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    Boston Short-Term Rentals Priced Out by Monthly Rents

    Short-term rentals in Boston, Massachusetts, have fallen to 677 citywide from an estimated 6,000 a few years ago, according to a new report. The current number is down from 841 in June 2021, and 807 in June 2020, the first year in which the city's caps on Airbnb and other similar companies were enacted. That law greatly limited the ability of landlords to hold investment properties solely for use as short-term rentals, which is characterized as anything under 28 days. The 677 registered units include 207 home shares, 146 limited shares, and 126 owner-occupied units, in addition to 68 lodging-house units, 16 executive suites, and 111 hospital-stay units, all of which fall under different licensing regulations created by other laws. A heat map of short-term rental units in Boston indicates heavy clusters in the South End (60 units) and downtown (81 units). With 84 units, Dorchester is the only neighborhood that has more units than downtown. The Jamaica Plain neighborhood has 70, and the remainder of the neighborhoods have 45 or fewer. "The main hot spots are in the South End and central Boston neighborhoods, such as Beacon Hill, Chinatown, and the North End," the report says. The city also calculates that the average citywide monthly income of a short-term rental is $1,745, compared to the average citywide long-term rental cost of $2,796 a month.

    Boston Herald (07/11/22) Sean Philip Cotter

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