Brookline's Housing Challenge
Brookline is a community of housing paradoxes. Despite a reputation and reality that it is a wealthy community with very high housing prices and expensive homes, more than half of Brookline’s residents are renters and many of those renters are cost burdened.
According to the Massachusetts Housing Partnership Center for Housing data analysis of census data, Brookline has nearly thirteen thousand renter households and nearly half of them are cost burdened, over six thousand households. Cost burdened is defined as spending more than 30% of income on housing. Over three thousand Brookline households are severely cost burdened which means that those households spend more than half of their income on housing.
Brookline is one of the most expensive housing markets in the country, with a median home price of $1.8 million, and an average 2-bedroom apartment rent of $3,445. Additionally, Brookline faces an extreme housing inequality, and the majority of disadvantaged residents are people of color.
To ensure Brookline is a place where all can reside and thrive, Brookline CDC acts to undo this inequality by focusing on making housing more affordable and providing financial assistance for those in need. As a town with sky-high rents and a poverty rate of more than 10%, many residents find themselves unable to afford living in Brookline. The Brookline CDC is working to address this through maintaining existing affordable housing, seeking to develop new affordable housing and providing assistance to renters and homeowners, and more.