HOAs govern residential communities nationwide, collecting fees, setting rules and making decisions that shape property values and daily life for 75.5M Americans.
In HOA communities, homeowners automatically become members, pay required fees and agree to a structure designed to protect property values and community quality of life.
Associations maintain landscaping, common areas, roads and sidewalks, oversee amenities like pools and parks, and may also mediate disputes or enforce neighborhood standards.
Recurring dues often fund routine operations, with some money reserved for major repairs or emergencies; avg. monthly fees run $200-$300 for houses, $300-$400 for condos.
An HOA's authority comes from governing documents, and developers usually hand control to homeowners after development completion so residents can elect a board.
US HOA Basics Every Buyer Should Know
