HOA fees are becoming more common — and costly

More homes for sale in 2024 came with homeowners association (HOA) fees, and those dues increased from 2023, according to a Realtor.com report. HOA fees, which cover maintenance and amenities, can be a financial hurdle for buyers in an already expensive market. Nationwide, 40.5% of homes listed had HOA dues, with the median monthly fee rising from $110 to $125. Experts advise buyers to check an HOA’s reserve funds to avoid unexpected fee hikes, and those looking to avoid HOA fees may have better luck in Charleston, South Carolina.

Source: Axios