If the homeowners association (HOA) industry were considered a single entity, it would likely rank just outside the top 100 on the Fortune 500 list. This is quite significant, considering the decentralized nature of HOAs and their primary focus on community management rather than profit generation.
The fees are usually higher for condominiums, which make up about 35% of the share, because of building maintenance and groundskeeping.
“Over the past five years, industry revenue will grow at a CAGR of 0.2% to $38.2 billion, including a 0.2% growth in 2024 alone.”
https://www.ibisworld.com/united-states/market-research-reports/homeowners-associations-industry/
https://www.doorloop.com/blog/hoa-statistics
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