The Roxbury rental market in 2024 experienced fluctuating rental prices, varied leasing activity, and shifting demand trends. While certain months had vigorous rental activity, others reflected extended listing periods, giving renters more negotiation power.
Understanding these trends will be crucial for renters and landlords entering 2025. The new presidential administration may also introduce economic and housing policy changes that could impact rental pricing and demand.
Let’s explore how the market performed in 2024, compare it to 2023, and forecast what we expect in 2025.
Roxbury Rental Market Performance in 2024
Rental Activity & Market Trends
The Roxbury rental market saw varied leasing activity throughout 2024:
- Highest Number of Rentals Closed: June (24 rentals closed)
- Lowest Number of Rentals Closed: October (1 rental closed)
- Fastest Leasing Period: January (30 days on the market)
- Slowest Leasing Period: July (99 days on the market)
Comparison to 2023:
- 2024 had a higher median rental price but slower leasing periods in some months, giving renters more power to negotiate.
- Rental demand fluctuated significantly, with peak months in spring and summer.
Median Rent Prices & Market Trends
The Roxbury rental market saw significant price variations in 2024:
- Highest Median Rent Price: October ($4,500)
- Lowest Median Rent Price: May ($2,756)
- First Quarter Trends: Rents ranged from $3,106 in March to $3,425 in January.
- Second Quarter Trends: The highest median rent peaked at $4,027 in June.
- Third Quarter Trends: Prices remained steady, with July at $3,600 and August at $3,110.
- Fourth Quarter Trends: Prices rebounded, with October reaching $4,500.
Comparison to 2023:
- 2024 saw a significant increase in median rent prices across all unit types.
- The most significant price increases were seen in larger units (2-3 bedrooms), reflecting increased demand for family-sized rentals.
2025 Roxbury Rental Market Forecast
Looking ahead to 2025, we anticipate shifts based on economic conditions, interest rates, and government policy changes.
Best Time for Renters: Early 2025 (January – April)
With longer days on the market and higher inventory, renters may find better deals during this period.
Best Time for Landlords: Mid-to-late 2025 (May – September)
As rental demand typically peaks in spring and summer, landlords will have stronger negotiating power.
How the New Presidential Administration May Impact Roxbury’s Rental Market
A new administration in 2025 could introduce policy changes that affect rental pricing and demand:
1. Interest Rate Adjustments
Lower interest rates could encourage more homebuyers, decreasing rental demand.
Higher rates would keep more people renting longer, driving up rental prices.
2. Housing Affordability & Stimulus Measures
Potential tax breaks for first-time renters could stabilize rental prices. Federal housing initiatives may increase rental supply, affecting pricing. Stricter rent control policies could reduce investor confidence, shifting landlord strategies.
3. Economic Growth & Inflation
A strong economy could increase disposable incomes, making higher rents more manageable. Economic instability may slow rental activity, leading to extended listing periods.
Key Takeaways for Renters & Landlords in 2025
For Renters:
- Early 2025 is the best time to secure lower rents and negotiate lease incentives.
- Long-term leases could provide price stability if rents rise later in the year.
For Landlords:
- Listing during the peak rental season (May – September) will attract more tenants.
- Adjusting rental pricing based on demand shifts will maximize occupancy rates.
Planning to Rent or Lease a Property in Roxbury in 2025?
The Roxbury rental market is set for another dynamic year. Whether you’re looking to rent or lease, staying informed on market trends is essential.
Contact me today for a customized market analysis and expert guidance! Click here to check out the Condo and Roxbury Single Family Market Analysis. Stay updated with weekly reports on Instagram, Facebook, and YouTube to make the best real estate decisions.
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