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]

Also Read

How Useful is Community Association Management

One of the primary reasons why community association management is useful is its ability to streamline the decision-making process within a community. Oftentimes, community members have differing opinions on how to handle certain issues, such as budgeting for maintenance or implementing new rules and regulations. Community association managers act as neutral third parties who can objectively assess the situation and make informed decisions for the benefit of the community as a whole. By having an organized and structured management system in place, communities can avoid unnecessary conflicts and operate more efficiently.

Additionally, community association management can enhance the quality of life for residents within a community. These management companies are responsible for ensuring that common areas are well-maintained, amenities are kept in top condition, and any necessary repairs are promptly addressed. This level of oversight and attention to detail can significantly improve the overall aesthetics and functionality of a community, creating a more pleasant living environment for all residents.

Furthermore, community association management can provide valuable support for residents who may not have the time or expertise to handle complex administrative tasks themselves. For example, managing a community’s finances, enforcing rules and regulations, and organizing community events can be time-consuming and challenging for individual residents to handle on their own. Community association managers can take over these responsibilities, allowing residents to focus on other aspects of their lives while still enjoying the benefits of a well-maintained community.

Another benefit of community association management is its role in promoting a sense of community and social connection among residents. By organizing events, facilitating communication between residents, and fostering a sense of shared responsibility for the community, management companies can help strengthen the bonds within a community. This can lead to increased resident satisfaction, a greater sense of belonging, and a more cohesive and harmonious living environment.

In conclusion, community association management plays a vital role in ensuring the smooth operation and overall well-being of common-interest communities. From streamlining decision-making processes to enhancing the quality of life for residents, these management companies provide a wide range of benefits that contribute to the success and sustainability of housing communities. Ultimately, effective community association management is an invaluable resource that helps to create thriving and vibrant communities where residents can live, work, and play in harmony.

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