photo courtesy of http://www.389listing.com/Listing_Real_Estate_Homes_for_Rent_Lake_Norman.html |
First, sorry for the delay in posting. We had some issues with the Google upgrade and had to figure them out.
On to more important business....rent. Its never been cheap in the Boston area, but a recent article really highlighted the issue. The Boston Globe wrote a short piece on rents hitting record highs on July 25th, 2011. The median (number in the middle, not to be confused with average) rental price is currently $1665/month. This data is from the Boston-area, which, for the purposes of the article, was defined as the region surrounded by 495. The article doesn't mention apartment size/number of bedrooms, so it most likely took into account everything from stuidos on up.
The article also mentions that the vacancy rate in the area dropped down to 4.4%, which is the lowest vacancy rate since 2002. All this means its going to be darn hard to find an apartment and then you'll have to pay a lot of money for it.
The article states that it means good things for the economy, but its definitely hard on renters out there right now.