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Newark in Essex County, NJ has 2 HOAs collecting $181,776 from 49 households. Average Reserve Funding is 44.99% and Average Monthly Payment is $377.
Average Reserve Funding
44.99%
Ideal is 100%. Below 30% indicates high risk of special assessments. Above 70% has low risk of special assessments.
Average Monthly Payment
$377
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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