These Massachusetts Towns May Hold Promise for Rental Investors
Rents are on the rise in the Boston area, and not just in Cambridge and Boston. A recent report from Zumper indicates that there are other towns in Massachusetts that real estate investors should keep their eyes on for opportunities.
According to Zumper's October rent report for the Boston metro area, which surveyed rental data from 14 towns, Melrose had the biggest increase in rent at 20.1% year over year, edging out Cambridge at 19.9%. Boston was third, with a gain of 14.5%. Other towns that saw double-digit growth were Lawrence (13%), Framingham (12%), and Waltham (10%).
The median rent for a one-bedroom apartment in the Bay State was $2,061. Four towns have median rents that surpass that figure: Cambridge ($2,710), Boston ($2,530), Brookline ($2,230), and Waltham ($2,070).
Source Fool.com
