Rising HOA Dues Add to Homeowners' Affordability Challenges
Realtor.com reports a significant rise in Homeowners Association (HOA) fees, adding to housing affordability challenges. The study reveals that 40.5% of for-sale listings in 2024 had HOA fees, up from 39.2% in 2023, with median fees increasing to $125/month from $110.
New construction homes show a higher likelihood of HOA fees at 69.9% compared to 37.1% for existing homes. Similarly, 83.8% of condos, rowhomes, and townhomes have HOA dues versus 33.6% of single-family homes.
The top three metros with highest HOA presence are Edwards, Colorado (89.9%, $525 median monthly fee), Myrtle Beach, South Carolina (84.8%, $138), and Heber, Utah (83.3%, $300). Conversely, areas with lowest HOA presence include Anniston, Alabama (3.8%, $29) and Elizabethtown, Kentucky (5.0%, $19), typically in smaller, inland markets with fewer new builds.
Realtor.com segnala un aumento significativo delle spese per le associazioni dei proprietari di casa (HOA), contribuendo alle sfide dell'accessibilità abitativa. Lo studio rivela che il 40,5% delle inserzioni in vendita nel 2024 presentava spese HOA, in aumento rispetto al 39,2% nel 2023, con le spese medie che sono passate da $110 a $125 al mese.
Le nuove costruzioni hanno una maggiore probabilità di avere spese HOA, con il 69,9% rispetto al 37,1% delle case esistenti. Allo stesso modo, l'83,8% dei condomini, delle case a schiera e delle villette ha spese HOA, rispetto al 33,6% delle case unifamiliari.
Le tre aree metropolitane con la maggiore presenza di HOA sono Edwards, Colorado (89,9%, spesa mensile mediana di $525), Myrtle Beach, Carolina del Sud (84,8%, $138) e Heber, Utah (83,3%, $300). Al contrario, le aree con la minor presenza di HOA includono Anniston, Alabama (3,8%, $29) e Elizabethtown, Kentucky (5,0%, $19), tipicamente in mercati più piccoli e interni con meno nuove costruzioni.
Realtor.com informa sobre un aumento significativo en las tarifas de las asociaciones de propietarios (HOA), lo que agrava los desafíos de asequibilidad de la vivienda. El estudio revela que el 40,5% de las propiedades en venta en 2024 tenía tarifas HOA, un aumento con respecto al 39,2% en 2023, con tarifas medias aumentando de $110 a $125 al mes.
Las casas de nueva construcción muestran una mayor probabilidad de tarifas HOA, con un 69,9% en comparación con el 37,1% de las casas existentes. De manera similar, el 83,8% de los condominios, casas adosadas y casas en hilera tienen cuotas HOA frente al 33,6% de las casas unifamiliares.
Las tres áreas metropolitanas con mayor presencia de HOA son Edwards, Colorado (89,9%, tarifa mensual mediana de $525), Myrtle Beach, Carolina del Sur (84,8%, $138) y Heber, Utah (83,3%, $300). Por el contrario, las áreas con menor presencia de HOA incluyen Anniston, Alabama (3,8%, $29) y Elizabethtown, Kentucky (5,0%, $19), típicamente en mercados más pequeños del interior con menos construcciones nuevas.
Realtor.com은 주택 소유자 협회(HOA) 비용의 유의미한 증가를 보고하며, 이는 주택의 접근성 문제에 추가적인 도전을 제공합니다. 이 연구는 2024년 판매 중인 목록의 40.5%가 HOA 비용을 지니고 있으며, 이는 2023년의 39.2%에서 상승한 수치이며, 중간 비용이 월 $110에서 $125로 증가했다고 밝혔습니다.
신축 주택은 기존 주택의 37.1%에 비해 69.9%의 높은 HOA 비용 가능성을 보이고 있습니다. 이와 유사하게, 콘도, 연립주택, 타운하우스의 83.8%가 HOA 비용을 지니고 있는 반면, 단독 주택은 33.6%에 불과합니다.
HOA가 가장 많이 있는 상위 세 대도시는 콜로라도주 에드워즈 (89.9%, 중간 월 요금 $525), 사우스캐롤라이나주 머틀 비치 (84.8%, $138), 유타주 헤버 (83.3%, $300)입니다. 반면, HOA 존재가 가장 적은 지역은 앨라바마주 애니스턴 (3.8%, $29)과 켄터키주 엘리자베스타운 (5.0%, $19)으로, 일반적으로 신규 건물이 적고 규모가 작은 내륙 시장입니다.
Realtor.com rapporte une augmentation significative des frais d'association des propriétaires (HOA), ajoutant aux défis de l'accessibilité au logement. L'étude révèle que 40,5 % des annonces à vendre en 2024 avaient des frais HOA, en hausse par rapport à 39,2 % en 2023, avec des frais médians passant de 110 $ à 125 $ par mois.
Les maisons de construction neuve présentent une probabilité plus élevée de frais HOA, avec 69,9 % contre 37,1 % pour les maisons existantes. De même, 83,8 % des condominiums, maisons en rangée et maisons de ville ont des frais HOA contre 33,6 % des maisons unifamiliales.
Les trois métropoles avec la plus forte présence de HOA sont Edwards, Colorado (89,9 %, frais mensuels médians de 525 $), Myrtle Beach, Caroline du Sud (84,8 %, 138 $) et Heber, Utah (83,3 %, 300 $). En revanche, les zones avec la plus faible présence de HOA incluent Anniston, Alabama (3,8 %, 29 $) et Elizabethtown, Kentucky (5,0 %, 19 $), généralement dans des marchés plus petits, à l'intérieur des terres, avec moins de nouvelles constructions.
Realtor.com berichtet von einem signifikanten Anstieg der Gebühren für Eigentümergemeinschaften (HOA), was die Herausforderungen der Wohnraumerschwinglichkeit verschärft. Die Studie zeigt, dass 40,5% der im Jahr 2024 zum Verkauf stehenden Objekte Gebühren der HOA hatten, ein Anstieg von 39,2% im Jahr 2023, wobei die Mediangebühren von $110 auf $125 pro Monat gestiegen sind.
Neubauten weisen mit 69,9% eine höhere Wahrscheinlichkeit auf, Gebühren der HOA zu haben, im Vergleich zu 37,1% der Bestandsimmobilien. Ähnlich haben 83,8% der Eigentumswohnungen, Reihenhäuser und Stadthäuser HOA-Gebühren im Vergleich zu 33,6% der Einfamilienhäuser.
Die drei Metropolregionen mit der höchsten Präsenz von HOA sind Edwards, Colorado (89,9%, mediane monatliche Gebühr $525), Myrtle Beach, South Carolina (84,8%, $138) und Heber, Utah (83,3%, $300). Im Gegensatz dazu haben Gebiete mit der niedrigsten Präsenz von HOA Anniston, Alabama (3,8%, $29) und Elizabethtown, Kentucky (5,0%, $19), typischerweise in kleineren, ländlichen Märkten mit weniger Neubauten.
- None.
- HOA fees increased from $110 to $125 monthly median in 2024
- Higher percentage of homes (40.5% vs 39.2%) now require HOA fees
- New construction homes face significantly higher HOA exposure (69.9%)
- Some markets show extremely high monthly HOA costs (up to $525 in Edwards, CO)
Insights
This comprehensive data on HOA trends reveals significant shifts in the real estate market structure. The 40.5% of listings with HOA fees in 2024, up from 39.2% in 2023, coupled with a
The geographical distribution is particularly telling - resort and high-growth markets like Edwards, Colorado (
The stark contrast between new construction (
The rising HOA fee trend compounds the current housing affordability crisis. With monthly dues increasing by
Markets with the highest HOA penetration, like Edwards with a
New Report from Realtor.com® Finds
"With a down payment and closing costs up front, and then principal, interest, taxes, and insurance every month after that, purchasing a home is already a financially daunting task, before adding in the rising cost of HOA dues," said Danielle Hale, chief economist at Realtor.com.® "Homes like condos, townhouses and new construction single family homes in neighborhoods with ample amenities are more likely to have an HOA fee. For many of these properties, HOA benefits often include a certain amount of maintenance and even utilities that homeowners without an HOA will need to include in their budget. When considering a home with an HOA, buyers should work to understand what benefits it provides like maintenance, security, or communal amenities, and how the HOA fees factor into their overall budget."
What type of homes are more likely to have an HOA?
Newly constructed homes are much more likely than existing homes to be subject to HOA dues. Among homes for sale on Realtor.com® in 2024,
Much like the splits between new construction and existing homes, HOA dues are much more widespread among condo, rowhome, and townhome listings (from here on referred to collectively as condos) than single family homes.
Where are buyers most likely to be hit with an HOA fee on the home that they purchase? Areas with a high concentration of new construction or a high concentration of condo units, especially in desirable beach or ski markets. Below are the ten metropolitan areas with the highest share of for-sale listings subject to HOA dues.
Metro Area | Share of | Median Monthly |
89.9 % | ||
84.8 % | ||
83.3 % | ||
79.7 % | ||
78.4 % | ||
Boise City, | 77.6 % | |
77.1 % | ||
77.0 % | ||
76.8 % | ||
76.0 % |
Where can savvy buyers avoid paying a monthly fee to an HOA? Smaller markets with fewer newly-built homes and condos, mostly in further inland markets. Below are the 10 metropolitan areas with the lowest share of for-sale listings subject to HOA dues.
Metro Area | Share of | Median Monthly |
3.8 % | ||
5.0 % | ||
5.3 % | ||
5.8 % | ||
6.1 % | ||
6.2 % | ||
6.2 % | ||
6.5 % | ||
6.8 % | ||
7.1 % |
To read the full report and learn more: www.realtor.com/research/homeowners-associations-2024
Methodology
This report aggregates weekly snapshots of all for-sale listings in
About Realtor.com®
Realtor.com® is an open real estate marketplace built for everyone. Realtor.com® pioneered the world of digital real estate more than 25 years ago. Today, through its website and mobile apps, Realtor.com® is a trusted guide for consumers, empowering more people to find their way home by breaking down barriers, helping them make the right connections, and creating confidence through expert insights and guidance. For professionals, Realtor.com® is a trusted partner for business growth, offering consumer connections and branding solutions that help them succeed in today's on-demand world. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. For more information, visit Realtor.com®.
Media contact: Mallory Micetich, press@realtor.com
View original content:https://www.prnewswire.com/news-releases/rising-hoa-dues-add-to-homeowners-affordability-challenges-302350979.html
SOURCE Realtor.com
FAQ
What is the median monthly HOA fee in 2024 according to Realtor.com?
Which US city has the highest percentage of HOA fees in 2024?
What percentage of new construction homes have HOA fees in 2024?
Which type of properties are most likely to have HOA fees?
What city has the lowest HOA fees in 2024?
