Boston property prices have seen significant rises over the last few years, although there are differences in the median home values depending on which neighborhood you choose. Like any city in the U.S., there are cheap places to live and expensive neighborhoods. The latter usually attract those with a median household income well above the national average, as they are the ones that can afford to splash out on homes in the richest neighborhoods. Here is a look at the 10 richest neighborhoods in Boston.
10. West Roxbury
West Roxbury is often mistaken with Roxbury, although the two are not connected. Roslindale and Jamaica Plain sit between these separate neighborhoods. The neighborhood is home to more than 30,000 people, and there is a high Irish Catholic population, although there is community diversity. The median home price in West Roxbury is $665,000. Home Snacks also lists West Roxbury as one of the richest neighborhoods in Boston in terms of median household income, which is $91,763.
Central is one of the richest neighborhoods in Boston in terms of both property values and household incomes. The median house price in Central is $670,000, while the median household income is $93,484. As its name suggests, this neighborhood is in a central location in Boston, so it is ideally situated for accessing everything the city has to offer, such as amenities, restaurants, transport links, and attractions.
8. West End
West End is one of the oldest neighborhoods in Boston, as it was part of the original settlement in the 1600s. However, during the 1950s, developers demolished a lot of the original buildings to make wider avenues and high-rise residential units, says Prevu. Now, it is a great place to find both waterfront properties and smart condos in high-rise buildings. The median home price for properties in West End is $725,000. It is an area that attracts affluent families, as there are outstanding public schools and many family-oriented activities.
7. North End
North End is the oldest neighborhood in Boston, as it was established in the 1620s, not long after the area was originally settled. However, there have been various developments in the area throughout its history, and there are examples of properties from almost every era. Therefore, there are many different styles and ages of properties from which to choose. The median home value is around $810,000, although some of the largest and most luxurious properties cost significantly more. On the other hand, there are also more affordable options in this neighborhood. Those who live in this neighborhood benefit from both lively nightlife and outdoor spaces to enjoy.
Originally called Mishawum, Charlestown was home to the Massachusetts tribe, so it is one of Boston’s oldest neighborhoods. The neighborhood sits on a peninsula north of the Charles River, where the Mystic River and Boston Harbor waterways meet. It is directly across from downtown Boston. Many of the historic properties sit in waterfront positions overlooking the Boston skyline. The median home value for properties in this area is $834,000, and there are properties in various styles from different eras. Charlestown is home to many historic sites, and there are multiple leisure activities for the residents to enjoy in their free time.
5. South End
Zillow says that the median house price in South End, Boston, is $1.02 million. Many of the homes in South End are either Victorian-era or Greek Revivalist properties. On the outskirts of South End, there are also English-style residences. The area is known for its arts, culture, and food scenes, as there is an abundance of restaurants, some famous music halls, and many attractions to enjoy. This area appeals to most demographics, as there are good schools, excellent transport links, and a diverse community.
Although the median listing price of homes in the Fenway-Kenmore neighborhood of Boston is $1.2 million, properties in this area can vary significantly in price. While it is possible to get a small, one-bed apartment for under $150,000, the most expensive homes go up to $39 million. The Fenway-Kenmore neighborhood offers a quieter lifestyle than many other neighborhoods in Boston, as the Back Bay neighborhood separates it from Boston’s urban hub. Fenway-Kenmore is home to Fenway Park, and the Muddy River runs through the neighborhood.
3. Back Bay
Back Bay will suit those who want to live in a historic district, as the broad streets are lined with Victorian brownstones. Although there are some affordable housing options in this area, the median house price is $1.6 million. Properties in the northern section of the neighborhood are spacious period homes, while the southern border of the neighborhood offers modern developments, such as high-rises. Those who live in Back Bay enjoy a good standard of living as there is plenty to do in the area, including museums, restaurants, and bars. Back Bay is home to 21,041 people.
2. Beacon Hill
The median house price for a home in the Beacon Hill neighborhood of Boston is $3 million. Beacon Hill is one of the oldest neighborhoods in Boston, and there are brick sidewalks with antique gas lamps and Federal-style row houses. The neighborhood is split into the North Slope and the South Slope. While the North Slope attracts young professionals, the South Slope is home to some of the largest and most prestigious properties in Boston.
1. Seaport District
According to Realtor, the median listing price of properties in the Seaport District of Boston is $3.7 million. It is considered a hip neighborhood, and there are restaurants, art galleries, and shopping boutiques. The Seaport District also has a waterfront park, vibrant nightlife, and commercial hubs. Those who buy luxury homes in this neighborhood are attracted by the busy urban lifestyle they can enjoy with everything on their doorstep.