How to Money · Friday, September 4, 2026
The market for older condominiums is experiencing a downturn due to rapidly increasing Homeowners Association (HOA) fees and special assessments. Median annual HOA fees for condos built before 2000 have reached $11,431, or approximately $1,000 per month, significantly impacting their investment appeal compared to newer properties.
“The market for older condos is cratering as buyers shun rising HOA fees.”
“And this website found that, and I quote, median fees for a condo constructed before the year 2000 were $ 11, 431 per year? You're talking about $ 1, 000 per month in HOA fees.”
“As opposed to newer condos that were constructed in the past decade, you're only looking at around 400 bucks. So that's a massive, massive difference.”
“I think owners and buyers need to be aware of this trend. For some people, getting out of an older unit, if you see the writing on the wall, might make sense.”