Not all neighborhoods in downtown Boston are rising at the same rate. Recent market trends show that areas like Alston, with strong student rental demand, create a unique flow.

At the beginning of 2021, the median home price in this area was around $560,000, and as of 2026, it is reported to be around $710,000. The cumulative increase over five years is calculated to be about 27%.

From 2021 to 2022, low interest rates and rental demand near universities caused prices to rise sharply, but starting in the second half of 2022, the impact of rising interest rates led to a noticeable slowdown in transactions and price increases. After 2024, a gradual upward trend is expected to re-emerge.

Compared to the national average increase estimated at 35-45%, this area is somewhat lower, but it is important to consider that the increase is occurring from an already high absolute price level.

The location near Harvard University and Boston University, the strong rental demand typical of college areas, and the extremely limited new supply in the urban structure are key factors supporting prices.

Recent market observations indicate that new construction supply is gradually increasing, suggesting that future price adjustments may be more moderate rather than sharp increases like in the past.

For Korean households, this area is often approached with the goal of rental income rather than school districts, so it seems practical to consider the high entry prices and management burdens when making decisions.