The real estate value of all community associations and their units exceeds $2.25 trillion, approximately 17-19% of the value of all U.S. residential real estate.
The estimated annual operating revenues for all community associations in the U.S. is more than $35 billion. Most of this is spent in the associations' local economies for products and services.
Residents rate their overall community association experience as positive—by and almost nine to one margin.
Association board members strive to serve the best interests of their communities.
Residents believe overwhelmingly that association rules protect property values. More than 75 percent of residents say their association rules protect and enhance property values. Only 3 percent say the opposite is true.
Homeowners value the return they get for association assessments. 81% say they get a “great” or “good” return on the association assessments.
Residents do not want additional government intervention in their communities.
Community Association Market & Facts
POAs in Texas
It’s estimated that Texas has the 3rd highest number of POAs, led by California and Florida .
There are more than 5 million people living in the 25,000-30,000 community associations in the state of Texas. These associations generate assessment revenues of approximately $3.2 billion dollars annually and employ thousands of workers through various service providers across the state. Thousands of volunteer board members across the state dedicate their time to working with their neighbors for the benefit of their community.
Source: 2010 Interim Research Report on POAs of the Texas House
The CAI Foundation for Research estimates the value of association board and committee time in Texas in 2012 was $91 million.
Community Associations Institute (CAI) estimates that in 1970 there were 10,000 community associations nationwide. In 2012 there were an estimated as 323,600 communities, 25.9 million housing units and 63.4 million residents in association governed communities nationally. A community association functions as a business, a governance structure, and a community. According to the U.S. Census Bureau, the American Housing Survey, and IRS Statistics of Income Reports, associations today are seeking prudence in business, justice in governance, and harmony in community to provide an enjoyable, vibrant lifestyle for homeowners and residents.
An independent national survey of community association residents conducted in February 2012 by Ibope Zogby International affirmed that:
The best aspects of living in a community association as rated by survey residents:
Less maintenance for owners
TCAA's mission is to promote meaningful legislation to create an environment that supports the development of well-governed, well-managed community associations