The 2026 Condo Market: Buying vs. Renting in Boston

The 2026 Condo Market: Buying vs. Renting in Boston

With rents in Somerville and Cambridge hitting all-time highs in 2026, many are asking: Is it finally time to buy?

The Math of 2026

• Rent Inflation: Average rents have risen 3-5% annually. Buying locks in your 'housing cost' for 30 years.
• The Equity Factor: Even with a modest 3% appreciation, a $700k condo earns you $21,000 in equity in just one year.
• Tax Benefits: Between mortgage interest deductions and the new SALT cap increase, the tax savings are significant.

The Verdict

If you plan to stay for at least 3-5 years, buying in Greater Boston remains one of the best wealth-building moves you can make.

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