Welcome to the College Real Estate Page for Boston University in Boston, Massachusetts. Many parents ponder whether they should buy or rent while their students attend college. For some the answer is to buy and for others the answer is to rent. College Real Estate hopes to help you find which is the right answer for you. Another great tool in helping you decide is our College Real Estate guide book that walks you through the entire process of buying student property. We hope you find this site useful and welcome any and all feed back. If you would like to be connected with a College Real Estate's exclusive Realtor in Boston, Massachusetts please visit our buying page. If you have decided that buying student housing is not the right answer for you and would like to be connected with a leasing specialist please visit our leasing page.
As the 4th largest private university in the nation, Boston University has a little bit of anything and everything you could want out of a collegiate experience. 22,008 undergrads and 11, 856 grad students comprise the diverse student body, most of whom come from out of state. Originally conceived as a theological institution, Boston University has seen quite a bit of change over the last century, bringing the school to a notably neutral position in its religious affiliations today. During your tenure at BU, you might want to consider enhancing your stateside education with an internship abroad, a key to the 65 study abroad programs available anywhere from Cambodia to Ireland.
Before any study abroad costs, the average BU student pays around $34,930 a year for tuition and another $10,080 for room and board.
Boston University’s main campus is found on the Charles River in Fenway-Kenmore neighborhood, while the medical campus is in the South End area of town. The South End is an upper middle class neighborhood known for cultural richness and diversity. Famous as the home of the Boston Red Sox, the Fenway- Kenmore neighborhood also caters to student life as undergrads pack the lively restaurants and clubs on Landsdowne Street to celebrate the week’s end.
While you may spend your free time in Fenway-Kenmore, most students do not choose to live in the largely BU owned heart of the city. Allston, aka “West Campus” to BU students, and Brookline are the hot areas for off-campus housing due to greater housing availability and a decrease in cost. Both areas are accessible by foot or on the public transportation system, dubbed “The T”. Popular Boston University real estate is split between houses and apartments. You can pay anywhere from $250,000 to $500,000 for a 2 bedroom condo purchase, depending on size, age and location. Allston is a great place to find 2-3 bedroom investment houses in the upper $500,000 to $600,000 range. The biggest perk to the Allston housing markets are the consistently high appreciation rates. Students provide a consistent demand for property; therefore rent on an investment home is practically guaranteed!
Planning ahead is a must for students who are interested in apartment leasing near the Boston University campus. Students begin their search right after Thanksgiving for a September first rent date the following fall. You can expect to pay $700-$1,000 in rent for each desired bedroom, making an average 2 bedroom apartment cost $1,450-$2,200 per month. While you do need to plan ahead, housing is abundant and pretty easy to come by so your leasing search can be completed in a couple of weeks.
College Real Estate’s goal is to make the moving transition as worry and stress free as possible so we have created a moving center which provides you with helpful information from your utility providers to local grocery centers, restaurants, churches and much more.
College Real Estate also offers a How To database that will keep a new homeowner or those of you renting a house or an apartment from paying an arm and a leg for a service that can easily be done yourself. You can learn how to fix the garbage disposal, light the pilot light, the best way to get rid of rodents, and many other useful lessons. We invite you to take advantage of this knowledge or even post your own helpful article.