Community Association Management Statistics 2024

Are you looking to add Community Association Management to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Community Association Management statistics of 2024.

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Best Community Association Management Statistics

Best Community Association Management Statistics

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Community Association Management Market Statistics

While an estimated 35% of HOAs are operated by neighborhood volunteers, the rise of the HOA has created a market for professional community managers. ^[0]
As a result, there are no major players (organizations with a 5.0% or higher market share). ^[1]
According to Zillow, buyers remain the most dynamic segment of the housing market, with Millennials, those between the ages of 24 and 38, comprising the single largest share of all buyers and the largest group of first. ^[2]

Community Association Management Latest Statistics

The median wage is the 50th percentile wage estimate 50 percent of workers earn less than the median and 50 percent of workers earn more than the median. ^[3]
The value is less than .005 percent of industry employment. ^[3]
80%of newly constructed homes sold in 2020 were part of HOA communities. ^[0]
53%of all homeowners live in HOA communities. ^[0]
80.3% of new homes sold in 2020 were part of HOA communities, up 7.5% yearover. ^[0]
3.54 million or 11.1% of homeowners live in “community access secure” neighborhoods, which may include walls or fences. ^[0]
About 26.2 million or 65.5% of HOA housing units are occupied. ^[0]
From 2018 to 2019, HOA resident populations grew 0.54% as homeownership rates remained stagnate. ^[0]
In that same period, the number of associations increased 1.15%. ^[0]
On average, HOA homes are priced 4% higher than observably similar homes outside of HOAs. ^[0]
Estimated yearly collections of all fees rose 32.4% between 2005. ^[0]
65.1% of new homes completed in 2020 are pare of HOA communities, up 5.5% from 2019. ^[0]
67.9% of new homes in the Western United States are part of HOA communities, up 1.3%. ^[0]
72.1% of new homes in the South are in HOAs, up. ^[0]
40.1% of all new homes completed in 2020 are in the South, up 8.4%. ^[0]
In the Midwest, 47.2% of new homes are part of HOAs, up 0.2%. ^[0]
30.4% of newly constructed homes in the Northeast are part of HOAs, up. ^[0]
7.06 million homes were constructed between 2009 and 2019; 57.6% of them were in HOAs. ^[0]
New HOA construction increased 79.9% in the decade between 2009 and 2019. ^[0]
As a percentage of all new housing, new HOA construction increased 34.8%. ^[0]
An estimated 8,500 community association management companies operate nationwide. ^[0]
An estimated 7,500 HOAs are large scale, meaning they have at least 1,000 lots or homes and a $2 million annual budget. ^[0]
$27.4 billion or 28.5% of collections go toward reserve funds for maintenance of shared property. ^[0]
HOA residents increased 208.3% from 1980 to 1990. ^[0]
In that same period, HOA communities increased 261.1%. ^[0]
In the 1970s, residency in HOA communities grew at an annual rate of 35.71%. ^[0]
In the 1980s, the annual growth rate among HOA residents was 20.83%. ^[0]
5.27% was the annual growth rate among HOA resident populations throughout the 1990s. ^[0]
In the 21stCentury, the annual growth rate has been 2.84%. ^[0]
Florida has the highest concentration of community associations, with 67.3% of homeowners belonging to an HOA. ^[0]
West Virginia has the highest rate of homeownership (73.4%) but one of the lowest rates of HOA membership among homeowners (7%). ^[0]
51.9% of states have confirmed community data. ^[0]
Among states with confirmed correct data, the average HOA membership rate among homeowners is 33.4%. ^[0]
Among the remaining states and territories , the average HOA membership rate among homeowners is 26%. ^[0]
By these estimates, a total of 26.2 million occupied homes nationwide are part of HOA communities; this would mean 65.5% of HOA housing units are occupied. ^[0]
State % of Population % Homeowning Residents Alabama 10% 14% Alaska 13% 20%. ^[0]
35.6% 64.9% Colorado 40.1% 60.9% Connecticut 12.9% 19.9% Delaware 41% 30% D.C. 20% 66%. ^[0]
44.5% 67.3% Georgia 21.8% 34.0% Hawaii 20% 34% Idaho 27% 38% Illinois. ^[0]
30.0% 45.5% Indiana 12.5% 18.0% Iowa 15% 22% Kansas 10% 15% Kentucky 11% 16% Louisiana 6% 9% Maine 21% 30%. ^[0]
17.0% 25.4% Massachusetts 23.8% 38.3% Michigan 14.1% 19.7% Minnesota 26.7% 37.1% Mississippi 3% 5%. ^[0]
14.9% 22.2% Montana 27% 39% Nebraska 15% 23%. ^[0]
16.5% 29.1% New Hampshire 35% 50% New Jersey 16.4% 25.9% New Mexico 14% 20% New York 18.8% 35.1% North Carolina 25.9% 39.7% North Dakota 13% 21% Ohio 13.8% 20.9% Oklahoma 7% 11% Oregon. ^[0]
13.1% 20.8% Pennsylvania 10.3% 15.1% Puerto Rico 3% 4% Rhode Island 27% 44% South Carolina 25.9% 36.8% South Dakota 11% 16%. ^[0]
Around 10% of Alabama’s population lives in HOA communities. ^[0]
Roughly 14% of homeowners are part of HOAs. ^[0]
An estimated 185,720 homes in Alabama are part of HOA communities. ^[0]
Around 13% of Alaska’s population lives in HOA communities. ^[0]
Roughly 20% of Alaska homeowners are part of HOAs. ^[0]
An estimated 33,116 homes in Alaska are part of HOA communities. ^[0]
30.5% of Arizona’s population lives in HOA communities. ^[0]
46.7% of Arizona homeowners are part of HOAs. ^[0]
An estimated 80,650 homes in Arizona are part of HOA communities. ^[0]
Around 3% of Arkansas’ population lives in HOA communities. ^[0]
Roughly 5% of Arkansas homeowners are part of HOAs. ^[0]
An estimated 36,999 homes in Arkansas are part of HOA communities. ^[0]
35.6% of California’s population lives in HOA communities. ^[0]
64.9% of California homeowners are part of HOAs. ^[0]
An estimated 4.68 million homes in California are part of HOA communities. ^[0]
40.1% of Colorado’s population lives in HOA communities. ^[0]
60.9% of Colorado homeowners are part of HOAs. ^[0]
An estimated 464,751 homes in Colorado are part of HOA communities. ^[0]
12.9% of Connecticut’s population lives in HOA communities. ^[0]
19.9% of Connecticut homeowners are part of HOAs. ^[0]
An estimated 178,158 homes in Connecticut are part of HOA communities. ^[0]
Around 40.8% of Delaware’s population lives in HOA communities. ^[0]
Roughly 42.1% of Delaware homeowners are part of HOAs. ^[0]
An estimated 111,279 homes in Delaware are part of HOA communities. ^[0]
Around 19.7% of D.C.’s population lives in HOA communities. ^[0]
Roughly 65.6% of D.C. homeowners are part of HOAs. ^[0]
An estimated 79,313 homes in D.C. are part of HOA communities. ^[0]
44.5% of Florida’s population lives in HOA communities. ^[0]
67.3% of Florida homeowners are part of HOAs. ^[0]
An estimated 3.52 million homes in Florida are part of HOA communities. ^[0]
21.8% of Georgia’s population lives in HOA communities. ^[0]
34.0% of Georgia homeowners are part of HOAs. ^[0]
An estimated 838,920 homes in Georgia are part of HOA communities. ^[0]
Around 20.3% of Hawaii’s population lives in HOA communities. ^[0]
Roughly 33.8% of Hawaii homeowners are part of HOAs. ^[0]
An estimated 94,595 homes in Hawaii are part of HOA communities. ^[0]
Around 26.9% of Idaho’s population lives in HOA communities. ^[0]
Roughly 37.5% of Idaho homeowners are part of HOAs. ^[0]
An estimated 176,084 homes in Idaho are part of HOA communities. ^[0]
30.0% of Illinois’ population lives in HOA communities. ^[0]
45.5% of Illinois homeowners are part of HOAs. ^[0]
An estimated 1.46 million homes in Illinois are part of HOA communities. ^[0]
12.5% of Indiana’s population lives in HOA communities. ^[0]
18.0% of Indiana homeowners are part of HOAs. ^[0]
An estimated 324,173 homes in Indiana are part of HOA communities. ^[0]
Around 15.2% of Iowa’s population lives in HOA communities. ^[0]
Roughly 21.6% of Iowa homeowners are part of HOAs. ^[0]
An estimated 195,917 homes in Iowa are part of HOA communities. ^[0]
Around 9.9% of Kansas’ population lives in HOA communities. ^[0]
Roughly 14.9% of Kansas homeowners are part of HOAs. ^[0]
An estimated 112,468 homes in Kansas are part of HOA communities. ^[0]
Around 10.7% of Kentucky’s population lives in HOA communities. ^[0]
Roughly 16.0% of Kentucky homeowners are part of HOAs. ^[0]
An estimated 187,909 homes in Kentucky are part of HOA communities. ^[0]
Around 6.2% of Louisiana’s population lives in HOA communities. ^[0]
Roughly 9.3% of Louisiana homeowners are part of HOAs. ^[0]
An estimated 107,847 homes in Louisiana are part of HOA communities. ^[0]
Around 21.4% of Maine’s population lives in HOA communities. ^[0]
Roughly 29.7% of Maine homeowners are part of HOAs. ^[0]
An estimated 122,889 homes in Maine are part of HOA communities. ^[0]
17.0% of Maryland’s population lives in HOA communities. ^[0]
25.4% of Maryland homeowners are part of HOAs. ^[0]
An estimated 378,075 homes in Maryland are part of HOA communities. ^[0]
23.8% of Massachusetts’s population lives in HOA communities. ^[0]
38.3% of Massachusetts homeowners are part of HOAs. ^[0]
An estimated 631,097 homes in Massachusetts are part of HOA communities. ^[0]
14.1% of Michigan’s population lives in HOA communities. ^[0]
19.7% of Michigan homeowners are part of HOAs. ^[0]
An estimated 559,053 homes in Michigan are part of HOA communities. ^[0]
26.7% of Minnesota’s population lives in HOA communities. ^[0]
37.1% of Minnesota homeowners are part of HOAs. ^[0]
An estimated 593,649 homes in Minnesota are part of HOA communities. ^[0]
Around 3.2% of Mississippi’s population lives in HOA communities. ^[0]
Roughly 4.8% of Mississippi homeowners are part of HOAs. ^[0]
An estimated 35,499 homes in Mississippi are part of HOA communities. ^[0]
14.9% of Missouri’s population lives in HOA communities. ^[0]
22.2% of Missouri homeowners are part of HOAs. ^[0]
An estimated 365,806 homes in Missouri are part of HOA communities. ^[0]
Around 26.9% of Montana’s population lives in HOA communities. ^[0]
Roughly 39.1% of Montana homeowners are part of HOAs. ^[0]
An estimated 117,899 homes in Montana are part of HOA communities. ^[0]
Around 14.9% of Nebraska’s population lives in HOA communities. ^[0]
Roughly 22.5% of Nebraska homeowners are part of HOAs. ^[0]
An estimated 114,833 homes in Nebraska are part of HOA communities. ^[0]
16.5% of Nevada’s population lives in HOA communities. ^[0]
56.6% of Nevada homeowners are part of HOAs. ^[0]
An estimated 188,309 homes in Nevada are part of HOA communities. ^[0]
Around 35.3% of New Hampshire’s population lives in HOA communities. ^[0]
Roughly 49.7% of New Hampshire homeowners are part of HOAs. ^[0]
An estimated 191,010 homes in New Hampshire are part of HOA communities. ^[0]
16.4% of New Jersey’s population lives in HOA communities. ^[0]
25.9% of New Jersey homeowners are part of HOAs. ^[0]
An estimated 540,219 homes in New Jersey are part of HOA communities. ^[0]
Around 13.7% of New Mexico’s population lives in HOA communities. ^[0]
Roughly 20.2% of New Mexico homeowners are part of HOAs. ^[0]
An estimated 108,923 homes in New Mexico are part of HOA communities. ^[0]
18.8% of New York’s population lives in HOA communities. ^[0]
35.1% of New York homeowners are part of HOAs. ^[0]
An estimated 1.4 million homes in New York are part of HOA communities. ^[0]
25.9% of North Carolina’s population lives in HOA communities. ^[0]
39.7% of North Carolina homeowners are part of HOAs. ^[0]
An estimated 1.05 million homes in North Carolina are part of HOA communities. ^[0]
Around 12.6% of North Dakota’s population lives in HOA communities. ^[0]
Roughly 20.6% of North Dakota homeowners are part of HOAs. ^[0]
An estimated 40,774 homes in North Dakota are part of HOA communities. ^[0]
13.8% of Ohio’s population lives in HOA communities. ^[0]
20.9% of Ohio homeowners are part of HOAs. ^[0]
An estimated 651,891 homes in Ohio are part of HOA communities. ^[0]
Around 7.3% of Oklahoma’s population lives in HOA communities. ^[0]
Roughly 11.1% of Oklahoma homeowners are part of HOAs. ^[0]
An estimated 108,885 homes in Oklahoma are part of HOA communities. ^[0]
13.1% of Oregon’s population lives in HOA communities. ^[0]
20.8% of Oregon homeowners are part of HOAs. ^[0]
An estimated 215,403 homes in Oregon are part of HOA communities. ^[0]
10.3% of Pennsylvania’s population lives in HOA communities. ^[0]
15.1% of Pennsylvania homeowners are part of HOAs. ^[0]
An estimated 527,479 homes in Pennsylvania are part of HOA communities. ^[0]
Around 3.0% of Puerto Rico’s population lives in HOA communities. ^[0]
Roughly 4.4% of Puerto Rico homeowners are part of HOAs. ^[0]
An estimated 35,206 homes in Puerto Rico are part of HOA communities. ^[0]
Around 27.2% of Rhode Island’s population lives in HOA communities. ^[0]
Roughly 44.1% of Rhode Island homeowners are part of HOAs. ^[0]
An estimated 110,660 homes in Rhode Island are part of HOA communities. ^[0]
25.9% of South Carolina’s population lives in HOA communities. ^[0]
36.8% of South Carolina homeowners are part of HOAs. ^[0]
An estimated 511,351 homes in South Carolina are part of HOA communities. ^[0]
Around 10.9% of South Dakota’s population lives in HOA communities. ^[0]
Roughly 16.0% of South Dakota homeowners are part of HOAs. ^[0]
An estimated 38,402 homes in South Dakota are part of HOA communities. ^[0]
10.1% of Tennessee’s population lives in HOA communities. ^[0]
15.2% of Tennessee homeowners are part of HOAs. ^[0]
An estimated 268,276 homes in Tennessee are part of HOA communities. ^[0]
20.6% of Texas’s population lives in HOA communities. ^[0]
33.2% of Texas homeowners are part of HOAs. ^[0]
An estimated 2.05 million homes in Texas are part of HOA communities. ^[0]
19.1% of Utah’s population lives in HOA communities. ^[0]
27.1% of Utah homeowners are part of HOAs. ^[0]
An estimated 195,889 homes in Utah are part of HOA communities. ^[0]
46.2% of Vermont’s population lives in HOA communities. ^[0]
65.1% of Vermont homeowners are part of HOAs. ^[0]
An estimated 121,247 homes in Vermont are part of HOA communities. ^[0]
23.2% of Virginia’s population lives in HOA communities. ^[0]
35.1% of Virginia homeowners are part of HOAs. ^[0]
An estimated 740,735 homes in Virginia are part of HOA communities. ^[0]
31.0% of Washington’s population lives in HOA communities. ^[0]
40.1% of Washington homeowners are part of HOAs. ^[0]
An estimated 908,101 homes in Washington are part of HOA communities. ^[0]
Around 5.4% of West Virginia’s population lives in HOA communities. ^[0]
Roughly 7.3% of West Virginia homeowners are part of HOAs. ^[0]
An estimated 39,013 homes in West Virginia are part of HOA communities. ^[0]
12.7% of Wisconsin’s population lives in HOA communities. ^[0]
18.9% of Wisconsin homeowners are part of HOAs. ^[0]
An estimated 302,935 homes are part of HOA communities. ^[0]
Around 16.6% of the state’s population lives in HOA communities. ^[0]
Roughly 23.1% of homeowners are part of HOAs. ^[0]
An estimated 38,661 homes are part of HOA communities. ^[0]
70% of HOA residents claim to have had a good experience with their community associations. ^[0]
19% of HOA residents claim a neutral experience. ^[0]
89% say their HOA strives to serve the best interests of the community. ^[0]
71% of residents say their HOA’s rules protect and enhance property values. ^[0]
4% of residents say the rules actually harm property values. ^[0]
32% of HOA residents surveyed indicated that the fact that a home was in an HOA community was a deciding factor in their choice to purchase or rent that home. ^[0]
21% of HOA residents indicate the best aspects of living in a community association are the neighborhood’s cleanliness and good maintenance. ^[0]
62% of homeowners say their assessments are “just right” or “too little.”. ^[0]
Between 2005 and 2015, HOA fees rose 32.4%; home prices increased 15.1% during that time. ^[0]
As many as 75% of homes in the south and western regions of the United States are governed by HOAs. ^[0]
Among Community Association Managers, 61.3% of them are women compared to 38.7% which are men. ^[4]
The most common ethnicity among Community Association Managers is White, which makes up 67.6% of all Community Association Managers. ^[4]
Comparatively, there are 17.0% of the Hispanic or Latino ethnicity and 8.2% of the Black or African American ethnicity. ^[4]
White, 67.6% Hispanic or Latino, 17.0% Black or African American, 8.2% Asian, 4.7% Unknown, 2.0% American Indian and Alaska Native, 0.5% Community Association Manager Race Percentages. ^[4]
Using the Census Bureau data, we found out how the percentage of each ethnic category trended between 2010 2019 among Community Association Managers. ^[4]
Interestingly enough, the average age of Community Association Managers is 40+ years old, which represents 70% of the population. ^[4]
55% of Community Association Managers earn that degree. ^[4]
A close second is Associate Degree with 26% and rounding it off is High School Diploma with 8%. ^[4]
Bachelors, 55% Associate, 26% High School Diploma, 8%. ^[4]
Other Degrees, 5% Community Association Manager Degree Percentages Community Association Manager Wage Gap By Education. ^[4]
< 50 employees 50 100 employees 100 500 employees 500 1,000 employees 1,000 10,000 employees > 10,000 Company Size Percentages Employees with the Community Association Manager job title have their preferences when it comes to working for a company. ^[4]
By looking over 1,353 Community Association Managers resumes, we figured out that the average Community Association Manager enjoys staying at their job for 1 2 years for a percentage of 34%. ^[4]
Job Title LGBT Job Openings Construction Superintendent 2.16% 21,566 Engineering Operations Manager 8.13% 114,619 Traffic Chief 8.41% 13,786 Community Association Manager 9.31% Public Health Director 10.10% 78,941. ^[4]
Director Of Casework 12.85% 5,348 Gaming Director 14.43% 5,521. ^[4]
The most common foreign language among Community Association Managers is Spanish at 63.6%. ^[4]
The secondmost popular foreign language spoken is German at 15.2% and French is the third most popular at 6.1%. ^[4]
Spanish, 63.6% German, 15.2% French, 6.1% Russian, 6.1% Portuguese, 3.0% Other, 6.0% Foreign Language Percentages. ^[4]
64% of residents characterize their relationship with their association as “positive”, the highest rating provided within the framework of the study. ^[5]
90% of residents believe board members are operating in the best interest of their community. ^[5]
83% indicate that they get along well with their closest neighbors. ^[5]
92% report that they’re friendly with their board members. ^[5]
88% of those residents who had direct interaction with their property manager rate it as a positive experience. ^[5]
70% of residents indicate that the rules of the association enhance property values. ^[5]
More Americans live in community associations today than ever before, according to new research published by the Foundation for Community Association Research 2019 2020 National and State Statistical Review for Community Association Data. ^[6]
shows that 73.9 million Americans, or roughly 27% of the U.S. population, now live in a homeowners association, condominium community, or housing cooperative, collectively referred to as community associations or planned communities. ^[6]
According to the new report, based on data collected in 2019, California now leads the nation with 49,200 associations. ^[6]
There has been a consistent effort to increase the percentage of homeowners in the U.S., and since the 1960s, condominiums have tended to serve as lowercost entry housing, especially for first. ^[6]
Condominium communities account for 35–40% of the reported total of community associations. ^[6]
Average overall communities see 4,530% ROI. ^[7]
Advanced overall communities see 7,071% ROI. ^[7]
External average communities see 6,130% ROI. ^[7]
Internal average communities see 1,967% ROI 4. ^[7]
<1 year 1,469% 2 years 2,778% 4 years 4,136% 7 years 4,782% 10 years 5,315% 5. ^[7]
ROI Advanced generate 9,888% ROI 6. ^[7]
Communities are making a positive difference for brand and culture – 70% of communities positively impact culture and brand. ^[7]
Customer loyalty (67%)Lower support costs (48%)Awareness and branding (47%). ^[7]
Top 3 business outcomes of the averageinternalcommunityOrganizational and cultural change (54%)Communications efficiency (49%)Awareness and branding (43%). ^[7]
57% feel seen frequently or all of the time 63% feel heard frequently or all of the time 78% ask questions frequently or all of the time 70% provide solutions frequently or all of the time 9. ^[7]
External average communities named these as their top five use cases Customer support (71%) Networking (59%) Community of practice (48%) Marketing (45%). ^[7]
Internal average communities named these as their top five use cases Collaboration (76%) Community of practice (72%) Networking (70%). ^[7]
Corporate initiative (59%) Community of interest (56%). ^[7]
COVID 19 12% say it significantly accelerated. ^[7]
28% say it accelerated some plans. ^[7]
24% say it made little or no change. ^[7]
9% say it significantly stalled plans 15. ^[7]
Hiring outlook 20% of programs put hiring on hold. ^[7]
10% of programs reporting layoffs or expected lay. ^[7]
14% of community programs are still hiring or expecting to hire 16. ^[7]
17% have an approved, operational strategy. ^[7]
22% have an advanced strategy 17. ^[7]
Out of those with an advanced strategy 55% have a dedicated budget. ^[7]
Measure crossfunctional engagement objectives 45% of the time Report to cross functional executives 51% of the time 88% can calculate community value, and 70% can directly link community to business outcomes 18. ^[7]
“For communities that can connect engagement directly to business value, 77% of Advanced External Community programs impact customer loyalty – a top line, complex objective being pursued aggressively in today’s business climate.”. ^[7]
Over 50% of External Communities sit in either Customer Support, Marketing, or Product groups, while a smaller handful sit in External Communications, Operations, Learning & Development, Knowledge Management. ^[7]
About 10% operate as an independent department. ^[7]
28% of communities have formal advocacy and member leadership programs. ^[7]
25% of communities include executives in their decision making. ^[7]
34% of community programs have formalized roles. ^[7]
16% of communities have a funded roadmap. ^[7]
31% of communities had a budget increase for 2020. ^[7]
52% are inactive 25% validate 11% share 7% act and answer 6% explore 28. ^[7]
HOAs are becoming increasingly popular — in fact, according to data from iProperty Management, 61 percent of new housing built for sale in the U.S. is in an HOA. ^[8]
From The Group Inc. Average sales prices across the region increased by 1.9% Low available inventory, which is pushing new development communities. ^[8]
In 2019, Loveland saw the greatest percent increase in yearover year home prices at 5.4%; the average home priced was $409, 236. ^[8]
24% of Americans live in an HOA $200 to $300 —. ^[8]
to satisfactorily complete a 16hour pre license online course Over half of CAM employers (63%). ^[9]
According to the Bureau of Labor Statistics, CAMs in Tampa only earn an average of $63,040 annually, however further north in Tallahassee, the average salary per year stands at a considerably higher $71,410. ^[9]
In fact, when compared to all American workers across all professions, CAMs are 21 percentage points more satisfied. ^[9]
Last year’s survey respondents had a higher satisfaction (74% were satisfied or very satisfied with their career). ^[9]
The community association housing model continues to grow with an estimated 80% of all new housing starts are in a community association. ^[2]
According to the 2016 analyses by the Demographic Research Group, Weldon Cooper Center for Public Service at University of Virginia. ^[2]
In the year 2040, there are 8 states that will make up 50% of the U.S. population and 15 states that will make up 70% of the US population. ^[2]
CAI estimates 50% of the housing stock in California and Florida is in a community association. ^[2]
See the top 15 list below with estimated population. ^[2]
Homeowners associations account for about 5155% of the totals, condominium communities for 4245% and cooperatives for 3. ^[2]
Pew Research Center estimates that in 2010 64% of the population was white, 12% black, and 16% is Hispanic, and 8% other races. ^[2]
In 2060, it is estimated 43% of the population will be white, 13% black, 31% Hispanic, 8% Asian, and 6% other. ^[2]
“Projected growth” represents the estimated change in total employment over the projections period. ^[10]

I know you want to use Community Association Management Software, thus we made this list of best Community Association Management Software. We also wrote about how to learn Community Association Management Software and how to install Community Association Management Software. Recently we wrote how to uninstall Community Association Management Software for newbie users. Don’t forgot to check latest Community Association Management statistics of 2024.

Reference

ipropertymanagement – https://ipropertymanagement.com/research/hoa-statistics.
ibisworld – https://www.ibisworld.com/united-states/market-research-reports/homeowners-associations-industry/.
caidc – https://www.caidc.org/growth-and-trends-of-the-community-association-housing-model/.
bls – https://www.bls.gov/oes/current/oes119141.htm.
zippia – https://www.zippia.com/community-association-manager-jobs/demographics/.
fsresidential – https://www.fsresidential.com/corporate/news-and-articles/articles/six-stats-that-should-make-homeowner-association-b/.
globenewswire – https://www.globenewswire.com/news-release/2020/09/22/2097611/0/en/NEW-HOUSING-REPORT-SHOWS-73-9-MILLION-AMERICANS-RESIDE-IN-HOMEOWNERS-ASSOCIATIONS-AND-CONDOMINIUM-COMMUNITIES.html.
higherlogic – https://www.higherlogic.com/blog/online-communities-key-facts-statistics-2020/.
kellisoncorp – https://kellisoncorp.com/blog/hoa-management/interesting-hoa-and-housing-marketing-statistics-you-should-know-for-2020/.
flcaa – https://www.flcaa.com/post/salary-income-money-licensed-cam-community-association-manager-florida.
onetonline – https://www.onetonline.org/link/summary/11-9141.00.

How Useful is Community Association Management

One of the key benefits of CAM is its ability to maintain property values within a community. By enforcing rules related to landscaping, property maintenance, and architectural standards, CAM ensures that the community retains its aesthetic appeal, which can ultimately lead to higher property values. This is particularly important for homeowners who have invested a lot of time and money into their homes and want to protect their investment for the long term.

Another important aspect of CAM is its role in fostering a sense of community among residents. By organizing social events, neighborhood cleanups, and other community-building activities, CAM can help residents get to know their neighbors and develop meaningful connections with one another. This sense of community can lead to increased safety and security within the neighborhood, as neighbors are more likely to look out for one another and report any suspicious activity to authorities.

On a more practical level, CAM can also save residents time and effort by taking care of administrative tasks and maintenance issues on their behalf. From collecting dues and coordinating repairs to resolving disputes between neighbors, CAM professionals can handle the day-to-day operations of the community so that residents can focus on other aspects of their lives. This level of support can be particularly helpful for busy professionals, families with young children, and elderly residents who may not have the time or energy to deal with community-related issues on their own.

Despite these benefits, some critics argue that community association management can be overly restrictive and infringe on residents’ personal freedoms. Rules regarding what color residents can paint their homes, where they can park their cars, and even what type of pets they can own can be seen as intrusive and unnecessary by some. It’s important for CAM professionals to strike a balance between enforcing rules that benefit the community as a whole and respecting the individual rights and preferences of residents.

In conclusion, community association management can be a valuable asset for neighborhoods and residential developments, helping to maintain property values, foster a sense of community, and save residents time and effort. By working together to find the right balance between enforcement and flexibility, CAM professionals can create a thriving and harmonious living environment for all residents.

In Conclusion

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Community Association Management Statistics 2024 – Everything You Need to Know