How Long to Save for a Home in Boston, MA
Median home price, average rent, and a personalized savings timeline for Boston — updated 2026-Q1.
Median Home Price
$800,000
Average Rent
$3,000/mo
Median Income
$85,000/yr
5yr Price Growth
+20%
Calculate for Boston
Invest this % of your rent ($3,000/mo)
Down payment
Down Payment Scenarios in Boston
| Scenario | Down Payment | With Bricks | Savings Acct |
|---|---|---|---|
| 3.5% FHA | $28,000 | 6.1 years | 6.8 years |
| 10% Down | $80,000 | 12.8 years | 16 years |
| 20% Down | $160,000 | 19.1 years | 25.7 years |
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Buying a Home in Boston, Massachusetts
Boston is one of the Northeast's growing metro areas with a population of 690,000. The median home price of $800,000 puts it among the more expensive markets in the country.
With average rent at $3,000/month, a renter in Boston investing 10% of their rent ($300/month) into diversified REITs could accumulate a 20% down payment of $160,000 in approximately 19.1 years. The same monthly contribution in a high-yield savings account would take about 25.7 years.
Home prices in Boston have grown 20% over the past five years, roughly in line with national trends. For renters, this means the down payment target continues to move — making it even more important to invest rather than just save, so your money grows alongside home prices.