65% of Arizona home listings include HOA fees
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Homeowners associations may not be popular, but they are unavoidable in many parts of Arizona, new Realtor.com data shows.
Why it matters: HOA fees add to the already high cost of homeownership.
Zoom in: More than 65% of Arizona homes listed for sale last year came with HOA dues, compared to nearly 44% nationwide.
- The median monthly fee was $110 in Arizona and $135 nationwide.
The intrigue: Only Nevada had a higher rate of listings with HOA fees, with 68%.
The big picture: HOA fees are more common in the West and South, where condos, townhouses and newly built homes represent a larger share of listings, according to the real estate site.
The bottom line: "The condo's traditional affordability advantage over single-family homes is eroding — and in many markets, it has reversed entirely," housing economist Aziz Sunderji writes in his newsletter, Home Economics.