Average HOA Dues Now $0.71 a Square Foot a Month
Four years ago we posted some stats from a local condo property management company, Yalnes, in how does your HOA compare?. Curious to know what current average HOA dues are here’s an update from Yalnes for the properties they manage:
- $0.71 is the average monthly assessment owners in Seattle pay to their Condominium Associations per square foot (was $0.64)
- $0.61 is the average monthly assessment owners in Puget Sound pay to their Condominium Associations per square foot (was $0.52)
- 2.41% is the average delinquency rate Yalnes maintains for its clients in Seattle (was 2.38%)
- 3.88% is the average delinquency rate Yalnes maintains for its clients in Puget Sound (was 6.24%)
- 77% is the average owner occupancy ratio of all Yalnes clients (was 73%)
- 11% is the average insurance premium Yalnes clients pay as compared to their annual budget (was 13%)
- 19% is the average reserve contribution Yalnes clients allocate as compared to their annual budget (was 19%)
If any other property managers have data, we’d love to share it!
