I've lived in various parts of Boston, Cambridge, and Somerville and we've previously had rock band and currently have room scale VR (it is, in fact, in use as I write this).
Neither had dedicated rooms but the setup and tear down is manageable. Neighbors never complains about the noise, but we also don't set the bass to room-shaking levels.
Perhaps the most significant difference between my home style in my last ten years and the decade previous (when I was a child/teen in suburbia) is that I share much more space. By pooling four incomes (two six figure tech salaries and two low five figure academia/architecture) we can afford places with enough living space to be comfortable.
It makes sense. When I was a child we at least had four people in our suburban house, but even then, it wasn't anywhere near capacity. With four adults in a four bedroom apartment we get much closer to capacity usage. We also make use of parks, coffee shops, and public libraries (CPL's main branch is beautiful) for more flexible space when necessary.