Summary
Research from Realtor.com found that Miami, Panama City, and Naples have the highest homeowners' association (HOA) fees in the U.S. These fees are particularly high compared to the size of monthly mortgage payments in these areas. Seven out of the ten cities with the highest fees are located in Florida.
Key Facts
- Miami, Panama City, and Naples are the U.S. cities with the highest HOA fees relative to mortgage payments.
- The Miami area's median monthly HOA fee is $617, accounting for 26.9% of typical mortgage payments.
- In Panama City, the median HOA fee is $532, making up 22.7% of mortgage costs.
- Naples has an HOA fee of $711, which is 20.3% of mortgage payments.
- A significant number of homes in the U.S. have HOA fees, with about 21.6 million households paying them in 2024.
- The percentage of single-family homes in HOAs grew from 49% in 2009 to 65% in 2023.
- Realtor.com analyzed 300 urban areas to determine which had the highest HOA fees compared to mortgage payments.
- Seven out of the ten cities with the highest HOA fees are in Florida.
