Realtor.com just released a national study on HOA fees being charged at for-sale listings, and the findings aren’t too surprising. HOA fees are rising, driven by insurance premiums and the rising cost of, well, everything. Among their main findings.
- 40.5% of for-sale listings in 2024 had a nonzero HOA fee, up from 39.2% last year. The median HOA fee was $125/month, up from $110.
- HOAs are far more prevalent in newly constructed communities than older ones, but their reach and the costs of their membership are growing across homes of all ages.
- Condos, row homes, and townhomes are more likely to be subject to HOA dues and higher ones than single-family homes, but HOA obligations are growing for all listing types.
- HOAs are nearly unavoidable in some metropolitan areas, where more than 75% of for-sale listings are subject to HOA dues.
I thought the median price of an HOA fee of $125 is ridiculously low, but they are comparing it across the nation where there are vast differences in what gets paid for in a monthly fee. Frankly, I’d do anything for a month fee that started in the $100’s.
You can read the whole article here: Realtor.com Study