HOA fees vary, depending on what expenses they cover and the size of your homeowners association. Sometimes, larger HOAs with more members have lower fees, because there are more members to split the cost. The Consumer Financial Protection Bureau estimates that HOA fees can range between a few hundred dollars to more than one thousand dollars a month.
Keep in mind that HOA fees can change over time, depending on the needs and size of the community. If you want to buy a home inside an HOA, you can review the association’s financial disclosures prior to the sale being finalized. This allows you to see what the HOA fees cover and how regularly the fee changes.