When you’re house hunting, you probably have a checklist: mortgage rates, your budget, down payment, and closing costs. But there’s one line item many buyers overlook until it’s right in front of them—HOA fees.

Not every home will come with these fees, but if you’re eyeing a property in a planned community, condo complex, or newer neighborhood, there’s a good chance a homeowners association (HOA) is part of the deal. Let’s break down what that actually means for you.

What Is a Homeowners Association (HOA)?

An HOA is a governing body that manages a community’s shared spaces and helps maintain certain standards. That can include anything from landscaping and snow removal to enforcing rules about home exteriors or noise levels.

Some buyers love the structure and amenities that come with an HOA. Others see the monthly or quarterly dues as just another cost. The key? Understanding what you’re paying for—and whether it’s worth it to you.

Why Some Buyers Appreciate HOAs

If you’ve ever driven through a neighborhood with pristine lawns, tidy sidewalks, and a cohesive aesthetic, you’re likely seeing the results of an HOA at work. Here are some of the advantages:

• Well-Maintained Common Areas: Most HOAs handle the upkeep of community spaces, landscaping, and even seasonal maintenance like snow removal. That consistency boosts neighborhood curb appeal.
• Amenities Included: Some HOAs offer access to pools, clubhouses, playgrounds, gyms, or even gated security—all covered by your dues. That means potential savings on separate memberships or services.
• Home Value Protection: With clear standards for property maintenance and appearance, HOAs can help protect your investment by preventing neglected or unsightly homes from dragging down values nearby.
• Less to Manage Personally: In certain communities, the HOA may take on exterior maintenance like roof repair, paint, or fencing—saving you time and stress.

How Common Are HOA Fees?

Not every home comes with HOA dues, but they are becoming more common—especially in new construction. According to the Wall Street Journal, over 80% of newly built single-family homes in recent years have been part of an HOA.

Even if you’re buying a resale home, HOA communities are widespread. Axios reports that in 2024, nearly 40% of homes in the U.S. were located in neighborhoods with an HOA.

What Do HOA Fees Cost?

HOA fees can vary widely depending on location, the type of home, and what services or amenities are included. On average, fees hovered around $125/month last year, according to Realtor.com.

Some communities bill monthly, while others charge quarterly or annually. Be sure to ask your real estate agent about HOA fees for any home you’re considering—they’ll affect your overall budget and monthly payments.

As Danielle Hale, Chief Economist at Realtor.com, puts it:

“When considering a home with an HOA, buyers should work to understand what benefits it provides—like maintenance, security, or communal amenities—and how the HOA fees factor into their overall budget.”

Final Thoughts

Buying a home with an HOA can be a great choice—but only if you’re clear on the rules, responsibilities, and costs. Take time to review the HOA’s documents, including bylaws and budget reports, so you know exactly what you’re getting into.

Would you prefer the convenience and amenities of an HOA-managed community, or the freedom to manage your property your way? Let’s talk through your options and figure out what fits your lifestyle best.