Nearly half of Salt Lake home listings required HOA fees in 2024
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Salt Lake's HOA fees exceed national averages — in both dollar amount and the share of houses requiring them, according to a recent report.
The intrigue: HOAs have historically been less prevalent in the Mountain West and Great Plains states.
The big picture: HOA dues typically cover maintenance and neighborhood amenities like pools and gyms, plus other costs that keep a community running.
- They're common in areas full of condos, townhouses and newly built single-family homes, per the report by Realtor.com.
Yes, but: HOAs often enforce strict rules on everything from holiday decor to lawn care, with fines for residents who fail to comply.
By the numbers: In most of Utah's metros, a larger share of listed homes had HOA dues than the 40.5% nationally.
- Only Ogden and Logan — 35% and 33% respectively — had smaller shares.
- The Park City-Heber metro had the highest, with more than 83%.
- In St. George and Provo, about 64% of homes had HOA fees. Salt Lake and Cedar City were at 49% and 48%, respectively.
Follow the money: Median fees varied widely around the state, ranging from $300 per month in Park City-Heber to $90 in Logan.
- Salt Lake's median was $170, the second-highest in the state.
- Nationally, the median was $125 in 2024, up from $110 in 2023.
Reality check: Dues can add an eye-watering expense on top of high home prices and mortgage payments.
Between the lines: To avoid surprise fee hikes, experts say condo shoppers should ask about reserve studies, which assess whether an HOA has enough money set aside for future upkeep.
Zoom out: If you want to buy a home without HOA dues, try looking in Charleston, South Carolina, which has the lowest percentage of home listings with HOA fees.
- Myrtle Beach, South Carolina, has the highest, per the report.