Under 5% of home listings in Boston area are affordable, analysis finds

By Grant Welker • Published December 26, 2023 • Updated on December 27, 2023 at 7:39 am

Many of the Boston area’s priciest suburbs, including Concord, above, are out of range of a great majority of would-be buyers.

Boston-area home listings were more likely to be out of a potential buyer’s affordability range than the listings in three-fourths of the country’s largest metro areas, according to a new analysis released last week by Redfin.

Only 4.7% of home listings in the Boston metro areas were considered affordable by Redfin’s metrics, which means a typical monthly mortgage payment is no more than 30% of the local median household income.

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