When leaving the suburbs for to live in Beacon Hill, buyers sometimes confuse lofts and condos. To help during the search, here is a brief comparison of the two.

Condos

Condos, or condominiums, maintain nearly the same design as a single-family house with divided and dedicated rooms, like the living room, kitchen, and bedroom. Typically,  Boston condos are newly built and have property amenities such as exercise centers, pools, security, and a concierge. Beacon Hill condos for sale also usually have a patio, balcony, or a small yard. Condo owners are members of an association, with extra annual or monthly costs used to maintain common areas.

Lofts

In contrast, lofts tend to be completely open without dividing walls for most of the rooms. Lofts originated as industrial spaces that were converted into living spaces above a warehouse or similar facility. Today, however, many lofts are built specifically as a housing unit. Lofts for sale in Beacon Hill generally have floor to ceiling windows, exposed concrete or brick, and exposed industrial fixtures such as piping. Lofts typically do not have yards or patios, though some may have balconies. Generally, lofts don’t have the same amenities as condos, although owners might still pay additional annual or monthly costs to keep up the common areas in the building.

When looking to buy Beacon Hill real estate, don’t base your decision on aesthetics instead of needs. You can always add walls in a loft, but removing walls in a condo may not always be a good idea, particularly if they are load-bearing walls. If you’ve got a better idea of what will work for you and would like to start looking at properties in Downtown San Diego, call (619) 649-0368 to speak with one of our friendly and experienced real estate agents. We look forward to hearing from you.

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John Ford, Broker
realtyford@yahoo.com
Janet Lamb, Vice President
lamb.janet@yahoo.com
Ford Realty
137 Charles Street
Boston, MA 02114
(617) 720-5454 (9:00 – 5:00 EST)
(617) 595-3712 (On Call Broker After Hours)

Beacon Hill Population Demographics

 

Total Population5,075
Male Population2,465
Female Population2,611
Male Population 48.57 %
Female Population 51.45 %
Median Age33
Citizen US Born4,022
Citizen not US Born594
Not Citizen460
Citizen US Born 79.25 %
Citizen not US Born 11.7 %
Not Citizen 9.06 %
Moved from Abroad154
Moved from Same Country626
Moved from Same State407
Moved from Different State392
Same House as Last Year3,472
Moved from Abroad 3.03 %
Moved from Same Country 12.33 %
Moved from Same State 8.02 %
Moved from Different State 7.72 %
Same House as Last Year 68.41 %

Occupational Employment in Beacon Hill

White Collar3,022
Blue Collar69
White Collar59.55 %
Blue Collar1.36 %
Self Employees166
Private Companies2,137
Governmental Workers144
Not for Profit Companies643
Self Employees 3.27 %
Private Companies 42.11 %
Governmental Workers 2.84 %
Not for Profit Companies 12.67 %

Number of Households in Beacon Hill

Total Households2,532
Average People Per Household2
Family Households831
Non-family Households1,701
Non-family Households 16.37 %
Family Households 33.52 %
Households with Children304
Households without Children2,228
Households with Children 5.99 %
Households without Children 43.9 %

Median and Average Income in Beacon Hill

Average Household Income$159,432.38
Median Household Income$107,838.00
People below Poverty Level581
People above Poverty Level4,107

Housing in Beacon Hill

Occupied Housing Units2,532
Owner Occupied859
Renter Occupied1,673
Owner Occupied 16.93 %
Renter Occupied 32.97 %
With Mortgage479
Without Mortgage380
Median Value with Mortgage$698,850.00
Median Value without Mortgage$916,950.00
Median Housing Costs per Month$2,286.00
With Mortgage 9.44 %
Without Mortgage 7.49 %

Beacon Hill Education Statistics

No High School37
Some High School448
Some College339
Associate Degree94
Bachelor’s Degree1,733
Graduate Degree1,764
Never Married2,381
Married1,759
Separated34
Widowed101
Divorced346
Never Married 46.92 %
Married 34.66 %
Separated 0.67 %
Widowed 1.99 %
Divorced 6.82 %

Means of Transport to Work in Beacon Hill

Car566
Bus or TrolleyBus148
Railroad88
Bicycle73
TaxiCab22
Walk1,484

 

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