Average HOA fees in Colorado

Is there a source for HOA statistics that would tell me average HOA fees for single family homes, HOA maintained paired housing and HOA maintained "patio homes" maybe by county in Colorado? I've "googled it", but so far nothing concrete.

Thanks!

Ditto what MarkM19.

For concrete

From your HOA's Declaration supplemented by walking the HOA grounds, identify what infrastructure is the HOA's responsibility to maintain.

Identify the cost of management (employees or preferably, a company under contract); the cost of routine maintenance of all infrastructure; and the cost of any utilities.

Identify all capital components (meaning that infrastructure with a life of more than one year).

Have a reserve study done by licensed reserve analysts.

Using the above information, set the assessment for each home.

Comparing fees in different communities can be misleading and may not tell you what you believe that it does.

As others noted, it all depends on what the association's expenses are:

* How many homes are in the community? How old are they? Does the association cover exterior maintenance of homes, or not? If so, to what extent?

* What utilities are paid via the fee? Are these for the homes or only for the common areas?

* Are the roads private and maintained by homeowners or maintained by the local municipality?

* What amenities does the community offer? How old are they and how well have they been maintained? Does the community derive any income from these amenities?

* What are the community's reserves like: well funded? underfunded? reserves??? (This information in particular is not easily obtained, and it is - or should be - a significant part of annual assessments. Does the community have to play catch up, or is it sitting pretty?)

* What is the community's situation regarding insurance: properly insured? trying to cheap it out? Are their rates high because of previous claims, or comparable to other communities of their size?

* Is the community paying off a loan? Are they having to rely on special assessments rather than setting the assessment fees properly?

* Has the community had to settle a lawsuit?

* Is there any kind of easement that must also be paid for out of the assessment?

All of these things can affect the amount of the assessments, and as you can tell, two communities that appear to be very similar can have very different financial situations. So use caution when coming to any conclusions based on the assessment amounts.

If our streets were dedicated, we could cut our fees nearly in half.

> Comparing fees in different communities can be misleading and may not tell you what you believe that it does.

I can see no reason to look for averages and even anecdotal experiences can be difficult to use.

Ask yourself: what am I getting? For what I am getting- is the cost reasonable? And- are there signs of large amounts of deferred maintenance?

Managerspeak "benchmarking" only makes sense if you can compare similar things.

Folks, he's just asking if there's a way to determine average fees/dues. There's nothing wrong with trying to determine that as long as one realizes the wherefores and whys for each HOA will be different. Like it or not, people do make these comparisons.

I don't live in their state. I told them a possible way to get a rough range based on information that may be available. I don't know why they want this information, nor do I care; I was simply letting them know how they might figure it out.

You can compute a mathematical average, but it's just a number stripped of any meaning or context. In fact, having this number means you've gone from being uninformed to being misinformed, because you now believe that you know something when in fact you don't. It's why we have the phrase "lies, d@amned lies, and statistics".

Of course you could get an average; it's simply a mathematical term. Get the monthly/yearly dues amounts for X number of HOAs, divide the total by X, and boom, there's your average. Or someone could calculate the median instead if they wanted.

But (and I've said this twice now in this thread), it won't tell you anything by itself. It's not a "correct" or ideal number, and nobody is claiming that it is. Yet for some reason, people in this thread keep arguing this point.

Just saying: I think it's more like you asked for a number that is random, providing no reason for this. Several people explained why the number is random. Obviously the answers were of no use to you. This is fine. But I think responses here, reflecting IMO extensive experience typically from retirees and the generosity of volunteers, are designed to help others down the road. Good luck to you. Thank you to all who posted.