Study: Floridians pay less in homeowner association fees than in 10 states

Florida is not No. 1, nor is it in the top 10, in a new report related to the cost of home ownership.

And that’s a good thing.

Why? Because the report put together by the Underwood Law Firm tracked what residents in individual states were charged, on average, in homeowner association fees.

What the California firm found in its study was that Florida ranked No. 11 in the country with a median monthly fee of $230 with 23.1% of homeowners paying more than $500.

To get its numbers, the firm looked at 2024 American Community Survey data from the U.S. Census Bureau. The figures do not include every possible homeowner expense, voluntary membership charge, fine or special assessment, according to the study.

Topping the list:

• New York with a median fee of $739 per month and 64.4% of residents paying more than $500.
• Hawaii with a median fee of $470 per month and 47.8% of homeowners paying more than $500.
• Massachusetts with a median fee of $376 per month and 29% of homeowners paying more than $500.
• Connecticut with a median fee of $351 per month and 22.4% of homeowners paying more than $500.
• New Hampshire with a median fee of $316 per month and 9.8% of homeowners paying more than $500.

The states with the lowest median fees were Arkansas at $47 per month, and Oklahoma and West Virginia at $52 per month.

The news wasn’t all good for Floridians, though.

While homeowners are not paying as much as those living in the top states, Florida ranked No. 3 on the list when it comes to the percentage of households required to pay a homeowner fee at 44.3%

In Nevada, 51.3% of owners had to pay a fee and in Arizona 44.7% had to pay. But in Nevada the median fee was $95 per month and in Arizona it was $98.