From our March 2015 issue: Neighborhood Governments and Their Role in Property Values

  1. Daniel S. Scheller1

  1. 1University of Texas at El Paso, El Paso, TX, USA
  1. Daniel S. Scheller, Master of Public Administration Program, University of Texas at El Paso, Kelly Hall, Room 407, 500 W. University Avenue, El Paso, TX 79968, USA. Email:


More U.S. citizens live in neighborhoods governed by homeowners (HOAs) or neighborhood associations (NAs) than in any period of American history. Property values are typical association goals. Research fails to consider all types of associations in the examination of the effects of neighborhood governance on property values. In this article, I study the effects of HOAs and NAs on property values. I find that HOAs increase property values, while NAs exert no influence on property values.

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