Report: Tampa leads nation in HOA fee increases

The hike comes as the median condo price is decreasing, reports Redfin.


  • By Mark Gordon
  • | 8:45 a.m. August 23, 2024
  • | 0 Free Articles Remaining!
  • Tampa Bay-Lakeland
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Tampa has scored the No. 1 ranking in a housing category city and regional leaders aren’t likely to brag about: the biggest increase nationwide in homeowners association fees. 

In Tampa, the increase is 17.2% in the three months ending July 31. That’s more than double the rate in Jacksonville and triple the increase in Miami. The data comes from a new report from real estate tech firm Redfin, which analyzed 43 high-population metro areas across the country. HOA fees, of course, which go toward building repairs, operation costs, staff and amenities in a community, will often increase over time as property prices increase. 

Tampa Redfin sales manager Eric Auciello

 

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