Rising HOA Dues Add to Homeowners' Affordability Challenges

Core Insights - The report from Realtor.com® highlights a significant increase in the share and cost of Homeowners Association (HOA) fees in the U.S. housing market, with 40.5% of for-sale listings in 2024 having a nonzero HOA fee, up from 39.2% in 2023, and a median fee rising to $125/month from$110 [1][2]. HOA Fee Trends - The prevalence of HOA fees is notably higher in newly constructed homes, with 69.9% of new builds subject to these fees compared to 37.1% of existing homes [3]. - Condominiums, rowhomes, and townhomes are more likely to have HOA dues, with 83.8% of condos for sale in 2024 having associated fees, while only 33.6% of single-family homes do [4]. Geographic Distribution of HOA Fees - The metropolitan areas with the highest share of for-sale listings subject to HOA dues include: - Edwards, Colorado: 89.9% with a median fee of $525 - Myrtle Beach, South Carolina: 84.8$138 - Heber, Utah: 83.3% with a median fee of $300 [5][6]. - Conversely, areas with the lowest share of for-sale listings subject to HOA dues include: - Anniston-Oxford, Alabama: 3.8$29 - Elizabethtown-Fort Knox, Kentucky: 5.0% with a median fee of $19 - Jonesboro, Arkansas: 5.3$36 [7][8]. Methodology - The report's findings are based on weekly snapshots of all for-sale listings in the U.S. on Realtor.com in 2024 and 2023, focusing on listings with a monthly HOA fee greater than zero [9].