According to the Missouri Communities Associations, the facts & figures are:
- Approximately 1,090,000 Missourians live in 415,000 homes in 5,400 community associations.
- These residents pay $1.4 billion a year to maintain their communities. Those costs would otherwise fall to the local government.
- 37,000 Missourians are elected to their community association boards each year, providing over $30.5 million in service.
- Homes in community associations are generally valued at least 5-6% more than other homes.
- By 2040 the community association housing model is expected to become the most common form of housing.
- 90% say their association’s rules protect and enhance property values (62%) or have a neutral effect (28%); only 4% say the rules harm property values.
- 80% of residents oppose additional regulation of community associations.
- 85% of residents rate their community association experience as positive (63%) or neutral (22%)
Information provided by:
- Community Association Institute
- Community Association Fact Book 2016
- Community Next: 2020 And Beyond, 2017
- Agan, A. & Taborrok, A. (2005). What are private governments worth. Regulation, 28 (3), 14-17.