Record Number of Homeowners Live in HOA Communities

In Fla., almost 10M residents live in one of 48,500 communities with a homeowners’ association or condo board. The number is second only to Calif, which has 49,200 HOAs.

NEW YORK – A new housing report finds that 73.9 million Americans live in a community with a homeowners association or condominium board. That is more Americans than ever, according to the Foundation for Community Association Research.

California leads the nation with 49,200 associations, followed by Florida, with 48,500; Texas, with 21,000; Illinois, with 18,800; North Carolina, with 14,100; and New York, with 14,000, the report says.

In Florida, almost 10 million residents (9,567,000) live in a home under the jurisdiction of a homeowners association (HOA) or condominium board.

In 2019, there were about 351,000 community associations in the U.S. The Foundation for Community Association Research estimates that the number in 2020 will increase to 354,000.

Most residents with an HOA say they appreciate the work of their community association in maintaining standards in their neighborhood, according to the report, with 70% rating their overall experience in a community association as “very good” or “good,” according to the Foundation’s 2020 Homeowner Satisfaction Survey.

The value of homes in community associations is nearly $7.2 trillion, with about $96 billion in assessments collected annually from homeowners to fund essential maintenance in their communities.

Some local cities face financial challenges, and many now require new-development builders to create an association to assume responsibilities that traditionally belonged to local and state governments, such as road maintenance and trash removal. Of all new housing, 77% now falls under a community association.

Beyond basic maintenance, HOA owners contribute $27.4 billion to association reserve funds for the repair, replacement and enhancement of common property areas, such as swimming pools, elevators and streets.

State – Number of Associations – Rounded Estimated Number of HOA Residents

1. California – 49,200 associations – 14,069,000 residents

2. Florida – 48,500 associations – 9,567,000 residents

3. Texas – 21,000 associations – 5,965,000 residents

4. Illinois – 18,800 associations – 3,807,000 residents

5. North Carolina – 14,100 associations – 2,718,000 residents

6. New York – 14,000 associations – 3,658,000 residents

7. Massachusetts – 11,100 associations – 1,642,000 residents

8. Georgia – 10,750 associations – 2,217,000 residents

9. Washington State – 10,475 associations – 2,359,000 residents

10. Colorado – 10,300 associations – 2,311,000 residents

11. Arizona – 9,675 associations – 2,220,000 residents

12. Virginia – 8,725 associations – 1,980,000 residents

13. Ohio – 8,485 associations – 1,610,000 residents

14. Michigan – 8,425 associations – 1,407,000 residents

15. Minnesota – 7,725 associations – 1,506,000 residents

16. South Carolina – 6,945 associations – 1,333,000 residents

17. New Jersey – 6,925 associations – 1,459,000 residents

18. Pennsylvania – 6,845 associations – 1,319,000 residents

19. Maryland – 6,785 associations – 1,026,000 residents

20. Missouri – 5,485 associations – 913,000 residents

21. Wisconsin – 5,335 associations – 739,000 residents

22. Connecticut – 4,950 associations – 461,000 residents

23. Indiana – 4,950 associations – 840,000 residents

24. Tennessee – 4,880 associations – 690,000 residents

25. Oregon – 3,885 associations – 551,000 residents

26. Utah – 3,430 associations – 613,000 residents

27. Nevada – 3,390 associations – 507,000 residents

Source: Foundation for Community Association Research

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