HOA (Homeowners Association) · Real estate · Reinvent NY glossary
NYC condo common charges run a median $12.30 per square foot a year — about $1,025 a month on 1,000 sq ft. Manhattan's median is $15.52, roughly $1,293 a month.
→What HOA and common charges actually cost in NYCA Homeowners Association manages a residential community — condos, townhomes, or planned developments — collecting monthly fees for shared amenities, maintenance, insurance, and staff. NYC condo HOA fees (called 'common charges') average $1.50-$2.50 per square foot monthly — a 1,000 sq ft unit pays $1,500-$2,500/month. HOA fees cover building maintenance, doorman/concierge, gym, pool, insurance, and reserves. Before purchasing, review the HOA's financial statements, reserve fund balance (should be 10%+ of annual budget), and any pending special assessments.
The four states international buyers ask about most: New York up 5.2% on the year, California at a 4.22% yield, and what Texas and Florida really cost.
Indiana, Missouri and Ohio in 2026: state gains of 3-3.5% on the year with yields of 5.75-6.61%, and the secondary cities quietly outperforming the metros.
Baltimore in 2026: a $192,669 typical value, $1,799 rents and an 11.2% gross yield — the highest on the Northeast corridor, and what the price is telling you.
Ohio in 2026: a $251,502 state median up 3.5% on the year, with Cleveland at a 14.13% gross yield and Columbus at 6.96% — and what separates the two.
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