Over the past decade, homeowner association (HOA) dues have skyrocketed across the nation and especially in the D.C. area.
UrbanTurf reported that dues rose 32.4 percent between 2005 and 2015 across the nation. This resulted in the median monthly dues changing from $250 to $331.
In the same amount of time, the median monthly HOA dues in the D.C. area rose from $259 to $387, a 49.4 percent increase.
While costs have risen, UrbanTurf reported that the number of households in the D.C. area paying HOA dues has dropped by 1.2 percent over the past decade.
This data came from Trulia, who utilized data from the Census Bureau’s American Community Survey from 2005-2014. For a graph as well as more data, check out UrbanTurf’s full article here.
• HOA Fees Rise Almost 50 Percent in the DC Area in Last Decade [UrbanTurf]