|
Data on U.S. Community Associations
- Estimated number of association-governed communities,
individual housing units and residents within those
communities:
Year
|
 |
Communities
|
 |
Housing Units
|
 |
Residents
|
|
1970 |
 |
10,000 |
 |
701,000 |
 |
2.1
million |
|
1980 |
 |
36,000 |
 |
3.6
million |
 |
9.6
million |
|
1990 |
 |
130,000 |
 |
11.6
million |
 |
29.6
million |
|
2000 |
 |
222,500 |
 |
17.8
million |
 |
45.2
million |
|
2002 |
 |
240,000 |
 |
19.2
million |
 |
48.0
million |
|
2004 |
 |
260,000 |
 |
20.8
million |
 |
51.8
million |
|
2005 |
 |
274,000 |
 |
22.1
million |
 |
54.6
million |
Association-governed communities include homeowners
associations, condominiums, cooperatives and other planned
communities. Homeowners associations and other planned
communities account for 55-60% of the totals above, condominiums
for 35-40% and cooperatives for 5-7%.
- More than 54 million Americans live in
association-governed communities. At least 1.25 million
people serve on community association boards, with another
300,000-plus serving as committee members.
- Estimated annual operating revenue for U.S. community
associations is more than $35 billion.
- The value of the homes in all community associations is
estimated at $3.5 trillion.
Community associations have become increasingly popular
because they help protect home values and help meet increased
demand for privatization of services as public officials
off-load services that were traditionally provided by
government, e.g., trash pickup, snow removal, landscaping,
street lighting and street and sidewalk maintenance.
Many communities maintain swimming pools, tennis courts,
playgrounds and other amenities that most Americans cannot
afford on their own. Many community associations also provide
security, social activities, clubhouses, walking trails and
lakes and ponds.
Planned communities often provide a more efficient use of
land than communities that are developed one home at a time. In
addition to addressing sprawl, these efficiencies often make
planned communities a more affordable way to own a home,
especially for first-time homebuyers, retirees and low- and
moderate-income families.
In the best communities, associations offer a real sense of
community, an important contribution in an increasingly
transient society. |