, median, price, and USA.

Analysis of ‘Boston House Prices-Advanced Regression Techniques’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/fedesoriano/the-boston-houseprice-data on 13 February 2022.

--- Dataset description provided by original source is as follows ---

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Context

The Boston house-price data of Harrison, D. and Rubinfeld, D.L. 'Hedonic prices and the demand for clean air', J. Environ. Economics & Management, vol.5, 81-102, 1978.

Attribute Information

Input features in order: 1) CRIM: per capita crime rate by town 2) ZN: proportion of residential land zoned for lots over 25,000 sq.ft. 3) INDUS: proportion of non-retail business acres per town 4) CHAS: Charles River dummy variable (1 if tract bounds river; 0 otherwise) 5) NOX: nitric oxides concentration (parts per 10 million) [parts/10M] 6) RM: average number of rooms per dwelling 7) AGE: proportion of owner-occupied units built prior to 1940 8) DIS: weighted distances to five Boston employment centres 9) RAD: index of accessibility to radial highways 10) TAX: full-value property-tax rate per $10,000 [$/10k] 11) PTRATIO: pupil-teacher ratio by town 12) B: The result of the equation B=1000(Bk - 0.63)^2 where Bk is the proportion of blacks by town 13) LSTAT: % lower status of the population

Output variable: 1) MEDV: Median value of owner-occupied homes in $1000's [k$]

Source

StatLib - Carnegie Mellon University

Relevant Papers

Harrison, David & Rubinfeld, Daniel. (1978). Hedonic housing prices and the demand for clean air. Journal of Environmental Economics and Management. 5. 81-102. 10.1016/0095-0696(78)90006-2. LINK

Belsley, David A. & Kuh, Edwin. & Welsch, Roy E. (1980). Regression diagnostics: identifying influential data and sources of collinearity. New York: Wiley LINK

--- Original source retains full ownership of the source dataset ---

United States Median Existing Home Price: MA: Boston-Cambridge-Quincy data was reported at 491.400 USD th in Sep 2018. This records a decrease from the previous number of 495.900 USD th for Jun 2018. United States Median Existing Home Price: MA: Boston-Cambridge-Quincy data is updated quarterly, averaging 337.600 USD th from Mar 1989 (Median) to Sep 2018, with 111 observations. The data reached an all-time high of 495.900 USD th in Jun 2018 and a record low of 132.800 USD th in Mar 1991. United States Median Existing Home Price: MA: Boston-Cambridge-Quincy data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s USA – Table US.EB007: Median Existing Home Price: by Metropolitan Area. Series Break/s represents unreported data from National Association of Realtors' prime source for that time period.

Graph and download economic data for Condo Price Index for Boston, Massachusetts (BOXRCSA) from Jan 1995 to Jan 2025 about Boston, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price in Middlesex County, MA (MEDLISPRI25017) from Jul 2016 to Feb 2025 about Middlesex County, MA; Boston; MA; listing; median; price; and USA.

United States Median Home Sale Price: Condo/Co-op: Boston, MA data was reported at 499.000 USD th in Jul 2020. This records a decrease from the previous number of 504.000 USD th for Jun 2020. United States Median Home Sale Price: Condo/Co-op: Boston, MA data is updated monthly, averaging 398.500 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 525.000 USD th in Jun 2019 and a record low of 260.000 USD th in Feb 2012. United States Median Home Sale Price: Condo/Co-op: Boston, MA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB056: Median Home Sale Price: by Metropolitan Areas.

The median house prices in the most expensive zip codes in New England, United States ranged from 1.9 to 2.8 million U.S. dollars. Boston (zip code 02199) was the most expensive in New England with a median house price of 2.8 million U.S. dollars. Nevertheless, that was more affordable than in the ten zip codes with the highest median house price in the entire United States.

United States Median Home Sale Price: sa: Condo/Co-op: Boston, MA data was reported at 482.000 USD th in Jul 2020. This records an increase from the previous number of 479.000 USD th for Jun 2020. United States Median Home Sale Price: sa: Condo/Co-op: Boston, MA data is updated monthly, averaging 397.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 520.000 USD th in Mar 2020 and a record low of 290.000 USD th in Mar 2012. United States Median Home Sale Price: sa: Condo/Co-op: Boston, MA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB057: Median Home Sale Price: by Metropolitan Areas: Seasonally Adjusted.

Graph and download economic data for Housing Inventory: Median Listing Price Year-Over-Year in Massachusetts (MEDLISPRIYYMA) from Jul 2017 to Feb 2025 about MA, listing, median, price, and USA.

United States Median Home Sale Price: All Residential: Boston, MA data was reported at 555.000 USD th in Jul 2020. This records an increase from the previous number of 540.000 USD th for Jun 2020. United States Median Home Sale Price: All Residential: Boston, MA data is updated monthly, averaging 419.500 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 555.000 USD th in Jul 2020 and a record low of 290.000 USD th in Feb 2012. United States Median Home Sale Price: All Residential: Boston, MA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB056: Median Home Sale Price: by Metropolitan Areas.

The Back Bay district was the most expensive real estate market for office space in Boston in the third quarter of 2024. On average, the average asking rent was about 69 U.S. dollars per square foot of office space. Downtown Boston, the market with the largest inventory of office space among Boston districts, had the second highest rent, at about 68 U.S. dollars. The gross rental rate usually includes costs for utilities and other general maintenance expenses.

Find in-season and off-season pricing for heating fuels, including heating oil, propane and wood price surveys by DOER. Links to electric and natural gas rates also available here.

West Virginia and Kansas had the lowest cost of living across all U.S. states, with composite costs being half of those found in Hawaii. This was according to a composite index that compares prices for various goods and services on a state-by-state basis. In West Virginia, the cost of living index amounted to 84.8 - well below the national benchmark of 100. Nevada - which had an index value of 100.1 - was only slightly above that benchmark. Expensive places to live included Hawaii, Massachusetts, and California Housing costs in the U.S. Housing is usually the highest expense in a household’s budget. In 2023, the average house sold for approximately 427,000 U.S. dollars, but house prices in the Northeast and West regions were significantly higher. Conversely, the South had some of the least expensive housing. In West Virginia, Mississippi, and Louisiana, the median price of the typical single-family home was less than 200,000 U.S. dollars. That makes living costs in these states significantly lower than in states such as Hawaii and California, where housing is much more expensive. What other expenses affect the cost of living? Utility costs such as electricity, natural gas, water, and internet also influence the cost of living. In Alaska, Hawaii, and Connecticut, the average monthly utility cost exceeded 500 U.S. dollars. That was because of the significantly higher prices for electricity and natural gas in these states.

Graph and download economic data for Housing Inventory: Median Listing Price in Suffolk County, MA (MEDLISPRI25025) from Jul 2016 to Feb 2025 about Suffolk County, MA; Boston; MA; listing; median; price; and USA.

United States Median Home Sale Price: sa: Single Family: Boston, MA data was reported at 539.000 USD th in Jul 2020. This records an increase from the previous number of 521.000 USD th for Jun 2020. United States Median Home Sale Price: sa: Single Family: Boston, MA data is updated monthly, averaging 420.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 551.000 USD th in Apr 2020 and a record low of 337.000 USD th in Feb 2012. United States Median Home Sale Price: sa: Single Family: Boston, MA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB057: Median Home Sale Price: by Metropolitan Areas: Seasonally Adjusted.

This dataset provides information about the number of properties, residents, and average property values for Rogers Trail cross streets in South Boston, VA.

This map shows a comparable measure of crime in the United States. The crime index compares the average local crime level to that of the United States as a whole. An index of 100 is average. A crime index of 120 indicates that crime in that area is 20 percent above the national average.The crime data is provided by Applied Geographic Solutions, Inc. (AGS). AGS created models using the FBI Uniform Crime Report databases as the primary data source and using an initial range of about 65 socio-economic characteristics taken from the 2000 Census and AGS’ current year estimates. The crimes included in the models include murder, rape, robbery, assault, burglary, theft, and motor vehicle theft. The total crime index incorporates all crimes and provides a useful measure of the relative “overall” crime rate in an area. However, these are unweighted indexes, meaning that a murder is weighted no more heavily than a purse snatching in the computations. The geography depicts states, counties, Census tracts and Census block groups. An urban/rural "mask" layer helps you identify crime patterns in rural and urban settings. The Census tracts and block groups help identify neighborhood-level variation in the crime data.------------------------The Civic Analytics Network collaborates on shared projects that advance the use of data visualization and predictive analytics in solving important urban problems related to economic opportunity, poverty reduction, and addressing the root causes of social problems of equity and opportunity. For more information see About the Civil Analytics Network.