Today’s Beacon Hill apartment rental update.
Condos for Sale and Apartments for Rent
Today’s Beacon Hill apartment rental update.
The sharp jump in mortgage rates since early 2022 has put downward pressure on Beacon Hill apartment rental inventory and contributed to sharp growth in rent prices recently.
Higher mortgage rates have diminished the purchasing power of would-be home buyers by making monthly mortgage payments more expensive. But for priced-out buyers, waiting in market-rate Beacon Hill apartment rentals can also be costly, as elevated rents make it significantly more challenging to save up for a down payment to purchase a Beacon Hill condo.
