In 2019, the most expensive zip code in Massachusetts was 02210, and renters paid on average 4,048 U.S. dollars per month for apartments there. This zip code and many of the other high-priced zip codes were located in Boston.
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.
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Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Primary Residence in Boston-Cambridge-Newton, MA-NH (CBSA) (CUURA103SEHA) from Dec 1914 to May 2025 about Boston, ME, NH, CT, primary, MA, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.
In District of Columbia, the average rent per square foot was **** U.S. dollars in 2018, whereas renters in Oregon were expected to pay half as much in rent per square foot. DC was the most expensive state for renters, followed by New York, Hawaii, Massachusetts and California. Why is DC so expensive? District of Columbia is the center of the U.S. political system with all three branches of federal government sitting there: Congress (legislative), President (executive) and the Supreme Court (judicial). The above average household incomes of its residents mean that high rents are still sustainable for the rental market. Limited space in DC DC has the largest share of apartment dwellers in the country. This is most likely due to limited space, as the federal district has a much higher population density than the states. The political importance of DC and the high population density suggest that the federal district is likely to retain its spot as the most expensive rental market in the future.
The average monthly asking rent for shopping center space in Boston, Massachusetts, increased between 2020 and 2024. Rents peaked at ***** U.S. dollars per square meter in the 1st quarter of 2024. Hawaii, San Francisco, and San Jose were the markets with the highest average shopping center rent in the U.S.
The monthly median asking rent for unfurnished apartments in the United States rose by about ** U.S. dollars in 2024. In the third quarter of 2024, the median rent amounted to ***** U.S. dollars, up from ***** U.S. dollars in 2023. This increase was in line with a decade of steady growth, interrupted only in 2020 during the COVID-19 pandemic and in 2023. The U.S. rental market As rental apartment vacancy rates fall, rents are on the rise. This makes it more difficult for Americans to, first, find an apartment to rent, and second, find an apartment which they can afford. Nevertheless, renting has become much more common in recent years, with the number of renter households having substantially increased in the past two decades. In 2024, there were approximately **** million renter households in the U.S. Rents in different states Of course, rents vary from state to state. The most expensive rents are found in Hawaii, California, District of Colombia, New Jersey, and Florida. Following the COVID-19 pandemic, growth was the strongest in the Sun Belt states, and especially in states with lower costs of living, such as Texas. In Austin, TX, the average rent soared by nearly ** percent in 2021, and remained elevated, despite a slight decline in 2023.
In 2024, households in California needed an hourly wage of over 47 U.S. dollars to afford the rent of a two-bedroom apartment. Massachusetts had the second-least affordable two-bedroom apartments, as a household would have to earn at least around 45 U.S. dollars per hour in order to afford rent payments. These figures are considerably higher than the average minimum wage in place in many states. There was no state in which a minimum wage worker could afford rent for the average two-bedroom apartment, if they only worked 40 hours a week. Where are the least affordable counties and metros? The least affordable rents were predominately in Californian counties and metropolitan areas in 2024. District of Columbia has one of the highest minimum wages in the country, which stood at 17 U.S. dollars per hour as of January 2024. Thus, the affordability of two-bedroom apartments highlights how disproportionately high housing costs are in the state.
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Average Apartment Price: PS: Standard Apartments: UF: Tumen Region: ow Khanty Mansiysky Area data was reported at 132,803.880 RUB/sq m in Dec 2024. This records an increase from the previous number of 129,208.010 RUB/sq m for Sep 2024. Average Apartment Price: PS: Standard Apartments: UF: Tumen Region: ow Khanty Mansiysky Area data is updated quarterly, averaging 48,309.435 RUB/sq m from Mar 2000 (Median) to Dec 2024, with 92 observations. The data reached an all-time high of 132,803.880 RUB/sq m in Dec 2024 and a record low of 7,500.000 RUB/sq m in Dec 2000. Average Apartment Price: PS: Standard Apartments: UF: Tumen Region: ow Khanty Mansiysky Area data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.EB032: Average Apartment Price: Primary Sales (PS): by Region.
In 2024, the average rent for rental apartments increased in ** of the ** U.S. metropolitan areas with the largest populations. Providence-Warwick, RI-MA was the metro with the highest rental growth, an annual increase of **** percent as of April that year. Conversely, Austin-Round Rock-Georgetown, TX experienced the highest decline in rents, at **** percent.
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 ** 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 ** U.S. dollars. The gross rental rate usually includes costs for utilities and other general maintenance expenses.
Rents for industrial real estate in the U.S. have increased since 2017, with flexible/service space reaching the highest price per square foot in 2024. In just a year, the cost of, flex/service space rose by nearly *****U.S. dollars per square foot. Manufacturing facilities, warehouses, and distribution centers had lower rents and experienced milder growth. Los Angeles, Orange County, and Inland Empire, California, are some of the most expensive markets in the country. Office real estate is pricier Industrial real estate is far from being the most expensive commercial property type. For instance, average rental rates in major U.S. metros for office space are much higher than those for industrial space. This is most likely because office units are generally located in urban areas where there is limited space and thus higher demand, whereas industrial units are more suited to the outskirts of such urban areas. Industrial units, such as warehouses or factories, require much more space because they need to house large, heavy equipment or serve as a storage unit for future shipments. Big-box distribution space is gaining in importance Warehouses and distribution may currently command the lowest average rent per square foot among industrial space types, but the growing popularity of the asset class has earned it considerable gains over the past years. In 2021 and 2022, high occupier demand and insufficient supply led to soaring taking rent of big-box buildings. During that time, the vacancy rate of distribution centers fell below ****percent. The development of industrial and logistics facilities has accelerated since then, with the new supply coming to market, causing the vacancy rate to increase and the pressures on rent to ease.
The monthly rent of mobile homes in the U.S. has gradually increased since 2010, peaking in 2024. In the third quarter of that year, the average monthly rent for manufactured homes was *** U.S. dollars. Similarly, apartment rents also soared in 2022, followed by a slight decline in the next two years. Where in the U.S. are manufactured homes most popular? States with a growing economy and large population provide the best opportunities for manufactured housing. In September 2023, Texas had the highest number of mobile homes in the United States. Other states with a high number of mobile homes were North Carolina and Florida. Moreover, Texas also boasted the highest number of manufactured home production plants. Affordability of mobile homes across the U.S. Manufactured homes are considerably less expensive than regular homes, which makes them an attractive option for people looking to purchase property without breaking the bank. Mobile homes are cheaper because manufacturers benefit from economies of scale due to large-scale production, which allows them to lower costs per unit. Additionally, mobile homes lose value faster than traditional homes, which can make them more affordable to purchase initially. The average sales price for a new mobile home has been on the rise, but during the housing boom in 2021, it increased dramatically.
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Morocco MA: Natural Gas Rents: % of GDP data was reported at 0.003 % in 2016. This records a decrease from the previous number of 0.005 % for 2015. Morocco MA: Natural Gas Rents: % of GDP data is updated yearly, averaging 0.003 % from Dec 1980 (Median) to 2016, with 37 observations. The data reached an all-time high of 0.012 % in 1983 and a record low of 0.000 % in 1995. Morocco MA: Natural Gas Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Morocco – Table MA.World Bank.WDI: Land Use, Protected Areas and National Wealth. Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;
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Morocco MA: Coal Rents: % of GDP data was reported at 0.000 % in 2016. This stayed constant from the previous number of 0.000 % for 2015. Morocco MA: Coal Rents: % of GDP data is updated yearly, averaging 0.003 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 0.115 % in 1982 and a record low of 0.000 % in 2016. Morocco MA: Coal Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Morocco – Table MA.World Bank.WDI: Land Use, Protected Areas and National Wealth. Coal rents are the difference between the value of both hard and soft coal production at world prices and their total costs of production.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;
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Morocco MA: Total Natural Resources Rents: % of GDP data was reported at 2.479 % in 2016. This records a decrease from the previous number of 2.620 % for 2015. Morocco MA: Total Natural Resources Rents: % of GDP data is updated yearly, averaging 1.034 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 10.455 % in 1974 and a record low of 0.250 % in 1994. Morocco MA: Total Natural Resources Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Morocco – Table MA.World Bank: Land Use, Protected Areas and National Wealth. Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted Average;
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Morocco MA: Forest Rents: % of GDP data was reported at 0.236 % in 2016. This records a decrease from the previous number of 0.303 % for 2015. Morocco MA: Forest Rents: % of GDP data is updated yearly, averaging 0.297 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 0.751 % in 1982 and a record low of 0.134 % in 2007. Morocco MA: Forest Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Morocco – Table MA.World Bank: Land Use, Protected Areas and National Wealth. Forest rents are roundwood harvest times the product of regional prices and a regional rental rate.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted Average;
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In 2019, the most expensive zip code in Massachusetts was 02210, and renters paid on average 4,048 U.S. dollars per month for apartments there. This zip code and many of the other high-priced zip codes were located in Boston.