How HOA Fees Affect Home Affordability in Central Oregon

Greg Powell
5 days ago
2 min read

When buying a home, most buyers focus on the mortgage, down payment, and property taxes. However, one often-overlooked expense is Homeowners Association (HOA) fees. In Central Oregon—whether you’re looking in Bend, Redmond, Prineville, or surrounding communities—HOA fees can significantly impact the overall affordability of a property.

Understanding these costs can help you budget properly and avoid surprises after closing.

What Are HOA Fees?

HOA fees are monthly or annual charges that homeowners in certain communities pay to maintain shared spaces and services. These can include:

Landscaping and common area maintenance
Community amenities such as pools, gyms, or parks
Insurance for shared structures
Security services or gated access

In Central Oregon, HOA fees vary widely depending on the neighborhood and amenities. Some communities charge as little as $50/month, while others in Bend or Redmond with extensive amenities can exceed $500/month.

How HOA Fees Affect Affordability

1. Increase Monthly Housing Costs

Even a moderate HOA fee adds to your monthly expenses. For example:

$200/month = $2,400/year
Combined with mortgage, property taxes, and insurance, this can significantly impact your budget

2. Influences Mortgage Qualification

Lenders include HOA fees in your Debt-to-Income (DTI) ratio. High fees may reduce the amount you can borrow, even if your income covers the mortgage itself.

3. Impact Long-Term Costs

HOA fees are ongoing. Over 10 years, a $300/month fee totals $36,000—money you’ll pay on top of your mortgage and other home expenses.

4. Potential Increases or Special Assessments

HOAs can raise fees or charge special assessments for major repairs or improvements. Buyers should review the HOA’s financials to understand potential future costs.

Pros and Cons of HOA Communities

Pros:

Well-maintained neighborhoods
Access to amenities like pools, gyms, and parks
Often higher property values due to consistent upkeep

Cons:

Adds to monthly and long-term expenses
Less control over property rules and aesthetics
Potential for fee increases or special assessments

Tips for Buyers in Central Oregon

Factor HOA Fees Into Your Budget – Always calculate total monthly housing costs, including fees.
Check the HOA’s Financial Health – Review budgets, reserve funds, and any pending assessments.
Compare Communities – A home with a high HOA fee may cost more over time than a non-HOA property with similar amenities.
Negotiate When Possible – Sometimes sellers can cover HOA fees for a few months as part of the sale.

HOA fees are more than just a line item—they directly impact affordability and long-term financial planning. Buyers in Central Oregon should carefully consider these costs when evaluating homes in Bend, Redmond, Prineville, or nearby areas. By factoring in HOA fees, reviewing HOA financials, and comparing communities, you can make an informed decision and avoid unexpected expenses after closing.