Wouldn’t that be great news? Homeowner associations have hit a wall! Maybe even begin to decrease.
The chart shows the population living in HOAs (overall term) is about 19.6% of the US population. The chart does introduce a distortion due to the 2-year periods, but the 10-year increases between 1990 – 2000 and 2000 – 2010 are about the same, roughly 4%. However, the increase from 1980 – 1990 was almost double, a whopping 7.8%.
Remember that as the US population continues to grow we can expect the number of people living in HOAs to increase likewise. And with local governments mandating only HOAs, an an increase is most likely. However, we can hope that the HOA percentage does, indeed, begin to drop. (Recall that Arizona has 23.4% of its residents living in HOAs).
Source data from US Census and industry data.