Having observed this local market for nearly 20 years, it becomes clear that there are neighborhoods that simply do not decline, no matter how high interest rates rise.

In early 2021, the median home price was around $870,000, and as of 2026, it is reported to be around $1,060,000. The cumulative increase over five years is calculated to be about 22%.

During the pandemic from 2021 to 2022, prices rose significantly, and even in the second half of 2022, when interest rates were increasing, the adjustments were not as severe as in other areas. After 2024, with the expansion of the biotech industry, a significant increase in prices is expected again.

While the national average increase is estimated to be around 35-45%, this percentage may seem low, but given that the absolute prices are already among the highest in the country, simple comparisons should be approached with caution.

The unique location of the Harvard and MIT campuses, along with the Kendall Square biotech cluster, and the extremely limited new supply are cited as key factors supporting price stability.

As long as the biotech industry continues to expand, this local market is likely to maintain a relatively strong trend, but it is also important to monitor variables such as the commercial office vacancy issue.

For Korean households looking to invest, the steady rental demand is attractive despite the high entry barriers, but given the low liquidity, a long-term holding strategy seems advisable.