HOAs abound

Good luck finding a Phoenix home without a homeowners association — nearly three-quarters of Valley home listings included HOA fees last year, per a recent report by Realtor.com.

Why it matters: HOA fees are another financial hurdle in an already tough real estate market.

• Nationwide, the median monthly fee was $125, up from $110 in 2023.

The big picture: HOA dues typically cover community maintenance and amenities like pools and gyms.

• They're common in areas with condos, townhouses and newly built single-family homes, per the Realtor.com report.
• In metro Phoenix, they've been a popular way for developers to fund and maintain community infrastructure like streets, sidewalks and light poles for decades.

Threat level: HOAs can take delinquent homeowners to court, garnish their wages and even foreclose on their homes for failing to pay dues.