The median home price is on the rise across the U.S., but it isn’t the only thing rising, according to a report from Trulia using data from the U.S. Census Bureau.

Homeowners must also consider other costs such as property taxes or homeowner association fees. And the rate of increase for HOA fees leaves rising home prices in the dust. HOA fees increased 32.4% from 2005 to 2015, compared to 15.1% for the median home price.

And those fees are becoming even more important, and could now even affect homeowners’ credit scores. Last May, Sperlonga Data and Analytics, a data aggregation business for non-standard credit data sources, announced their agreement to report to Equifax, a global insights provider, information on HOA payments and account status data.

Trulia’s study found HOA fees are more expensive in older housing units, decreasing about $90 for homes built after 2005. And, of course, larger homes come with larger HOA fees. On average, homeowners pay about $30 more in fees for each additional bedroom in the home.

In some metro areas such as Tampa, Florida; Houston, Texas and Fort Lauderdale, Florida, HOA fees make up over 40% of monthly housing costs.

And in New York households paid an average of $571 per month in HOA fees.

Here are the top 10 metropolitan areas with the most change in the amount of HOA fees paid each month:

10. Seattle-Bellevue-Everett, Washington– 46.1%

Monthly HOA fees in 2005: $248

Monthly HOA fees in 2015: $363

9. Philadelphia, Pennsylvania– 47.6%

Monthly HOA fees in 2005: $304

Monthly HOA fees in 2015: $449

8. Portland-Vancouver-Hillsboro, Oregon-Washington– 48.8%

Monthly HOA fees in 2005: $205

Monthly HOA fees in 2015: $306

7. Columbus, Ohio– 48.8%

Monthly HOA fees in 2005: $151

Monthly HOA fees in 2015: $225

6. Washington-Arlington-Alexandria, D.C.-Virginia-Maryland-West Virginia– 49.4%

Monthly HOA fees in 2005: $259

Monthly HOA fees in 2015: $387

5. Tampa-St. Petersburg-Clearwater, Florida– 49.8%

Monthly HOA fees in 2005: $236

Monthly HOA fees in 2015: $353

4. Providence-Warwick, Rhode Island-Massachusetts– 50.5%

Monthly HOA fees in 2005: $195

Monthly HOA fees in 2015: $294

3. Miami-Miami Beach-Kendall, Florida– 52.8%

Monthly HOA fees in 2005: $272

Monthly HOA fees in 2015: $415

2. Baltimore-Columbia-Townson, Maryland– 68.4%

Monthly HOA fees in 2005: $169

Monthly HOA fees in 2015: $284

1. Virginia Beach-Norfolk-Newport News, Virginia-North Carolina– 75.4%

Monthly HOA fees in 2005: $150

Monthly HOA fees in 2015: $263

The Fort Lauderdale homeowners association attorneys at Stevens & Goldwyn, PA offer legal services for community associations throughout South Florida including West Palm Beach, Miami, and more. The lawyers at Stevens & Goldwyn PA specialize in real estate litigation, civil litigation, commercial litigation, mortgage foreclosures, and more.

Arrange a free, no-obligation consultation, where you can discuss your legal concerns with a partner of our firm. We look forward to answering your questions and seeing how we can meet your legal needs. Call us at 954-476-2680 or contact us online today.