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 from Jan 1987 to Dec 2024 about Boston, NH, MA, HPI, housing, price index, indexes, 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 ---

Dataset

This dataset was created by Masayu Anandita

Released under Data files © Original Authors

Contents

Graph and download economic data for Home Price Index (High Tier) for Boston, Massachusetts (BOXRHTNSA) from Jan 1987 to Jan 2025 about high tier, Boston, HPI, housing, price index, indexes, price, and USA.

Dataset

This dataset was created by Mohammad Hatoum

Contents

Dataset

This dataset was created by Minh Tùng Bùi

Released under MIT

Contents

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.

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

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.

Graph and download economic data for Condo Price Sales Pair Counts for Boston, Massachusetts (BOXRCPSNSA) from Jan 1995 to Jan 2025 about Boston, sales, HPI, housing, price index, indexes, price, and USA.

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.

The median rent for one- and two-bedroom apartments in Boston, Massachusetts, amounted to about 2,302 U.S. dollars by the end of 2023. Rents decreased slightly after the beginning of the coronavirus pandemic,this trend reversed in 2021 and as of December 2023, the annual rental growth stood at 3.32 percent. Among the different states in the U.S., Massachusetts ranks as one of the most expensive rental markets.

Boston-Brockton-Nashua, MA-NH-ME-CT (CMSA) - Consumer Price Index for All Urban Consumers: Housing in Boston-Cambridge-Newton, MA-NH (CBSA) was 307.87600 Index 1982-84=100 in January of 2021, according to the United States Federal Reserve. Historically, Boston-Brockton-Nashua, MA-NH-ME-CT (CMSA) - Consumer Price Index for All Urban Consumers: Housing in Boston-Cambridge-Newton, MA-NH (CBSA) reached a record high of 307.87600 in January of 2021 and a record low of 105.00000 in January of 1984. Trading Economics provides the current actual value, an historical data chart and related indicators for Boston-Brockton-Nashua, MA-NH-ME-CT (CMSA) - Consumer Price Index for All Urban Consumers: Housing in Boston-Cambridge-Newton, MA-NH (CBSA) - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for All-Transactions House Price Index for Suffolk County, MA (ATNHPIUS25025A) from 1975 to 2023 about Suffolk County, MA; Boston; MA; HPI; housing; price index; indexes; price; and USA.

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.

Gives property, or parcel, ownership together with value information, which ensures fair assessment of Boston taxable and non-taxable property of all types and classifications. To preserve their integrity, the identifiers PID, CM_ID, GIS_ID, ZIPCODE, and MAIL_ZIPCODE all are marked with an underscore ("_") as the last character.

Year-specific documentation for the FY2008 through FY2013 files is not currently available, but the format of those files is equivalent to that described in the FY2014 documentation.

Graph and download economic data for All-Transactions House Price Index for Essex County, MA (ATNHPIUS25009A) from 1975 to 2023 about Essex County, MA; Boston; MA; HPI; housing; price index; indexes; price; and USA.

In the last quarter of 2024, San Francisco, New York, and Honolulu were some of the U.S. cities with the highest housing construction costs. Meanwhile, Phoenix had one of the lowest construction costs for high-end multifamily homes at 280 U.S. dollars per square foot and Las Vegas for single-family homes between 235 and 470 U.S. dollars per square foot. Construction cost disparities As seen here, the construction cost for a high-end multi-family home in San Francisco in the first quarter of 2024 was over twice more expensive than in Phoenix. Meanwhile, there were also great differences in the cost of building a single-family house in New York and in Portland or Seattle. Some factors that may cause these disparities are the construction materials, installation, and composite costs, differing land values, wages, etc. For example, although the price of construction materials in the U.S. was rising at a slower level than in 2022 and 2023, several materials that are essential in most construction projects had growth rates of over five percent in 2024. Growing industry revenue Despite the economic uncertainty and other challenges, the size of the private construction market in the U.S. rose during the past years. It is important to consider that supply and demand for housing influences the revenue of this segment of the construction market. On the supply side, single-family home construction fell in 2023, but it is expected to rise in 2024 and 2025. On the demand side, some of the U.S. metropolitan areas with the highest sale prices of single-family homes were located in California, with San Jose-Sunnyvale-Santa Clara at the top of the ranking.