Community Association Management Statistics

Community Association Management Statistics 2023: Facts about Community Association Management outlines the context of what’s happening in the tech world.

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Top Community Association Management Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 11 Community Association Management Statistics on this page 🙂

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Community Association Management “Latest” Statistics

• The cleanliness and proper upkeep of the area are cited as the top features of living in a community association by 21% of HOA members.^[1]
• Florida has the greatest percentage of homeowners that belong to community associations, at 67.3%.^[1]
• Most associations, between 30% and 40%, are self-managed, which means they don’t hire a community manager or management firm.^[2]
• Approximately 50,000 to 55,000 community managers work for associations, offering them professional services.^[2]

Community Association Management “Other” Statistics

• 44.8% of HOA members who responded to a study said they were more likely to choose to buy or rent a house if it was in an HOA neighborhood.^[1]
• The average homeowner HOA membership rate throughout the other states and territories, including the District of Columbia and Puerto Rico, is 10.3%.^[1]
• HOA resident numbers increased from 2019 to 2020 by 0.27% but homeownership rates were unchanged.^[1]
• West Virginia has the greatest homeownership percentage (78.2%), but also one of the lowest homeowner HOA membership rates (2.9%).^[1]
• The median pay is the wage estimate at the 50th percentile, meaning that 50% of employees earn less than the median and 50% of workers earn more than the median.^[3]
• Each year, they put in about 78 million hours of service, worth an estimated 1.6 billion dollars.^[2]
• CAMs are 21 percentage points more satisfied than all American employees across all occupations, 74% of people said their career was very or very satisfying.^[4]

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How Useful is Community Association Management

One key aspect of community association management is financial management. These companies are tasked with creating and managing budgets, collecting dues from residents, and ensuring that funds are allocated appropriately for maintenance and repairs. Without proper financial management, communities could be left without the necessary resources to address issues that arise, leading to deteriorating facilities and decreasing property values.

In addition to financial management, community association management also plays a critical role in enforcing rules and regulations. By establishing and enforcing community guidelines, these management companies help maintain property values and ensure that residents can enjoy a peaceful and harmonious living environment. Without this level of oversight, communities could devolve into disarray, with residents ignoring rules and regulations that are put in place for the benefit of all.

Furthermore, community association management serves as a valuable resource for residents. These companies provide a point of contact for residents to voice their concerns or seek assistance with any issues they may be experiencing. Whether it’s a dispute between neighbors, a maintenance request, or a question about community guidelines, residents can rely on the management company to help address their needs and concerns in a timely and efficient manner.

Another important function of community association management is the management of property maintenance and repairs. These companies are responsible for ensuring that common areas such as parks, pools, and landscaping are well-maintained and free from safety hazards. By maintaining these shared spaces, community association management helps create a sense of pride and unity among residents, fostering a strong sense of community within the neighborhood.

Overall, the role of community association management is invaluable in ensuring the overall well-being and functionality of residential communities. These companies provide essential services such as financial management, rule enforcement, resident support, and property maintenance that are crucial for maintaining property values and creating a sense of community among residents.

In conclusion, community association management is a vital component of residential neighborhoods, providing essential services that help maintain the functionality and harmony of communities. Without the oversight and support provided by these management companies, communities could suffer from financial instability, rule violations, and deteriorating property values. It is clear that community association management plays a crucial role in supporting the well-being of residents and ensuring the long-term success of residential communities.

Reference

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1. ipropertymanagement – https://ipropertymanagement.com/research/hoa-statistics
2. ciaservices – https://www.ciaservices.com/cia-about-newsletter-detail.php?id=85574
3. bls – https://www.bls.gov/oes/current/oes119141.htm
4. flcaa – https://www.flcaa.com/post/salary-income-money-licensed-cam-community-association-manager-florida