Average HOA Cost Annual Report

Stephen FitzMaurice, Realtor writes regular guides on average HOA costs in the greater Portland metro area to help condo owners and potential buyers understand if their HOA might be over or under charging.

If you’re thinking of selling your condo in the next twelve months, Stephen would love to tour your unit. Call today to set an appointment.

Stephen FitzMaurice, Realtor
4% Max. to Sell a Home
Cancel Anytime Policy
Licensed Since 2003
503-714-1111

If you’re considering buying a condo in the next twelve months, Kami Price, buyers specialist would love to hear what you’re looking for. Call today to set an appointment.

Kami Price, Realtor
Represented Hundreds of Buyers
Licensed since 2004
503-773-0000

portland condos

HOA Fees up 30% since 2020 in Portland, Oregon

June 30, 2023

This is our fourth year calculating average HOA fees in Portland, Oregon. Last year we were surprised to report that HOA fees had jumped a whopping 20% in the city over a short two year period. It is no longer uncommon to see monthly HOA fees top $1,000 a month. These fees are not trivial and are extremely important. In Oregon, the HOA is allowed to foreclose on your property to recover missing HOA payments. Why do HOA fees vary so widely? Bad planning. New construction homes and condos often start with really low HOA fees to attract buyers, along with the idea that no major maintenance will come up anytime soon. Then, if the HOA fails to increase their...

HOA Fees Have Inflated 20% in Portland, Oregon since 2020

August 24, 2022

Many condo complexes and high rises in Portland, Oregon have high monthly HOA fees can cost as much as half the monthly mortgage payment (or more). Many condos and townhomes now have HOA fees well over $1,000 a month. Needless to say, it is important to pay attention to HOA fees when buying or selling real estate in Portland, especially considering recent inflation driven HOA costs. HOA Fees are important. You can lose your home. It is crucial to have some sort of way to compare HOA fees within a greater metro. If you’re living in a HOA now, how would you know if your HOA is charging too much (or even not enough)? If you’re shopping for a condo...

average hoa fees and costs

Average HOA Fees in Portland 2021. Are your HOA fees too high?

June 28, 2021

Some HOA fees are too high due to past mismanagement There are some condo complexes in Portland right now that have higher monthly HOA fees than the cost of the monthly mortgage if you were to buy one of their condos for sale. This happens for two main reasons. First, sometimes HOA management collected too little in fees for too many years, giving themselves a financial break at the time by not saving up properly for future costs to cover whatever the HOA made itself responsible for. This is why it is crucial for a condo buyer to analyze the HOAs financials and reserve study before purchasing, to make sure the HOA won’t suddenly have a special assessment (huge hike...

average hoa cost portland real estate

Average HOA Cost in Portland Real Estate – 2020 Report

June 19, 2020

The average HOA or home owners association fee amount in the city of Portland isn’t easy to obtain. Sure, we have access to all the sold data as real estate agents, but HOAs are wildly different from one another. Some HOAs have no fees, they simply exists to enforce certain building standards or conditions of the homes in their area. Some HOAs cover very little, like a once a year $50 fee to maintain a community sign. Other HOAs cover all or most utilities, exterior maintenance, internet, pools, club houses, private parks, and much more. So it is tough to get an average cost, but it can be done. HOA Cost Formula Criteria In order to give the public an...