Goals
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Indicator Measures
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How are we doing?
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6.1 Retaining Boston’s Competitive Advantage in Housing |
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6.1.1 Housing costs as a percentage of the cost of living, Boston vs. selected cities, 2002 |
Boston ranked 4th — behind Manhattan, San Francisco and Chicago — as one of the most expensive US housing markets. |
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6.1.2 Housing units within a 10-minute walk of public transit nodes, Boston |
See Transportation section. |
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6.2 Housing Affordable to All Residents
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6.2.1 Median home price vs. median household income, Metro region, 1990 – 2002 |
Since 1996, homes prices and the income required to purchase a median-priced home have almost doubled while median family wages have remained almost flat. |
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6.2.2 Median home prices by neighborhood, Boston, 1998 – 2002 |
Median home prices in Boston have risen dramatically in all Boston neighborhoods, doubling in some neighborhoods. |
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6.2.3 Median advertised two-bedroom rental, Boston, 1995 – 2002 |
Median rent for a two-bedroom apartment in Boston increased from about $850 in 1995 to almost $1600 in 2002. |
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6.3 An Adequate Housing Supply
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6.3.1 Growth in population, households, housing units and jobs, Metro Boston, 1990 – 2000 |
The Metro Boston population grew by about 5% and the number of housing units by about 5%, but households grew by 7.7%. |
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6.3.2 Vacancy rates in Metro Boston, Inner Core Communities and Boston, 1990 – 2000 |
Growth in supply ranged from 38% in Hopkinton to negative 3% in Essex. |
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6.3.3 Municipalities with the fastest and slowest growth in housing supply, Metro Boston, 1990 - 2000 |
With increasing demand, vacant homes and apartments declined across the region. |
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