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:$659,500
Avg Rent:$2,905/mo
Avg Price/Rent:19.1
Massachusetts Housing Market Summary
10
Cities Analyzed
2
Favor Buying
1
Favor Renting
7
Toss-Up
Across Massachusetts's 10 analyzed cities, the results are mixed with no clear winner statewide. Your decision depends heavily on which city you're considering.
The average home price in Massachusetts is $659,500, with average rents at $2,905/month. This gives an average price-to-rent ratio of 19.1.
$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 | $745,000 | $3,500 | 17.7 | 7 yrs | Toss-up |
| Worcester | $595,000 | $3,100 | 16.0 | 3 yrs | Buy |
| Springfield | $625,000 | $3,100 | 16.8 | 5 yrs | Buy |
| Cambridge | $700,000 | $2,800 | 20.8 | 9 yrs | Toss-up |
| Lowell | $560,000 | $2,450 | 19.0 | 8 yrs | Toss-up |
| Brockton | $695,000 | $3,050 | 19.0 | 6 yrs | Toss-up |
| Quincy | $715,000 | $2,450 | 24.3 | 10 yrs | Rent |
| Lynn | $690,000 | $2,950 | 19.5 | 9 yrs | Toss-up |
| New Bedford | $580,000 | $2,850 | 17.0 | 7 yrs | Toss-up |
| Fall River | $690,000 | $2,800 | 20.5 | 8 yrs | Toss-up |
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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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