In order to qualify for a resident permit that allows for parking on the street in one of Boston’s neighborhoods, the car has to be registered and insured in Boston. Unless the car was previously registered in New York City, insurance premiums will most likely increase with a Boston registration.
Resident street parking can be more or less painful depending on the neighborhood. The worst neighborhoods for parking in Boston are Beacon Hill and the North End, and honorable mention goes to Back Bay. All three have more residents with cars than streets for parking.
Once you find a parking spot you have to remember which day of the week street cleaning occurs in the neighborhood or it will be towed. In a snow emergency, the car cannot be parked on a main street or it will be towed. The good news is you can sign up for email alerts through the City of Boston’s No Tow program.
If searching for parking in Boston does not sound appealing, renting a parking space is an option. There are parking spaces to rent all over Boston with prices varying all over the city. One uncovered full parking space can start at $250 a month in Back Bay. The starting rate for a garage parking space in Back Bay can be $375 a month and valet garage spaces are even higher.
If you are flexible, there are a couple ways to save some money on renting a parking spot. Renting a tandem spot can cost $200 a month. A tandem parking space is wide enough for one car but long enough for two. To prevent either driver from blocking the other, each will each exchange keys with the other. Also, many garages offer a reverse commute option which is ideal for those who live in the city and work outside the city. These reverse commuting options have different hours depending on the garage but the standard allows for access between 4pm-8am during the week and anytime on weekends and holidays. The garage will usually allow for one or two sick days a month. These reverse commute spots can start as low as $115 a month.
Buying a parking space in Boston can also be an option but those price tags can come as a bigger surprise. One space in Boston can start at $30,000 but it can also go as high as $300,000. In 2009, an outdoor, uncovered parking space, one block from the Public Garden, was sold for $300,000. This sale beat the previous record of $250,000 for a spot at 31-33 Commonwealth Ave.
If you are relocating to Boston and are not ready to live car free, contact the Realtors of Matthew and Alisa Group Real Estate. We will be happy to either help find properties that include parking or help navigate parking solutions in Boston.