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Grand Rapids in Kent County, MI has 8 HOAs collecting $4,528,488 from 829 households. Average Reserve Funding is 54.99% and Average Monthly Payment is $548.
Average Reserve Funding
54.99%
Ideal is 100%. Below 30% indicates high risk of special assessments. Above 70% has low risk of special assessments.
Average Monthly Payment
$548
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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