Here are some ranges of homeownership rates in nearby communities:
60-70%: Milton, Brookline, Newton, Concord, Framingham, Arlington, Natick
40-50%: Malden, Waltham, Watertown, Medford
This report by the BRA shows the data from all Boston neighborhoods based on the 2000 Census
60-70%: West Roxbury, Hyde Park
40-50%: Charlestown, South Dorchester, Roslindale
30-40%: JP, Back Bay, Beacon Hill, Mattapan, South Boston
20-30%: Roxbury, South End, East Boston, North Dorchester
Allston/Brighton, at 21% homeownership, has the city's 2nd lowest rate of homeownership.
Harvard researchers have found that
So when considering the proposal for a new Charlesview housing development and any new housing in Allston/Brighton, we need to seize every opportunity to increase opportunities for homeownership. Sure, there are people who can and should rent instead of own, and Allston/Brighton is already doing plenty to provide rental housing to the 50,000 renters who live here.
Strong and consistent evidence indicates that homeowners are more likely to:
a) be satisfied with their homes and neighborhoods;
b) participate in voluntary and political activities; and
c) stay in their homes longer, contributing to neighborhood stability.
Who benefits from adding even more rental units in A/B? It doesn't benefit the Allston/Brighton community for Charlesview to propose the creation of 69 new rental units in addition to maintaining the 213 rental units it already has. In addition to creating no new rental units, the existing tenants at Charlesview could be given the option to own homes in the new development (at prices that would make such a purchase possible) and enjoy the financial and social benefits of homeownership.
Here's a link to the data on the Redfin site - Redfin Corporate Blog