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Richfield in Hennepin County, MN has 2 HOAs collecting $1,650,240 from 144 households. Average Reserve Funding is 52.49% and Average Monthly Payment is $955.
Average Reserve Funding
52.49%
Ideal is 100%. Below 30% indicates high risk of special assessments. Above 70% has low risk of special assessments.
Average Monthly Payment
$955
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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