"In 2024, a U.S. Census Bureau survey revealed that a significant portion of U.S. homeowners were subject to either condominium or homeowners association (HOA) fees, with some facing steep monthly charges. The trend of employing HOAs in newly built communities has become prevalent, affecting home affordability as these fees continue to rise. The survey also highlighted the wide variation in fees across states, with some households paying over $500 per month."
"HOA fees are increasingly common and costly, impacting a quarter of U.S. homeowners and adding to the burden of home affordability. The U.S. Census Bureau's 2024 American Community Survey showcased a wide range of monthly HOA and condo fees, with some households paying over $500, while others budgeted less than $50. New York, Washington, DC, and Hawaii were among the most expensive areas for HOA and condo fees, with median monthly charges significantly higher than the national average."
About one quarter of U.S. homeowners pay condominium or homeowners association (HOA) fees, often adding substantial monthly housing costs. Newly constructed communities increasingly use HOAs, contributing to higher recurring charges and reduced home affordability. Monthly HOA and condo fees vary widely by state, with some households paying more than $500 and others paying under $50. Median monthly charges are notably higher in New York, Washington, DC, and Hawaii compared with the national average. Households without a mortgage often pay higher fees than mortgaged households. Rising HOA fees compound overall housing cost pressures for homeowners.
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