Renting vs. Buying: What Makes Sense in Greater Boston in 2026?

In Greater Boston, rising mortgage rates near 6% and high home prices have increased the income needed to afford starter and median-priced homes significantly since 2021. Entry-level renter affordability has halved, with only 15% able to afford typical rents. Rent growth is slowing near colleges due to higher vacancies. Buying offers long-term wealth and stability, while renting provides flexibility and lower upfront costs, especially for stays under five years.