Nearly 1 in 4 homeowners paid condo or HOA fees in 2024: See the map
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New data is revealing how many households in the United States paid condo or homeowners association (HOA) fees in 2024, providing a more complete picture of the cost of homeownership.
The findings, featuring one-year estimates, were published in the U.S. Census Bureau's 2024 American Community Survey (ACS).
Nearly 1 in 4 homeowners paid HOA fees in 2024
By the numbers:
According to the data, around 21.6 million of the nation’s 86.6 million owned households in the United States paid either a condo or homeowners association (HOA) fee in 2024.
About 5.6 million or 26% of homes paid less than $50 a month and about 3 million homes paid more than $500 a month.
The national median monthly fee was $135. But a large share of homeowners in some states — most notably New York (64%) — reported paying more than $500. So did about half of homeowners in the District of Columbia and in Hawaii.
See the full report here.
Dig deeper:
The 21.6 million households that paid condo and HOA fees in 2024 were not evenly distributed across the country.
Some states like Arizona, Florida, and Nevada, which typically attract a lot of retirees to planned communities, had higher proportions of homeowners who reported paying condo or HOA fees.
Meanwhile, states with among the smallest shares included Maine, North Dakota, Rhode Island, South Dakota and Wisconsin.
What are HOA fees?
Big picture view:
Homeowner associations are nonprofit organizations that manage housing, often in planned or gated communities. HOAs collect fees to manage common areas and amenities. Condo fees are similar but cover more shared services and structural features like roofs and hallways.
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HOAs are more prevalent than condos in the United States and their fees are typically lower.
The Source: The information for this story was provided in the 2024 American Community Survey (ACS). HOA and condo fees homeowners pay are only one of the monthly housing costs captured in the ACS. The survey also provides data on insurance costs, property taxes, mortgage and utilities expenses. This story was reported from Los Angeles.