Navigating Growth in HOA Management

The HOA market is poised for growth through technology, consolidation, and strategic partnerships amidst regulatory challenges.

Recent M&A Activity

HOA Property Management

Market Analysis

The HOA property management market is experiencing robust global growth, projected to nearly double from $9.5 billion in 2023 to $18.0 billion by 2032. This expansion is primarily fueled by a rising number of community associations, increasing resident density, and a strong shift towards digital management solutions. Regulatory complexity further drives demand for professional services. However, the market faces challenges from economic downturns, prompting smaller HOAs to self-manage and larger ones to reduce spending. Industry fragmentation offers both hurdles and opportunities, highlighting the importance of digital innovation and strategic consolidation to sustain growth and competitiveness.

53.9

Market Value 2024 (U.S)

72.8

Market Value 2030 (U.S)

3.94

CAGR (U.S)

Key Market Drivers

Increasing number of community associations and resident density

Homeowners outsourcing HOA management to simplify processes and adopt digital solutions

Increasing demand for digital services

Market Inhibitors

Economic downturns leading smaller HOAs to self-manage

Larger HOAs reducing property manager hours to decrease spending

Our Insights

The HOA property management sector is at an inflection point, where digital transformation and regulatory complexity are reshaping competitive dynamics. Business owners must prioritize strategic tech adoption—not just to streamline operations, but to differentiate through superior service and security. Active industry consolidation signals opportunities for scale and market entry, especially in underserved localities. However, fragmentation and economic sensitivity demand agility: a focus on compliance, transparent communication, and tailored service offerings is vital. Proactive engagement with evolving regulations, strategic partnerships, and a customer-centric approach will be key to sustaining growth and capturing value in this rapidly evolving landscape.

Key Players in The Industry

Associa

National HOA property management provider offering comprehensive management services across multiple US markets.

FirstService Residential

Leading national HOA management company providing full-service property management with strong operational capabilities.

RealManage

Tech-enabled HOA management platform emphasizing technology integration via their CiraConnect solution to improve management efficiency.

Recent
M&A Activity

The HOA Property Management sector in real estate is experiencing active consolidation and expansion. Key players are acquiring smaller firms to broaden their geographic footprint, particularly in Florida and other growth markets. Mergers indicate a desire to consolidate market share in competitive regions like Philadelphia. Strategic investments are being used to bolster growth and operational capabilities. Overall, the industry trend points to increased scale, market penetration, and financial backing to improve competitiveness and service offerings.

acquisition

February 2025

PMI Meridian Management acquired Capstone Association Management

Expand into Florida market

merger

September 2024

CAMCO and Esquire Association Management merged

Consolidation in Philadelphia market

strategic investment

November 2024

Charlesbank Capital Partners invested in CCMC

Growth and market expansion