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New Orleans in Orleans Parish, LA has 275 HOAs collecting $54,932,688 from 8,622 households. Average Reserve Funding is 49.76% and Average Monthly Payment is $555.
Average Reserve Funding
49.76%
Ideal is 100%. Below 30% indicates high risk of special assessments. Above 70% has low risk of special assessments.
Average Monthly Payment
$555
Part of this payment is used to cover operational expenses. The other part is saved in the Reserve Fund to cover future maintenance.
Averages
FindMyHOA
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