YuriArcursPeopleimages / Envato Homeowners’ association fees and property taxes can add up, and homebuyers should consider just how much they can impact the overall cost of a home. As of 2024, about 3 million households in the U.S. paid more than $500 a month in HOA or condo fees. (1) In some cases, increases in HOA fees and property taxes could even make a home that was once within your budget suddenly unaffordable. Imagine the case of Mark, a father of two who has recently gone through a divorce. He ...