Here’s What You Can Buy for Under $200,000 in Greater Boston
These days, it certainly feels like you can’t purchase a home in Boston for anything less than $600,000. If you look hard enough, though, there are a few (emphasis on few) bargains to be found.
Real estate analytics firm NeighborhoodX examined the market in Greater Boston to identify properties for sale for less than $200,000. Researchers turned up nine condos concentrated in Quincy and Chelsea, and excluded foreclosures, short sales, and income-restricted properties.
“We periodically do this analysis to look at the threshold for entry-level properties, and this is perhaps the fewest opportunities we’ve seen in Boston,” says Constantine Valhouli, director of research for NeighborhoodX. “This suggests that first-time buyers will be moving further out, or be open to improving a property to make their first purchase viable.”
There are two homes on the list within the city of Boston: a tiny condo in Hyde Park and a two-bedroom unit in Dorchester’s Grove Hall. The rest, however, are sprinkled throughout Chelsea and Quincy. There were no market-rate properties asking less than $200,000 in popular Greater Boston towns like Brookline, Cambridge, Somerville, Malden, Medford, or Watertown.
Dreaming of kissing rent checks goodbye? See the complete list below.