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Boston, Massachusetts Mortgage and Housing Information

Population: 589,141
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.

Value of Houses and Condos

A comparison of the average prices of homes in Boston, Massachusetts and the U.S.
U.S.MassachusettsBoston
Median home value
in year 2006		$185,200$370,400$432,800

Monthly Owner Costs

Median owner costs for owner-occupied houses and condos in year 2006
U.S.MassachusettsBoston
With a mortgage$1,402$1,925$2,186
Without a mortgage$399$616$665

Ownership of Houses and Condos

Types of mortgages for owner-occupied Houses and Condos in Boston (2006)
Mortgage TypeNumber of Houses and CondosPercent of total
Without a mortgage21,68424.3%
First Mortgage Only47,95253.7%
Second Mortgage and/or Home Equity Loan19,64422.0%
Total89,280100%

Tenancy in Boston

How many people in Boston live in their own home? How many rent their home? Data for houses and condos, from 2006.
Owner-occupied homes89,280
Renter-occupied homes142,242
Homes for sale2,869
Homes for rent8,288
Total254,563

Age of Boston Residents

Median age for males and females (2000).
Males 30
Females 31

Income

Median earnings for the 12 months preceding 2006, residents over 16 years with earnings
U.S.MassachusettsBoston
Median Earnings$27,239$32,711$30,245
Median Earnings, Males$32,396$40,907$32,928
Median Earnings, Females$22,097$26,662$25,709

Males earn $7,219 (28.1%) more than Females in Boston.

Commuting in Boston

Means of transportation to work, workers over 16 years old.
Means of TransportNumber of People
Car, solo115,618
Carpooled25,662
Public Transit89,906
Bicycle2,705
Walking36,323
Other Means1,656
Total, Commuted271,870
Worked from home6,593
Total278,463

Time Spent Commuting in Boston

Time spent commuting in Boston
Time spent in minutesNumber of People
Less than 55,125
5-916,870
10-1425,955
15-1936,189
20-2441,676
25-2916,415
30-3454,859
35-399,732
40-4413,270
45-5929,114
60-8916,776
Over 905,889

Education

Level of higher education for people over 25 years in Boston (2006).
LevelNumber of MalesPercent of MalesNumber of FemalesPercent of Females
Some College20,44611.1%24,95413.6%
Associate Degree8,4854.6%10,4065.7%
Bachelor's Degree42,20723.0%46,02425.0%
Master's Degree22,01212.0%23,81613.0%
Professional Degree8,5504.7%6,3573.5%
Doctorate Degree5,6123.1%3,9602.2%
Total (at least some college)107,31258.4%115,51758.4%
Total over 25183,782100%197,776100%

Comments on Boston

July 23rd, 2008

great city with great architecture, history and lots to do. easy to walk around, tons of universities, and it’s great to watch the red sox

–Unregistered User

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Latest comment on Boston

July 23rd, 2008

great city with great architecture, history and lots to do. easy to walk around, tons of universities, and it’s great to watch the red sox

– Unregistered User

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