What’s the Latest Statistics
from Community Associations Institute
In 2014, there were almost 27 million housing units in community associations, or planned communities. Not surprisingly, Florida and its prolific retirement scene had the most associations (47,100), followed closely by the more-populous but equally aestheticminded California (43,300 associations).
The statistics come from Community Associations Institute (CAI), which cites these facts and more in its recent release of “National and State Statistical Review for 2014,” giving loads of communityassociation information by-the-numbers, such as: The number of community associations has grown from 10,000 communities in 1970 to nearly 334,000 communities in 2014, providing townhome-, condoand cooperative-living to more than 66 million residents.
Additional Data
0.7 % $4.95 trillion of the U.S. population lives in a community association
is the value of homes in community associations
$70 billion
in assessments were collected to fund essential association obligations, including utilities, insurance, common area maintenance, professional management, landscaping, capital improvements and amenities
$22 billion
assessment dollars went to reserve funds, contributing to the future repair and replacement of roofs, streets, pools, elevators and other common expense
30-40 %
of associations are self-managed After the two runaway leaders, numbers three and four are Texas and Illinois, with nearly 20,000 associations apiece. North Carolina, New York, Massachusetts, Georgia and Washington State have between 10,000 and 13,600 associations each.
Where does our state place? Minnesota’s 1.2 million association members own homes in 7,500 associations, landing it 15th in the ranks of states with the most planned communities.
Twelve states ranked 16 through 27 have between 3,200 and 6,700 community associations; with between 2,000 and 3,000 associations are Alabama, Idaho, Iowa, Kentucky and New Hampshire. States with fewer than 1,000 associations are Alaska, Arkansas, Mississippi, North Dakota, South Dakota, West Virginia and Wyoming.
Number of community association management companies:
7,000-8,000
2,300,000
people serve as association board and committee members, contributing
78,000,000
hours of their time to service Estimated value of time provided by board and committee members:
$1.6 billion
(based on Bureau of Labor Statistics estimate of $22.50 per hour of volunteer time) — Additional statistical information published by the Foundation for Community Association Research is available at www.cairf.org/factbook 34
Minnesota Communit y Living