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Farmington Hills in Oakland County, MI has 118 HOAs collecting $14,793,500 from 10,386 households. Average Reserve Funding is 50.97% and Average Monthly Payment is $161.
Average Reserve Funding
50.97%
Ideal is 100%. Below 30% indicates high risk of special assessments. Above 70% has low risk of special assessments.
Average Monthly Payment
$161
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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