Multifamily housing in some of the Boston area’s lower-income and more diverse neighborhoods are most likely to be bought by investors, according to a new analysis. Shown is a street in Dorchester.
Investors are increasingly buying more Boston-area housing, especially in lower-income, minority neighborhoods like Chelsea, Roxbury and Lynn— and pushing out other would-be buyers, according to a new analysis.
Investors, who often have the advantage of paying in cash to elbow out the competition, have accounted for 31% of purchases in those neighborhoods in the past two decades, according to a report by the Metropolitan Area Planning Council. That’s the highest share of any of the types of neighborhoods the MAPC analyzed, looking at neighborhood wealth, race and ethnicity, and density.
