"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. That's 106% above the nation's typical $135 HOA fee. Look, you could be paying the costliest HOA fees: $739 a month in New York. Then there's the District of Columbia ($505), Hawaii ($470), Massachusetts ($376), and Connecticut ($351)."
"By the slice 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 had 1.8 million housing units where the owner paid HOA fees in 2024. That's the third-largest HOA community behind Florida at 2.8 million and Texas at 2.4 million. That translates to 24% of California homeowners paying HOA fees, or the 17th-highest share among the states. California is just below the 25% national share. Where are HOAs most common? Nevada, with a 51% share, then Arizona (45%), Florida (44%), and Colorado and Hawaii at 42%."
California homeowners paid a median HOA fee of $278 per month in 2024, the ninth-highest nationwide and 106% above the national median of $135. New York led with a $739 median, followed by D.C., Hawaii, Massachusetts, and Connecticut. In California HOA fees represented 12% of statewide $2,232 monthly ownership expenses, ranking 16th and exceeding the 10% national rate. California had 1.8 million housing units with HOA fees, the third-largest count, equal to 24% of homeowners and slightly below the 25% national share. Nevada, Arizona, and Florida have the highest shares of homeowners paying HOA fees.
Read at www.ocregister.com
Unable to calculate read time
Collection
[
|
...
]