Community Association Management Statistics


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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 🙂

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 of the key functions of community association management is to enforce and uphold the rules and regulations set forth by the community’s governing documents. These rules are implemented to ensure that properties are maintained in a uniform manner that is aesthetically pleasing and in compliance with community standards. CAMs are responsible for enforcing these rules to prevent any potential violations that could impact the overall appearance and value of the neighborhood.

Furthermore, Community Association Management provides residents with a centralized point of contact for addressing any concerns or issues they may have within the community. This includes addressing maintenance needs, organizing community events, and facilitating communication between residents and the association board. Having a designated management team in place helps to streamline communication and ensures that residents’ needs are being addressed in a timely and efficient manner.

In addition to maintaining property values and enforcing rules, community association management also plays a crucial role in organizing community events and initiatives that foster a sense of camaraderie among residents. By creating opportunities for neighbors to come together, CAMs help to build a strong sense of community pride and belonging. This, in turn, can lead to a more cohesive and harmonious neighborhood where residents feel connected and invested in the well-being of their community.

Moreover, Community Association Management can also provide valuable resources and expertise in areas such as financial management, legal compliance, and property maintenance. Many associations may lack the necessary experience or knowledge to effectively manage the day-to-day operations of their community. By outsourcing these tasks to a professional management team, associations can benefit from the expertise and guidance needed to navigate complex issues and ensure the long-term viability of the community.

While Community Association Management offers a range of benefits and services to residents and property owners, it is important to recognize that its usefulness may vary depending on the specific needs and circumstances of each community. Some neighborhoods may require more hands-on management and oversight, while others may be able to function effectively with minimal intervention from a management team.

In conclusion, Community Association Management plays a crucial role in maintaining the overall well-being and functionality of neighborhoods and communities. From enforcing rules and regulations to fostering a sense of community spirit, CAMs provide valuable services that contribute to the overall quality of life for residents. While its usefulness may vary depending on the specific needs of each community, it is clear that effective management is essential for ensuring the long-term success and sustainability of neighborhoods across the country.

Reference

  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

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