Thursday, April 23, 2015

Median Zillow Rent Index per square foot in Boston and Cambridge

After seeing this article on BostInno I knew something was not quite right about their reporting. West Cambridge in the top 5 median rents? Brighton rents being a third less than any other neighborhood? Their charts use the median unit price data, which does not distinguish between different types of units. I downloaded the Zillow data myself and prepared a few charts of the Median Zillow Rent Index per square foot, which I believe produces a lot more sensible looking results. And in case you are curious, I have plotted all of the data available since 2010:





Here is the data for March 2015 in a sorted table:


Region Name City ZRI per SF
South Dorchester Boston 1.584
Mattapan Boston 1.69
West Roxbury Boston 1.708
Roxbury Boston 1.726
Roslindale Boston 1.762
Hyde Park Boston 1.78
North Dorchester Boston 1.878
East Boston Boston 2.038
West Cambridge Cambridge 2.11
Jamaica Plain Boston 2.128
Mission Hill Boston 2.22
North Cambridge Cambridge 2.22
Aggasiz - Harvard North Cambridge 2.27
The Port - Area 4 Cambridge 2.388
Cambridgeport Cambridge 2.502
Wellington-Harrington Cambridge 2.524
Peabody Cambridge 2.546
Brighton Boston 2.652
Riverside Cambridge 2.654
Charlestown Boston 2.666
South Boston Boston 2.684
Allston Boston 2.702
Mid-Cambridge Cambridge 2.868
East Cambridge Cambridge 2.918
West End Boston 3.094
Downtown Boston 3.258
South End Boston 3.276
North End Boston 3.462
Back Bay Boston 3.512
Chinatown Boston 3.622
Kenmore Boston 3.658
Beacon Hill Boston 3.726
Fenway Boston 4.144

I hope that this is more useful than the BostInno presentation.

2 comments: