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Massachusetts top in the country: Good news for the Boston condo market

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Massachusetts Colleges excel in U.S. News & World Report rankings

Massachusetts has some of the best colleges and universities in the country, and more than a dozen of them made U.S. News & World Report’s Best National University Rankings list.

It’s not surprising two Bay State universities on the list broke the top 3. 

Massachusetts Institute of Technology came in No. 2 behind Princeton University. Harvard University took the No. 3 spot. Stanford University and Yale rounded out the top five. 

U.S. News & World Report ranked nearly 1,500 U.S. four-year bachelor’s degree-granting colleges and universities, grouping them within 10 overall ranks in which they were compared with schools that shared their academic mission. The survey looked at 17 criteria, including first-year retention rates, graduation rate performance, first-generation graduation rates, financial resources per student and borrower debt.

Other Massachusetts schools that made the list include Boston College and Tufts University, which tied for the No. 37 spot. Boston University came in at No. 41, Northeastern University at No. 54, University of Massachusetts at Amherst No. 58, Brandeis University at No. 63 and Worcester Polytechnic Institute at No. 86.

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Massachusetts city makes Fortune’s Best Places to Live list

A Massachusetts city has made Fortune’s 2024 Best Places to Live for Families list.

Fortune analyzed more than 2,000 cities across 200 data categories, assessing livability, financial health, resources for aging adults, education and wellness.

The winning areas are “sustainable for their youngest and oldest residents — including many fast-growing suburbs and edge cities that find creative ways to improve people’s well-being,” Fortune said.

The cities and towns that made the list are areas where multigenerational families can thrive, as older people are choosing to age in place with younger generations like Gen Z looking for a place they can truly call home. 

Somerville broke the top 15, coming in at No. 11 on the list. 

Located under 20 minutes from Boston, Somerville was noted for its convenient access to the city “while also feeling like its own separate space,” offering a “suburban-meets-urban vibe with an underlying college town feel, thanks to Tufts University.” And while it doesn’t have a downtown area, its proximity to Boston makes up for it. Plus, it has more than 60 parks within walking distance for most residents. 

Massachusetts wasn’t the only New England community to make the list. Portsmouth, New Hampshire, ranked No. 10. 

Silver Spring, Maryland, topped the list, followed by Upper Merion, Pennsylvania, and Chantilly, Virginia. Ann Arbor, Michigan, came in at No. 4 and Mason, Ohio, rounded out the top five.

Massachusetts top in the country: Good news for the Boston condo market

U.S. News & World Report ranks Massachusetts one of the top states in the country

Massachusetts city makes Fortune’s Best Places to Live list

Massachusetts is one of the top 10 best states in the country, according to U.S. News & World Report’s Best States Rankings.

The publication ranked each of the 50 states in 71 metrics across eight categories to determine how well each serves their residents when it comes to health care, education, economy, infrastructure, opportunity, fiscal stability, crime & corrections and natural environment.

Massachusetts ranked 10th in the nation on the list.

The Bay State took the No. 2 spot nationally for health care, ranked third for education, took the No. 4 spot for crime & corrections, seventh for natural environment and eighth for economy.

Massachusetts also ranked 39th in both infrastructure and fiscal stability and 46th for opportunity.

Utah was the No. 1 ranked state on the list, followed by New Hampshire in second place and Nebraska in third. Minnesota ranked No. 4 followed by Idaho rounding out the top five.

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Massachusetts top in the country: Good news for the Boston condo market

The financial service provider IPX1031 has conducted a study to determine the overall best states in which to own a tiny home. As the hot housing market grows more competitive, the demand for so-called tiny homes has only increased. They offer a lower-risk investment for first-time buyers with prices ranging between $30,000 and $60,000, according to the National Association of Realtors. As the tiny-house movement swept the U.S., many homeowners have downsized to properties below 600 square feet.

The cheapest states to purchase a tiny home in are (in order) Mississippi, Nebraska, North Dakota, New Hampshire and Kentucky. But a good price does not always reflect the quality of life. So to determine the overall best state to live in a tiny home, the IPX1031 ranking considers many factors: median income, the cost of living index, regional temperature and the percentage of public park space.

With that in mind, Massachusetts ranks as the No. 9 best state to live in a tiny home. There, the average cost to purchase is $46,520. Coupled with the high median income of $85,843 and a relatively large percentage of park space — 4.23% — it’s a solid environment to begin your tiny home adventure.
However, the top five states in the ranking are Georgia, Texas and Kansas, Florida and California.

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Updated: Boston Real Estate Blog 2022

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Massachusetts top in the country: Good news for the Boston condo market

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Total Moves: 4,567
Percentage Moving Out: 56.3%
Population: 6,859,800
Median Household Income: $79,203
Job Growth: 1.6%

Massachusetts’ business costs, including labor, energy, and taxes, are the highest of the 48 contiguous states—only Hawaii is higher—at 19% above the national average. The Bay State benefits from a host of top-notch universities dumping thousands of highly educated graduates into its labor supply each year. Massachusetts ranks fourth on quality of life thanks to the state’s strong schools, bountiful arts, and recreation opportunities, a healthy populous, and a plethora of top-rated colleges.

 
 Massachusetts is ranked in the top 5 states in the country for the best economy. This is good news for the Boston condo market.

Best State Economies

 
Overall Rank
(1 = Best)
StateTotal Score‘Economic Activity’ Rank‘Economic Health’ Rank‘Innovation Potential’ Rank
1Washington76.54143
2California73.782262
3Utah73.77514
4Massachusetts73.344291
5District of Columbia67.093613
6Colorado66.371535
7Oregon65.656910
8New Hampshire62.5217107
9Maryland60.9718286
10Delaware59.82102015
11Idaho58.2021219
12Michigan57.8623338
13Virginia57.5191823
14Arizona57.35162414
15North Carolina57.34241112
16Connecticut57.2512459
17Minnesota56.56201617
18Georgia55.9982129
19New York55.6674418
20Texas55.40191521
21New Jersey55.13114711
22Florida54.48131230
23Missouri50.17341924
24South Carolina49.78142341
25Wisconsin49.16331431
26Vermont49.10353122
27Nebraska49.0036734
28Indiana48.89262535
29Nevada48.11222740
30Pennsylvania47.73254127
31Montana47.66461325
32South Dakota47.0939539
33Iowa47.01312237
34Illinois46.93274326
35Tennessee46.40291744
36Rhode Island46.02404020
37Ohio45.67304228
38Kansas44.25433432
39Hawaii43.71383038
40New Mexico42.08445116
41Alabama41.58323843
42North Dakota41.1151836
43Wyoming39.40473245
44Kentucky38.94284648
45Maine38.91373647
46Alaska37.68503933
47Oklahoma37.11493742
48Arkansas35.88453550
49Mississippi34.99414846
50Louisiana33.22425049
51West Virginia28.14484951

 

Massachusetts top in the country: Good news for the Boston condo market

Boston condos for sale near Downtown/Midtown Boston

Back Bay Boston condos 
Beacon Hill  Boston condos
Charlestown Boston condos
Navy Yard Charlestown  Boston condos
Dorchester Boston condos
Fenway  Boston condos
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Leather District Boston condos
Midtown  Boston condos
Seaport District Boston condos
South Boston new condos
South End new condos 
Waterfront new condos 
North End  new condos 
West End new condos
East Boston condos

Condos around the Midtown area to rent:

Back Bay area condos for rent
Beacon Hill area condos for rent
Charlestown area condos for rent
Navy Yard Charlestown area condos for rent
Dorchester area condos for rent
Fenway area condos for rent
Jamaica Plain area condos for rent
Leather District area condos for rent
Midtown area condos for rent
Seaport District area condos for rent
South Boston area condos for rent
South End area condos for rent
Waterfront area condos for rent
North End area condos for rent
West End area condos for rent
East Boston area condos for rent

Click here: Boston Midtown Condos For Sale.

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