This downtown Boston real estate blog post is for you renters. Are you going to buy a Boston condo for sale in 2019: Prices have stabilized in many downtown Boston neighborhoods and mortgage rates are still relatively low.

Still, if you’re on the fence about becoming a Beacon Hill condo homeowner, we don’t blame you. Investing in a Boston condo for sale is inherently risky (as all investments are risky), in part because there’s much more to it than a mortgage payment. 

Fortunately, you can decrease your risk significantly by planning ahead. Our Beacon Hill real estate team has assembled the top most overlooked costs of owning a home in Boston, updated for 2019.

Property Taxes

Boston property taxes are one of the highest compared to other cities, though they do go up every year. Taxes are based on the “assessed value” of a home or piece of real estate (which is related to, but not the same as the real market value). Property taxes usually go up once every 3 years. 

Homeowners Insurance

Good news! According to, the average homeowner in Massachusetts pays $1,847.00 annually for homeowners insurance, the top highest tier in the country. Of course, your rate will depend on the amount of coverage you want along with other factors. Get a more accurate estimate using an online calculator.

Condominium Fees

Condo fees. They’re not just for condos anymore — more new developments in Massachusetts area are now forming Homeowners Associations (HOAs). Monthly fees average around $200 – $2.000.00 but could be double that, and are subject to increases if a major maintenance project comes up. The plus side is that these fees cover many of the typical homeownership costs you would otherwise pay for piecemeal, like yard care and exterior maintenance.


Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


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Surrounding Communities of Boston
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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