Assembly Square, Somerville, MA Rental Market Trends
Average rent in Assembly Square, Somerville, MA by Number of Bedrooms
The chart below shows the average rent in Assembly Square, Somerville, MA for apartments by number of bedrooms:
Average apartment size in Assembly Square, Somerville, MA
The average apartment size in Assembly Square, Somerville, MA is 787 sqft, which is -22% below the U.S. national average apartment size of 1,003 sqft. This graph illustrates average size in Assembly Square, Somerville, MA for each unit type:
Average Rent in Somerville, MA by Neighborhood
There are 5 neighborhoods in Somerville, MA . Spring Hill is the most expensive neighborhood, with an average rent of $4,050 ($3.57 per sqft), and Winter Hill is the most affordable neighborhood in Somerville, MA , with an average rent of $3,100 ($2.67 per sqft). The following tables show the Top 5 neighborhoods in Somerville, MA by average rent and the top 5 most affordable neighborhoods in Somerville, MA by average rent:
Top 5 most expensive neighborhoods in Somerville, MA by average rent:
Top 5 most affordable neighborhoods in Somerville, MA by average rent:
Average Rent in Somerville, MA by Zip Code
There are 3 zip codes in Somerville, MA . 02144 is the most expensive zip code, with an average rent of $3,775 ($3.15 per sqft), and 02143 is the most affordable zip code in Somerville, MA , with an average rent of $3,300 ($4.74 per sqft). The following tables show the Top 5 zip codes in Somerville, MA by average rent and the top 5 most affordable zip codes in Somerville, MA by average rent:
Top 3 most expensive zip codes in Somerville, MA by average rent:
Top 3 most affordable zip codes in Somerville, MA by average rent:
Average Apartment Listing Volume and Average Time on Market in Assembly Square, Somerville, MA
Average number of days on market in Assembly Square, Somerville, MA
The average listing remains on the market for 12 days in Assembly Square, Somerville, MA. This is greater than the national average time on market of 10 days for apartment listings. The chart below shows how many units remain on the market by number of days in Assembly Square, Somerville, MA:
Available Apartments in Assembly Square, Somerville, MA by Unit Type
On May 28, 2023 Hello Data, Inc. surveyed 72 active apartment listings in Assembly Square, Somerville, MA. The graph below shows the breakdown of multifamily units listed by bedroom count:
Frequently Asked Questions – Assembly Square, Somerville, MA Average Rents
What are the most affordable neighborhoods in Somerville, MA?
The most affordable neighborhoods in Somerville, MA are Winter Hill, where the average rent is $3,100 ($2.67 per sqft) and Union Square, where renters pay $3,220 ($5.96 per sqft) per month on average.
What are the most expensive neighborhoods in Somerville, MA?
The most expensive neighborhoods in Somerville, MA are Spring Hill, with an average rent of $4,050 ($3.57 per sqft) and Magoun Square, with an average rent of $3,860 ($3.54 per sqft) per month.
What are the most popular neighborhoods in Somerville, MA?
The most popular neighborhoods in Somerville, MA are Union Square, with 119 active listings as of May 28, 2023 and Assembly Square, with 74 active listings as of May 28, 2023.
How much is a Studio apartment in Assembly Square, Somerville, MA?
The average monthly rental price for Studio apartments in Assembly Square, Somerville, MA is $2,825 ($4.73 per sqft).
How much is a 1 Bedroom apartment in Assembly Square, Somerville, MA?
The average monthly rental price for 1 Bedroom apartments in Assembly Square, Somerville, MA is $3,307 ($4.99 per sqft).
How much is a 2 Bedroom apartment in Assembly Square, Somerville, MA?
The average monthly rental price for 2 Bedroom apartments in Assembly Square, Somerville, MA is $4,609 ($4.12 per sqft).