What Is The Average Cost Of A Boston Condo Fee And What Does It Include? Boston Condos For Sale Ford Realty

"There is no single average condo fee in Downtown Boston, as the cost varies significantly based on factors like amenities, building size, and age. Recent reports show that while the median fee in Boston was $414 as of late 2024, downtown luxury buildings can charge thousands of dollars monthly. Condo fees have also been rising due to the city's older building stock and increased maintenance costs. Typical condo fees For an average 2-bedroom, 1-bath unit in a standard brownstone or mid-size building, fees are often in the Boston high rise luxury condos can range from $450 to $600 per month range. In comparison, a small, self-managed triple-decker may have fees closer to $200 per month.$1,000 - $3,000 per month"

"Amenities: Luxury high-rises in areas like the Seaport or Midtown often have concierges, pools, fitness centers, and rooftop decks, leading to substantially higher fees. Building age: Boston's large stock of older buildings, including historic brownstones, can have higher maintenance costs for roofing, masonry, and windows. This can result in special assessments if the reserve fund is insufficient. Building size: In larger associations, costs are spread among more owners, potentially lowering individual fees, but they might also fund more expensive amenities. Small, self-managed buildings often have lower monthly fees but can have limited reserves, increasing the risk of a large special assessment for major repairs. Included utilities: In some older buildings, central heat or hot water may be covered by the condo fee, which increases the monthly payment but lowers your personal utility expenses. Parking: Associations that own or maintain a garage or private parking lot will have higher associated fees."

There is no single average condo fee in Downtown Boston because costs vary by amenities, building size, and age. The median condo fee in Boston was $414 as of late 2024, while downtown luxury buildings can charge thousands of dollars monthly. Condo fees have been rising due to an older building stock and increased maintenance costs. Typical examples include small, self-managed triple-deckers near $200 per month, mid-size brownstones and standard buildings in a moderate range, Boston high-rise luxury condos often $450–$600, and some luxury units $1,000–$3,000 per month. Fees can include utilities, parking, and operating costs, and insufficient reserves can trigger special assessments.

Read at Boston Condos For Sale Ford Realty