Utah HOAs have a membership rate below the national average. Many buyers think about the amount of their monthly mortgage payment when purchasing a home and often overlook HOA dues. The monthly fee. Mississippi HOAs have a membership rate among the lowest in the nation. Learn more. Massachusetts HOAs have a membership below the national average. Roughly 14.16 million people in California live in HOA communities. Radon in Colorado? An estimated 398,462 homes in Maryland are part of HOA communities. 58% of homeowners say their assessments are just right or too lttle. Numbeo estimates that Colorado Springs families should plan about $350 per month in food per person, which is, again, slightly higher than the national average. New York HOAs have a membership rate below the national average. The HOA Information and Resource Center (The HOA Office) A program of the Division of Real Estate. An estimated 353,846 homes in Missouri are part of HOA communities. The average cost is more than . Infant care has a higher cost than care for older children who require less one-on-one attention. A mortgage loan officer does consider HOA dues when calculating a buyers monthly payment, not just the mortgage payment alone. 48.8% of Vermonts population lives in HOA communities. That makes up just 0.78 percent of the home price, according to a 2021 report by ClosingCorp. Roughly 635,000 people in Utah live in HOA communities. Around 37.9% of New Hampshires population lives in HOA communities. New HOA construction increased by 131.5% between 2009 and 2019. This number grew to over 27 million housing units in 2020, a 39x increase. ft. townhouse is a 3 bed, 3.0 bath unit. Relocating to Colorado Springs? 22% of HOA residents claim a neutral experience. For example, condo associations often have higher dues because they typically offer more amenities like fitness centers, concierges, valets, etc. That's our summary and key statistics for HOAs in 2022. If you think you have been blocked in error, contact the owner of this site for assistance. Even though everyone would prefer to pay as little as possible, low HOA fees arent necessarily good either. If your HOA is voluntary, you could avoid fees; this type of setup is uncommon though as it puts a lot of pressure on the volunteers who are trying to maintain the neighborhood. In 1970 there were around 700,000 housing units in HOAs in the US. 9.0% of Maryland homeowners are part of HOAs. If you are considering buying a home in the Springs or moving here for the first time, look closely at your income and use a cost of living calculator to make sure it's a good financial fit. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. 26.4% of North Carolinas population livesin HOA communities. MLS # 9606535 . Patch.com suggests that a fair monthly rate for a 2-bedroom home in Colorado Springs ranges between $1,700 and $1,800. There are fewer than 1,000 HOAsin Wyoming. Roughly 6.3% of Louisiana homeowners are part of HOAs. If you are interested in settling down in the Springs you should start by downloading our Free Relocation Guide. Colorado HOA Reform Laws. "I've notified the City of Colorado Springs. Roughly 460,000 people in Connecticut live in HOA communities. Around 21.6% of Hawaiis population lives in HOA communities. West Virginia HOAs have a membership rate far below the national average. 14.0% of Michigans population lives in HOA communities. There are between 1,000 and 2,000 HOAs in Kansas. E-Health Insurance estimates that a Colorado individual would pay about $369/month for a major medical plan.). For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. View more property details, sales history and Zestimate data on Zillow. 18.5% of Washington homeowners are part of HOAs. Single Family Home Sales for March 2011 El Paso County. You can also send an email to News5Investigates@KOAA.com. 2023, iPropertyManagement.com. Buyers should have a budget to make sure their monthly income will cover the mortgage payment and HOA dues for the property they plan on purchasing. Each HOA in California has an average of 286 residents. There are between 2,000 and 3,000 HOAs in Idaho. A buyers monthly payment increases approximately $5 for every $1,000 increase in purchase price. That being said, Colorado Springs is still one of the most affordable urban areas in Colorado. It depends on a number of factors such as where you live, the type of HOA you have, and the nature of your common areas. An estimated 865,769 homes in Arizona are part of HOA communities. In the 1970s, residency in HOA communities grew at an annual rate of 35.71%. Listing provided by Pikes Peak MLS $390,000 4 bds 2 ba 1,719 sqft - House for sale 2 days on Zillow 935 Saturn Dr #124, Colorado Springs, CO 80905 THE PLATINUM GROUP. Roughly 565,000 people in Oregon live in HOA communities. Illinois HOAs have a membership rate on par with the national average. Suite 102. Based on average residency rates, roughly 522,500 people in New Hampshire live in HOA communities. 5.6% of Pennsylvania homeowners are part of HOAs. There are between 2,000 and 3,000 HOAs in New Hampshire. An estimated 2.35 million homes in Texas are part of HOA communities. Well maintained 4 bedroom/3 bath home for sale in Colorado Springs Conveniently Located! 89 - Hunters Point HOA. Terms & Privacy | Legal Disclaimer | Sitemap | Contact Us, 13 Statistics About HOA Communities Thatll MakThatllroud, U.S. Census Bureau (Census), Characteristics of New Housing, Community Associations Institute (CAI), Community Associations Remain Preferred Places to Call Home: 2020 Homeowner Satisfaction Survey, CAI, 2020-2021 U.S. National and State Statistical Review for Community Association Data, Science Direct, The Rise and Effects of Homeowners Associations, Community Associations & American Homeowners, Correlation of Homeowners Associations and Inferior Property Value Appreciation, Community Assn Manager Compensation & Salary Survey 2017, HomeownersHomeownersns Industry in the US Market Research Report, Housing Vacancies and Homeownership (CPS/HVS), Homeowners Associations and Their Impact on the Local Public Budget. Local development planning processes typically mandate an HOA when approving a new community. For HOA housing of any type, including condominiums and common interest communities, monthly fees average $170. 26.5% of South Carolinas population lives in HOA communities. Find Colorado Springs, CO homes for sale matching No Hoa Fees. From 2019 to 2020, HOA resident populations grew by 0.27% as homeownership rates stagnated. Rates can be affected by your driving history, age, and marital status. 13.7% of Minnesota homeowners are part of HOAs. . Keep in mind that these are educated estimates, and fees may have increased since the survey was conducted. Thats because these properties are often in better shape than homes that are not regulated by an association. You will hopefully not meet your deductible every year, but its important to be aware of your financial responsibility for potential medical bills. An estimated 287,308 homes are part of HOA communities. Most cost of living indexes set a base cost of living represented by 100. Based on average residency rates, roughly 313,500 people in Rhode Island live in HOA communities. I have had a seven unit complex with no amenities paying $180.00 per month. . An estimated 40,192 homes in North Dakota are part of HOA communities. HOAs contribute a collective $306 billion to the national economy each year through volunteer time, taxes, home improvements, housing services, etc. First, for those of you in townhome communities here in Colorado Springs area, what do you pay for your monthly HOA fee. 6.7% of Indiana homeowners are part of HOAs. The only significant exception is if you purchased a home before the neighborhood transitioned into a homeowners association. While it isn't in the top 10, Colorado is the 15th state with the highest closing costs in the country, at an average of $2,906, taxes included, for a home priced at $371.498. Roughly 8.8% of Nebraska homeowners are part of HOAs. Roughly 853,000 people in Indiana live in HOA communities. There are between 1,000 and 2,000 HOAs in New Mexico. The National Average for the 265 Urban Areas in this index is 100. A few local favorites include Eleven Mile State Park, Mueller State Park, Rocky Mountain National Park, and San Juan National Forest. Pitkin, County home to Aspen takes the number one spot with a whopping $5,074,070 median sales price. Roughly 1.8% of Mississippi homeowners are part of HOAs. any late fees and interest the HOA is entitled to charge on a delinquent owner's account; Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. This browser is no longer supported. 2023 Colorado Springs Realtor Patricia Beck, All Rights Reserved. An estimated 120,577 homes in Hawaii are part of HOA communities. Colorado Springs is home to the Olympic Training Center and Olympic museumbut also features a rich local history and budding nightlife. 10.5% of Nevada homeowners are part of HOAs. An estimated 1.4 million homes in New York are part of HOA communities. 40.5% of Colorado's population lives in HOA communities. Foundation for Community Association Research, Typical HOA membership fees for single-family homeowners is. Some pay $60/month, while others are paying upwards of $200/month. Because HOAs take care of so many of their members nemembers residents are more likely to vote down municipal taxes and initiatives that would improve the lives of other city residents. Several factors are impacting the landscapes in Wolf Ranch as well as the majority of the Colorado Springs area.". 13.3% of Oregons population lives in HOA communities. Puerto Rico HOAs have a membership rate among the lowest in the nation. 25.1% of Florida homeowners are part of HOAs. 35.8% of Californias population lives in HOA communities. Roughly 1.41 million people in Michigan live in HOA communities. Idaho HOAs have a membership rate below the national average. Each HOA in Washington has 225 residents. There are fewer than 1,000 HOAs in Alaska. Montana HOAs have a membership rate just below the national average. There are between 1,000 and 2,000 HOAs in Rhode Island. Around 14.3% of Alaskas population lives are in HOA communities. Each HOA in Maryland has an average of 151 residents. Condos/HOAs are encouraged to do a reserve study every 3-5 years so the reserve budget reflects the communitys current financial situation. Colorado Springs Home Buyers, Have A Plan! Roughly 15.2% of Idaho homeowners are part of HOAs. Each HOA in Oregon has an average of 143 residents. HOAs are resident-run, private organizations that govern buildings, complexes or neighborhoods. Back to top, home owners association in colorado springs. The real estate listing information and related content displayed on this site is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 7.06 million homes were built between 2009 and 2019; 57.6% were in HOAs. An estimated 8,500 community association management companies operate nationwide. The AHS asked Americans about their monthly housing costs, including their mortgage, insurance and utilities. Each HOA in Nevada has an average of 150 residents. Last Updated: HOAs are governed by a group of individual unit owners or property managers. After witnessing dying trees, dead and uncut grass and water/irrigation issues, they started questioning how their money is being spent. In 2005, the average monthly HOA fee among all households in the country stood at $250. According to the Colorado Association of Realtors, the statewide median is $525,000 with Denver and Boulder topping the charts for highest home prices. These three states are where HOAs are the most common. An estimated 200,962 homes in Iowa are part of HOA communities. Neighborhood Association. Scottsdale, AZ 85258-3172. Second, when your HOA board has had an opening or openings on the board in the middle of the year, do your HOA board's handpick the replacements with no community input? Of course, the fees vary drastically based on the different amenities the communities offer. 18.1% of New Yorks population lives in HOA communities. Shared facilities may include parking lots and garages, laundry rooms, community meeting spaces, dog parks, pools, and clubhouses. 16.8% of Marylands population lives in HOA communities. Tim Seibert, Vice President for the district board sent us the following information via email: You can also view the newsletter that was sent out to Wolf Ranch Homeowners last month here. Each HOA in Ohio has an average of 190 residents. 9.4% of New Jersey homeowners are part of HOAs. Although it's important to note that the landscaping company can only perform work authorized by the Metro District. Based on average residency rates, roughly 104,500 people in Arkansas live in HOA communities. 87% say their HOA strives to serve the communityscommunitysests. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If a buyer is looking at the top of their price range and finds a town house with monthly fees of $200, he may not qualify to purchase the property once the HOA dues are added into the equation. Of course, HOAs arent for everyone. LIV SOTHEBY'S INTERNATIONAL REALTY CO SPRINGS, Southeast Colorado Springs Homes for Sale, Northeast Colorado Springs Homes for Sale, Southwest Colorado Springs Homes for Sale, Northwest Colorado Springs Homes for Sale, Newest Colorado Springs Real Estate Listings, Colorado Springs Single Family Homes for Sale, Colorado Springs Bank Owned Homes for Sale, Colorado Springs Short Sales Homes for Sale, Colorado Springs Duplexes & Triplexes for Sale, Colorado Springs Waterfront Homes for Sale, Forest Meadows Homes In Colorado Springs Homes for Sale, Colorado Springs Luxury Apartments for Rent, Colorado Springs Zillow Home Value Price Index, In kissing camels homes in Colorado Springs, Air force academy homes in Colorado Springs, Mother in law suite homes in Colorado Springs, Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. There is another factor buyers should consider with HOA dues. There is something new to explore every weekend, and the Springs quickly start to feel more like a tight-knit community than a sprawling metropolis. For instance, single-family associations typically charge $200 to $300 a month, but that amount can increase according to your location. Craft cocktail bars, quality local restaurants, and craft breweries also continue to pop up around the city, concentrated primarily in the downtown region, but spreading to the north and east regions of the city. Around 3.2% of Puerto Ricos population lives in HOA communities. The Springs is home to a number of tech companies and government contracting entities. Check with the applicable school district prior to making a decision based on these boundaries. Specifically, check on items that pertain to pets, vehicles, rental restrictions, landscaping, exterior home appearances and architectural changes. 93 - Old Broadmoor. 7940 E. Thompson Peak Parkway. Homeowners associations in the United States manage 355,000 communities, with an average of 22 new associations forming daily. 21% of HOA residents indicate the best aspects of living in a community association are the neighborhooneighborhoodss and good maintenance. 24.0% of Colorado homeowners are part of HOAs. This means that homes in Colorado Springs cost slightly more than the average in the United States. But our food prices remain low, and the real estate market seems to have settled back into a normal market for time being. Colorado Springs also features a number of concert venues, including the Black Sheep, World Arena, and the Pikes Peak Center, where you can enjoy performances from small indie bands and world-class musicians. Many locals even choose to live in the Springs and commute to Denver due to its close proximity. Roughly 2.76 million people in North Carolina live in HOA communities. Roughly 518,000 people in Nevada live in HOA communities. Texas HOAs have a membership rate below the national average. Your final decision shouldnt be based on finances alone. This means Colorado Springs falls just above that average at 105.0. You will then receive an email that helps you regain access. 10.4% of Tennessees population lives in HOA communities. Michigan HOAshave a membership rate well below the national average. Roughly 6.3% of South Dakota homeowners are part of HOAs. Gas rates will increase in the winter due to the cost of heating your home. Layers and warm clothing are important for our capricious Colorado weather, but local shopping options range from thrift stores to expensive boutiques with something for everyone. Here is a table showing the number of people living in HOAs since 1970: As the number of residents and communities grew over time, so did the number of housing units that are part of HOA communities. As many as 71.2% of new homes completed and 85.1% of new homes sold in the southern and western regions of the United States are governed by HOAs. Tennessee HOAs have a membership rate well below the national average. If you would like to keep up with the quarterly real estate statistics here in Colorado Springs, you can check out our quarterly market reports. Based on average residency rates, roughly 313,500 people in Hawaii live in HOA communities. Roughly 5.3% of homeowners are part of HOAs. Each HOA in Massachusetts has an average of 148 residents. Roughly 8.6% of Alaska homeowners are part of HOAs. 3.54 million or 11.1% of homeowners live in community access secure neighborhoods, which may include walls or fences. Based on average residency rates, roughly 522,500 people in Iowa live in HOA communities. An estimated 199,231 homes in Nevada are part of HOA communities. That could force the board to take out a loan, or levy a special assessment. In expensive cities, it's common to pay over $400/month. In 1970, there were around 10,000 community associations in the US. However, Willis says homeowners pay average HOA fees of $350 a year in his region, with rates varying based on the type of HOA. We dig the cost of living in Colorado Springs CO 2023. An estimated 120,577 homes in Montana are part of HOA communities. An estimated 7,500 HOAs are large-scale, meaning they have at least 1,000 lots or homes and a $2 million annual budget. South Carolina HOAs have a membership rate below the national average. 23.2% of Virginias population lives in HOA communities. There are between 2,000 and 3,000 HOAsin Alabama. 13.0% of New York homeowners are part of HOAs. As discussed in the introduction, the Springs housing market is still a "Sellers Market". Roughly 1.04 million people in Maryland live in HOA communities. But another tricky thing with HOA fees is that they are not static. Roughly 1.62 million people in Ohio live in HOA communities. Each HOA in Georgia has an average of 206 residents. South Dakota HOAs have a membership rate well below the national average. The following list shows the percentage of each state's total population that lives in an HOA: While most residents enjoy the amenities and being part of an association, one potential downside is the cost. 82.4% of new homes sold in 2021 were part of HOA communities, up 2.74% year-over-year (YoY). But, for the most part, Colorado Springs is, in fact affordable, especially when compared to some of the traditionally expensive areas on the coasts and other parts of Colorado. There are fewer than 1,000 HOAs in North Dakota. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. "If we have weeds, they fine us.". HOAs or community associations govern over planned covenant communities. Should you be concerned? 27.5 million occupied homes nationwide are part of HOA communities, or about 25% to 27% of the U.S. population lives in an HOA community. Most HOAs are formed by real estate developers who turn them over to an association board when construction nears completion on the new development. Average Closing Costs in Colorado. While HOAs offer many benefits, they may not be perfect for everyone. Roughly 2.25 million people in Georgia live in HOA communities. Using the Census Bureaus American Community Survey data, Zillow estimated that the median HOA fee in the United States was about $290 per month. The runaway real estate market of 2021 continued through the first part of 2022. HOAs are also common in California, New Hampshire, Washington, Arizona, and Illinois, with each of these states having over 30% of its population living in a community association. According to the 2020 Homeowner Satisfaction Survey, 89% of residents rate their overall community association experience as very good, good, or neutral. Around 31.6% of Delawares population lives in HOA communities. The data below is from 2019. Buying New Construction: How Can a REALTOR Help? An estimated 120,577 homes in Kansas are part of HOA communities. The Colorado Health Institute states that the average deductible for an employer-sponsored healthcare plan was around $4000 a year in 2018. An estimated 200,962 homes in Kentucky are part of HOA communities. Fees are needed for maintenance, paying staff, and the reserve fund, and without adequate revenue, the association will find itself in financial trouble. HOAs collect fees (or dues) from their members to pay for the maintenance of common areas and the upkeep of facilities. That median puts the region. Catch an off-Broadway show at Denvers Buell Theater or visit the Colorado location of the legendary bar, Death & Co. Around 11.2% of Louisianas population lives in HOA communities. Roughly 1.32 million people in Pennsylvania live in HOA communities. But most monthly fees sit in the low to mid-hundreds. But they can climb far higher. Standard features include swimming pools, barbecue pits, neighborhood parks, walking trails, and sports courts. 7.2% of Michigan homeowners are part of HOAs. Gas prices do seem to be dropping slightly from last month, however. "I've notified the HOA," he said. Moreover, homes in governed neighborhoods are selling faster, and for more money. Arkansas HOAs have a membership rate among the lowest in the nation. But, if youre not prepared to pay for the additional HOA fees, you might not be so eager to become an HOA member. The 2,175 sq. Reviewing this information will give you a better idea about the HOAs finances, including: If you see any major red flags, you may need to reconsider whether you can afford to move into this community. As we look at the cost of living our data is only available through December 2022. HOA dues at $100/month is equivalent to going up $20,000 in price for a home which is substantial. There are plenty of thriftier options available as well. Each HOA in Arizona has an average of 229 residents. Each HOA in Colorado has an average of 225 residents. We love living at the base of the Rocky Mountains, and for us, the cost of living is worth every penny. But this doesnt come for free. This is no surprise to most of us. Each HOA in Utah has an average of 179 residents. That can turn out to be a fairly costly sum. Despite their sometimes-unfavorable reputation, homeowners associations are more popular than ever. Colorado Springs's cost of living is above average in several categoriesutilities and housing immediately come to mind. In 2013, Colorado passed an "HOA Reform Package" (including House Bill 13-1276, House Bill 13-1277, and Senate Bill 183) to hold HOAs to stricter standards in certain areas, like debt collection, foreclosure, and landscaping. All Rights Reserved. Roughly 8.7% of Iowa homeowners are part of HOAs. There are between 1,000 and 2,000 HOAs in the District of Columbia. Estimated yearly collections of all fees rose 32.4% between 2005-2015. Here is a breakdown of total number of new construction housing units with HOAs: New homes that are a part of a homeowner association are growing fastest in the southern and western United States. Discover photos, open house information, and listing details for listings matching No Hoa Fees in Colorado Springs Based on average residency rates, roughly 104,500 people in South Dakota live in HOA communities. Each HOA in Illinois has an average of 202 residents. Based on average residency rates, roughly 313,500 people in Nebraska live in HOA communities. "I'd like to see them put in all new trees and if they can't do it or don't want to do it, then they need to give us back our money," Arrigo said. The rules are designed to: HOAs also provide upkeep of common areas, and sometimes, the property surrounding the homes. 5.27% was the annual growth rate among HOA resident populations throughout the 1990s. Well make sure the leading HOA/condo news, trends and tips get to you first. Based on average residency rates, roughly 313,500 people in Kansas live in HOA communities. Despite posts on social media claiming complaints about landscaping in Wolf Ranch have been filed with Colorado Springs Code Enforcement, the City tells News 5 that they don't have any complaints on file. Note that data for states with fewer than 3,000 homeowners include estimates based on averaged community statistics; these estimates are represented by the whole, non-decimal numbers. In addition to being nestled at the base of Pikes Peak (Colorados most famous 14er), Colorado Springs is within a 2-hour drive of several other impressive peaks. HOA Pros Legal structure aside, co-op owners pay a maintenance fee for the upkeep of the building and shared spaces, just like homeowners in other types of community associations. An estimated 176,923 homes in Connecticut are part of HOA communities. That is a lot less purchasing power if your budget is, for . An estimated 40,192 homes in South Dakota are part of HOA communities. Homeowners in the Wolf Ranch neighborhood on the northeast side of Colorado Springs want to know where their HOA dues are going. Roughly 1.9% of Arkansas homeowners are part of HOAs. Rhode Island HOAs have a membership rate on par with the national average. 12.0% of Georgia homeowners are part of HOAs. MLS # 1259723 . 12.7% of Wisconsins population lives in HOA communities. An estimated 5.45 million homes in California are part of HOA communities. Denver commuters can take advantage of FLEX RIdes by Bustang for $12 a trip or can buy multiple passes for a discounted rate. Increases in the price of rentals are keeping pace with the price of purchasing a home. If the home is $350,000 and the closing costs constitute 5% of the value, the closing costs would run $17,500. Oklahoma HOAs have a membership rate far below the national average. 7.3% of Connecticut homeowners are part of HOAs. In 2009, the Lincoln Institute of Land Policy determined that HOAs can be detrimental to adjacent neighbors due to their insulated nature. Roughly 4.3% of Oklahoma homeowners are part of HOAs. 12.6% of Indianas population lives in HOA communities. Please switch to a supported browser or download one of our Mobile Apps. There are between 1,000 and 2,000 HOAs in Oklahoma. Conversely, if a buyer qualifies to go up in purchase price, the buyer may want to look in a higher price range instead of having the HOA fees. Final Thoughts: Homeowners Association Fees. The home has 360-degree views from anywhere on . Average HOA Fees. It's important to note that home prices in Colorado Springs began to fall after the rate hikes in March. Is Colorado Springs Affordable? HOA homeowners in the south and western regions of the U.S. consistently pay higher premiums than those in other regions. 7.2% of Wisconsin homeowners are part of HOAs. HOAs consisting of single-family homes account for 60% and condominium communities account for 38% of community associations in the United States. Roughly 14.1% of Hawaii homeowners are part of HOAs. 54% of states have confirmed community data. They've all been out here and they all pass the buck. Each HOA in New Jersey has an average of 210 residents. Parks and trails offer plenty of free and low-cost activities for Colorado Springs residents, including camping, fishing, kayaking, and more. Albuquerque - $150 Atlanta-Sandy Springs-Roswell - $280 Boston-Cambridge-Newton - $310 Chicago-Naperville-Elgin - $280 Dallas-Fort Worth-Arlington - $260 17.6% of Arizona homeowners are part of HOAs. So pay attention to these points when deciding whether the HOA fee is worth it. Nothing is being addressed.". There are many neighborhoods in Colorado Springs that do not have a Home Owners Association (HOA) but many condominiums, townhomes, and single family homes in newer neighborhoods have active HOAs. 10636 Derby Mesa Ct , Colorado Springs, CO 80924-4517 is a single-family home listed for-sale at $845,135. An estimated 863,846 homes in Georgia are part of HOA communities. For more information about Colorado Springs Homes for sale visit my Pikes Peak MLS search. Around 10.4% of Alabamas population lives in HOA communities. We want to live in an area that aligns with our hobbies and lifestyle, where we can build community, AND that fits our budget and financial goals.