Found 1 blog entry tagged as Additional Fees.

Westchester County's Rising HOA Fee

Wrights Landing and Watermark Pointe Condominiums in New Rochelle

Homeowners’ associations (HOAs) are becoming more prevalent and costly across the United States, according to a new report by Realtor.com. In 2024, 40.5% of listings for sale included HOA fees, up from 39.2% the previous year. The median monthly HOA fee increased from $110 to $125. Key Findings:

  • 40.5% of listings for sale in 2024 had a HOA fee, up from 39.2% in 2023.

  • 69.9% of newly built homes in 2024 had HOA obligations

  • 38.2% of existing homes had HOA obligations.

  • Condo HOA fees are significantly higher, with a median of $375 per month, compared to $58 for single-family homes.

Ralph’s Take

HOA fees can significantly impact housing…

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