Rent vs Buy in Massachusetts
Compare 10 cities across Massachusetts. Find out whether renting or buying makes more financial sense in your area.
10cities analyzed
Avg Home:$625,853
Avg Rent:$2,525/mo
Avg Price/Rent:20.5
Massachusetts Housing Market Summary
10
Cities Analyzed
0
Favor Buying
10
Favor Renting
0
Toss-Up
Across Massachusetts's 10 analyzed cities, the majority (10 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Massachusetts.
The average home price in Massachusetts is $625,853, with average rents at $2,525/month. This gives an average price-to-rent ratio of 20.5.
$Most Affordable Cities
$$Most Expensive Cities
All Massachusetts Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Boston | $747,012.54 | $3,307.13 | 18.8 | N/A | Rent |
| Worcester | $481,357.38 | $2,096.21 | 19.1 | N/A | Rent |
| Springfield | $335,830.18 | $1,836.4 | 15.2 | N/A | Rent |
| Lowell | $790,411.17 | $2,890.3 | 22.8 | N/A | Rent |
| Cambridge | $790,411.17 | $2,890.3 | 22.8 | N/A | Rent |
| Brockton | $621,944.12 | $2,737.35 | 18.9 | N/A | Rent |
| Quincy | $744,669.12 | $2,841.17 | 21.8 | N/A | Rent |
| Lynn | $698,257.05 | $2,577.55 | 22.6 | N/A | Rent |
| Fall River | $524,316.47 | $2,034.33 | 21.5 | N/A | Rent |
| New Bedford | $524,316.47 | $2,034.33 | 21.5 | N/A | Rent |
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These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
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