These three states are where HOAs are the most common. In Florida, Colorado, and Vermont, over 40% of the population lives in an HOA. Source: U S Census HOA Popularity by State Here is a table showing the homeowners associations, by region, for new construction homes: Region
New homes that are a part of a homeowner association are growing fastest in the southern and western United States. Here is a breakdown of total number of new construction housing units with HOAs: Year As the number of newly built homes that are part of HOAs increases, we can expect the number of residents living in HOA communities across the US to grow, too.Over the past 10 years, the percentage of newly built homes that are part of a homeowner’s association has increased from 49% in 2011 to 67% in 2021. Today HOAs in the US are more popular than ever. Source: Foundation for Community Association Research Recent Growth of HOA Communities Here is a table showing the total number of housing units in HOAs: Year This number grew to over 27 million housing units in 2020, a 39x increase. In 1970 there were around 700,000 housing units in HOAs in the US. Source: Foundation for Community Association Research Total Number of Housing Units in HOA CommunitiesĪs the number of residents and communities grew over time, so did the number of housing units that are part of HOA communities. Here is a table showing the number of people living in HOAs since 1970: Year In every 10-year period since 1970, we can see ample growth, and most recently, from 2010 to 2020, the number of HOA residents grew by 20%. The number of residents living in them increased from 2.1 million in 1970 to 74.1 million in 2020, a 35x increase. Community associations have grown in popularity. Source: Foundation for Community Association Research Number of People Living in HOAsĪbout 26% of the US population lives in HOA communities. Here is a table showing the total number of HOAs: Year In 2020 that number increased to over 355,000, over a 35x increase.īelow you can see the total number of associations in the US over time which includes standard HOAs, condominium communities, and co-ops: In 1970, there were around 10,000 community associations in the US. The total number of associations has also increased. How Many People Live in HOAs? Total Number of Community Associations Legal structure aside, co-op owners pay a maintenance fee for the upkeep of the building and shared spaces, just like homeowners in other types of community associations. Rather than traditional ownership, residents own shares in the corporation and have the right to occupy their units. In a co-op, the building is owned by a corporation. Source: Foundation for Community Association ResearchĬo-ops operate differently than standard condo HOAs. Here is a breakout of the percentage of residential property types by association types: Type HOAs consisting of single-family homes account for 60% and condominium communities account for 38% of community associations in the United States. In real estate, the term homeowner's association is used regardless of whether the membership comprises residents who own single-family homes or condominiums. Typical HOA membership fees for single-family homeowners is $200-$300/month.Houses in HOAs are worth 5-6% more than similar homes outside of HOAs.67% of newly completed homes in 2021 are part of HOA communities, up 18% from 2011.Over 74 million people in the US live in a homeowner association community.Approximately 26% of the US population lives in HOA communities.In this article, we’ll look at how popular HOAs are, the average cost of living in an HOA, and more: HOAs collect fees (or dues) from their members to pay for the maintenance of common areas and the upkeep of facilities. A homeowner’s association (HOA) is an organization that makes and enforces rules for a group of residents in a subdivision, community, or residential building.
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