"To Californians who think their homeowner association fees are too high: take a dash of solace in knowing it could be worse. My trusty spreadsheet examined one housing cost the Census Bureau hadn't previously broken out: dues paid to homeowners' association or other condominium fees. The recent release of 2024 housing cost data tells us that California homeowners paid a median HOA fee of $278 a month, the ninth-highest expense nationally."
"For some perspective, think about HOA fees as a share of last year's median expenditures for owners. In California, these levies equaled 12% of the statewide $2,232 monthly ownership expenses - that's owners with or without mortgages. The Golden State's HOA ratio is the 16th highest share among the states and just above the 10% national rate. Tops? New York at 43%, then Hawaii (24%), D.C. (19%), Connecticut (18%), and Minnesota (18%)."
California homeowners paid a median HOA fee of $278 per month in 2024, the ninth-highest median among states and well above the $135 national median. The highest median HOA fees were in New York ($739), Washington, D.C. ($505), and Hawaii ($470), while the lowest were in Arkansas ($47), Oklahoma and West Virginia ($48), and Alabama and Wyoming ($52). HOA fees in California represented 12% of statewide monthly ownership expenses of $2,232, above the 10% national share. California had 1.8 million owner-occupied units paying HOA fees, representing 24% of homeowners.
Read at The Mercury News
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