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Memphis in Shelby County, TN has 2 HOAs collecting $1,375,728 from 188 households. Average Reserve Funding is 54.99% and Average Monthly Payment is $596.
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
$596
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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