There are currently 940,000 Hoosiers living in 345,000 homes in 4,725 community associations.
Each year, these residents pay $1 billion to maintain their communities. These costs would otherwise fall to the local government.
33,000 Hoosiers are elected to their community association boards each year, providing $1.1 million in service.
Homes in community associations are generally valued at five-six percent more than other homes.
According to the Foundation for Community Association Research:
90% of residents say association board members “absolutely” or “for the most part” serve the best interests of their communities.
83% say they get along well with their immediate neighbors.
92% say they are on friendly terms with their association board.
83% of residents say their community managers provide value and support to residents and their associations.
88% of residents who had direct contact with their community manager say it was a positive experience.
70% of residents say their association’s rules protect and enhance property values; only 4% say the rules harm property values.