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...