How much have your condo HOA fees increased in Miami and Broward? See for yourself
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Condo crisis in South Florida
Aging buildings, new laws and spiraling fees and assessments have affected condominium residents and the real estate market in Miami-Dade and Broward.
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Condo owners are feeling it: HOA fees have increased sharply over the past five years in South Florida.
According to an analysis from real estate company Redfin, monthly HOA fees are up 60% since 2019. That’s on top of the mortgage and those unexpected assessments.
MORE: Condo HOA fees jumped 60% in South Florida in past 5 years. Why higher costs are ahead
Miami-Dade County’s median monthly condo association fee of $900 from April through June this year is up more than 59%. Broward faced a similar wave of condo costs: HOA fees jumped more than 56% to $613 this year.
Take a look at the increase in Miami-Dade and Broward with this chart:
This story was originally published August 12, 2024 at 7:43 AM.
