
Active Adult Communities · Redmond, WA
Redmond 55+ adult community homes.
Redmond's 55+ communities offer low-maintenance living with built-in social infrastructure — without the isolation of rural retirement. RexMont's agents know which communities have the amenities, HOA stability, and resale track record that matter most.
Market context
What buyers and sellers should know.
Active adult communities in Redmond are in high demand from Baby Boomers downsizing from larger homes. Well-managed communities with strong amenity packages and stable HOA finances hold value better than newer developments still filling out.
Redmond homes are currently priced around $1.1M median (roughly $580/sqft), with an average of 42 days on market. The area is served by the Lake Washington School District, and top local employers include Microsoft HQ, Nintendo of America, and T-Mobile. Primary commute corridors connect to SR-520 / SR-202 and East Link Light Rail — Redmond Technology Station.
RexMont Real Estate is Seattle and the Eastside's most-reviewed brokerage — 1,241+ five-star Google reviews and over $1 billion in closed transactions across 1,200+ deals.
Before you buy
What to know about 55+ adult community homes in Redmond.
Age restriction verification
True 55+ communities under the Housing for Older Persons Act (HOPA) require that at least 80% of occupied units have one resident 55 or older. Verify the community's HOPA status before buying if age restriction is important to you.
HOA financial health
Request the HOA's reserve study, budget, and meeting minutes. Underfunded reserves in 55+ communities often lead to special assessments. Look for communities with reserves above 70% funded.
Amenity quality and maintenance
Redmond 55+ communities vary significantly in amenity quality — from basic clubhouses to full fitness centers, pools, pickleball courts, and organized activities. Visit during peak hours to assess actual usage and maintenance quality.
HOA fees and what they cover
Monthly HOA fees in active adult communities typically cover exterior maintenance, landscaping, and common area upkeep. Some include water and basic cable. Get a full breakdown before comparing total monthly costs to non-HOA alternatives.
Resale restrictions
Some 55+ communities have resale restrictions or right-of-first-refusal clauses that can affect your exit strategy. Review the CC&Rs carefully.
Healthcare proximity
For long-term planning, proximity to Redmond hospitals, specialists, and urgent care facilities matters more in a 55+ community than in typical residential purchases.
Tools & insights
Resources for Redmond buyers and sellers.
Live NWMLS data
Active Redmond 55+ adult community homes for sale
The latest active NWMLS 55+ adult community homes in Redmond, refreshed hourly.
- Median price
- $1.1M
- Median $/sqft
- $580
- Avg days on market
- 42
- Listings for sale
- 333+
- ActiveNew today
$725,000
MLS# 258690318012 Ne 94th Court #1
Redmond, WA 98052
3 bd2.5 ba1,400 sqftListing courtesy of Windermere Real Estate Central
- ActiveNew today
$499,000
MLS# 25882168111 145th Court Ne #14-d
Redmond, WA 98052
2 bd1 ba1,286 sqftListing courtesy of CENTURY 21 North Homes Realty
- ActiveNew today
$898,000
MLS# 258814522833 Ne 130th Street
Redmond, WA 98053
2 bd1.75 ba1,350 sqftListing courtesy of RE/MAX Northwest
- Active1 day active · 19 cumulative
$2,275,250
MLS# 258856011975 159th Avenue Ne
Redmond, WA 98052
5 bd3.5 ba3,490 sqftListing courtesy of Windermere Real Estate GH LLC
- Active1 day active · 1 cumulative
$930,000
MLS# 258779712114 Big Leaf Way Ne
Redmond, WA 98053
2 bd1.75 ba1,510 sqftListing courtesy of Home Team Real Estate
- Active1 day active · 94 cumulative
$1,425,000
MLS# 258838112256 243rd Place Ne
Redmond, WA 98053
2 bd2.5 ba2,620 sqftListing courtesy of Home Team Real Estate
- Active4 days active · 4 cumulative
$2,595,000
MLS# 258654612403 172nd Avenue Ne
Redmond, WA 98052
4 bd4.25 ba4,257 sqftListing courtesy of Keller Williams Seattle Metro
- Active4 days active · 4 cumulative
$5,780,000
MLS# 258529413404 Woodinville-redmond Road Ne
Redmond, WA 98052
5 bd4.25 ba6,890 sqftListing courtesy of Ruybal Group Inc.
- Active4 days active · 4 cumulative
$1,560,000
MLS# 258784823736 Ne 116th Place
Redmond, WA 98053
2 bd2.5 ba2,715 sqftListing courtesy of Home Team Real Estate
- Active5 days active · 5 cumulative
$2,998,000
MLS# 258266521007 Ne 117th Street
Redmond, WA 98053
4 bd4 ba6,140 sqftListing courtesy of Realogics Sotheby's Int'l Rlty
- Active5 days active · 5 cumulative
$675,000
MLS# 25835302508 175th Avenue Ne
Redmond, WA 98052
2 bd1.75 ba1,350 sqftListing courtesy of RE/MAX Northwest
- Active5 days active · 5 cumulative
$980,000
MLS# 258692816005 Ne 51st Street
Redmond, WA 98052
0 bd0 baListing courtesy of Skyline Properties, Inc.
- Active5 days active · 74 cumulative
$1,985,500
MLS# 258703822187 Ne 93rd Street
Redmond, WA 98053
4 bd3.25 ba3,970 sqftListing courtesy of COMPASS
- Active5 days active · 5 cumulative
$3,490,000
MLS# 25872162002 W Lake Sammamish Parkway Ne
Redmond, WA 98052
6 bd3.5 ba3,960 sqftListing courtesy of Realogics Sotheby's Int'l Rlty
- Active4 days active · 4 cumulative
$675,000
MLS# 25876342508 175th Avenue Ne
Redmond, WA 98052
2 bd1.75 ba1,350 sqftListing courtesy of RE/MAX Northwest
- Active5 days active · 101 cumulative
$1,699,950
MLS# 258671416563 Ne 119th Way
Redmond, WA 98052
5 bd3.5 ba3,290 sqftListing courtesy of KW Greater Seattle
- Active5 days active · 225 cumulative
$473,000
MLS# 25864336439 139th Avenue Ne #19
Redmond, WA 98052
2 bd1.5 ba1,060 sqftListing courtesy of COMPASS
- Active5 days active · 5 cumulative
$2,850,000
MLS# 258669916530 Ne 99th Street
Redmond, WA 98052
5 bd4.25 ba3,918 sqftListing courtesy of Real Residential
- Active5 days active · 5 cumulative
$885,000
MLS# 258317213725 Ne 87th Street
Redmond, WA 98052
3 bd2.25 ba1,450 sqftListing courtesy of Windermere Real Estate/East
- Active6 days active · 110 cumulative
$1,049,000
MLS# 258630416616 Ne 85th St
Redmond, WA 98052
3 bd3 ba1,896 sqftListing courtesy of Kelly Right RE of Seattle LLC
- Active6 days active · 27 cumulative
$1,299,000
MLS# 258559614102 Ne 86th Court
Redmond, WA 98052
3 bd2.25 ba1,670 sqftListing courtesy of COMPASS
- Active6 days active · 6 cumulative
$895,000
MLS# 258335814116 Ne 78th Court
Redmond, WA 98052
3 bd1.5 ba1,260 sqftListing courtesy of Redfin
- Active6 days active · 6 cumulative
$1,449,000
MLS# 258647010806 183rd Ave Ne
Redmond, WA 98052
4 bd3.25 ba2,150 sqftListing courtesy of Skyline Properties, Inc.
- Active6 days active · 6 cumulative
$1,100,000
MLS# 257737513725 Ne 70th Place
Redmond, WA 98052
3 bd1.75 ba1,250 sqftListing courtesy of Windermere Real Estate/East
All 333 homes as a list
- 13864 231st Lane Ne · $815,000
- 10827 159th Court Ne · $1,250,000
- 7229 245th Way Ne · $1,848,000
- 0 Tbd Ne Union Hill Road · $1,250,000
- 12534 230th Place Ne · $999,999
- 11824 158th Avenue Ne · $1,739,900
- 18316 Ne 111th Street · $1,825,000
- 12290 235th Place Ne · $2,050,000
- 17691 Ne 118th Court · $2,200,000
- 10717 166th Court Ne · $1,425,000
- 6519 214th Avenue Ne · $1,550,000
- 7525 Old Redmond Road #403 · $598,000
- 7430 143rd Avenue Ne · $1,429,800
- 13712 176th Avenue Ne · $1,150,000
- 8835 166th Avenue Ne #d-102 · $305,000
- 6833 207th Avenue Ne · $1,375,000
- 10503 158th Avenue Ne · $1,700,000
- 3608 264th Avenue Ne · $1,749,000
- 26726 Ne Ames Lake Road · $1,700,000
- 18555 Ne 57th Street #18555 · $795,000
- 21450 Ne 79th · $3,388,000
- 18555 Ne 57th Street #18555 · $795,000
- 12019 178th Place Ne · $1,950,000
- 11321 178th Place Ne · $1,475,000
- 7732 234th Place Ne · $1,948,000
- 21310 Ne 101st Court · $1,995,000
- 6582 137th Avenue Ne #414 · $430,000
- 10765 221st Lane Ne #17 · $899,000
- 22914 Ne 126th Street · $1,780,000
- 6581 137th Place Ne #482 · $220,000
- 26207 Ne 34th Street · $1,998,000
- 22008 Ne 66th Place · $2,150,000
- 13666 179th Avenue Ne · $1,319,000
- 17911 Ne 101st Court · $1,379,000
- 21715 Ne 105th Place · $2,050,000
- 18138 Ne 130th Place · $2,189,000
- 22223 Ne 82nd Place · $1,280,000
- 5985 185th Court Ne #1-301 · $498,000
- 17518 Ne 119th Way · $2,398,000
- 25025 Ne 52nd Place · $1,250,000
- 2311 185th Place Ne · $1,985,000
- 10711 Elliston Way Ne · $2,625,000
- 13772 Ne 60th Street #180 · $308,000
- 8615 139th Avenue Ne · $718,000
- 18282 Ne 97th Way #105 · $799,800
- 8513 139th Avenue Ne · $650,000
- 13709 Ne 93rd Street · $1,624,995
- 23171 Ne 128th Place · $1,000,000
- 12903 176th Place Ne · $1,746,000
- 22544 Ne 93rd Place · $1,250,000
- 13403 Redmond Way · $1,900,000
- 13023 167th Avenue Ne · $2,788,000
- 23171 Ne 128th Place · $1,000,000
- 13330 Ne 80th Street · $2,845,000
- 10702 240th Avenue Ne · $1,749,000
- 10332 186th Court Ne · $1,784,000
- 11664 168th Court Ne · $1,795,000
- 12284 196th Avenue Ne · $4,499,000
- 14009 Ne 74th Street · $1,215,000
- 11738 167th Court Ne · $1,895,000
- 13023 167th Avenue Ne · $2,788,000
- 11730 134th Place Ne · $1,875,000
- 13254 228th Place Ne · $1,135,000
- 5537 163rd Court Ne · $2,380,000
- 9210 166th Place Ne · $1,218,375
- 9484 Woodinville-redmond Road Ne #c202 · $268,000
- 7717 252nd Avenue Ne · $1,999,999
- 5733 155th Avenue Ne · $1,472,500
- 22132 Ne 114th Street · $2,798,888
- 14203 Ne 63rd Ct · $1,399,000
- 21205 Ne 60th Place · $1,050,000
- 17210 6200 Ne 26th Court · $1,999,000
- 24174 Ne 122nd Street · $1,035,000
- 7337 151st Avenue Ne · $1,749,000
- 7912 170th Avenue Ne #204 · $599,000
- 13507 Adair Creek Way Ne · $949,000
- 7427 Old Redmond Road #322 · $535,000
- 13960 Ne 123rd Way #101 · $1,348,900
- 25725 Ne 80th Street · $3,000,000
- 8323 Ne 229th Drive Ne · $1,995,000
- 17018 Ne 80th Street #c5 · $429,900
- 18947 Ne 68th Street · $1,975,000
- 9357 221st Place Ne · $2,198,000
- 12026 Big Leaf Way Ne · $995,000
- 1018 254th Avenue Ne · $3,200,000
- 18115 Ne 113th Street · $1,950,000
- 13940 Ne 123rd Way #304 · $899,900
- 17824 Ne 96th Way #3 · $799,990
- 21013 60th Place Ne · $825,000
- 27408 Ne 30th Way · $865,000
- 12099 164th Court Ne · $2,285,000
- 2209 W Lake Sammamish Parkway Ne · $1,540,000
- 12099 164th Court Ne · $2,285,000
- 17824 Ne 96th Way #3 · $799,990
- 10108 186th Court Ne · $1,999,998
- 11033 169th Place Ne · $1,450,000
- 13402 Ne 110th Place · $2,490,000
- 3834 175th Avenue Ne #e44 · $365,000
- 13402 Ne 110th Place · $2,490,000
- 22675 Ne Alder Crest Drive #102 · $664,999
- 10082 240th Avenue Ne · $1,998,000
- 16036 Ne 106th Street · $1,100,000
- 13807 173rd Avenue Ne · $995,000
- 15291 Ne 82nd Street #102 · $335,000
- 17019 Ne 118th Way · $1,852,500
- 8109 Avondale Way Ne · $1,000,000
- 20525 Ne 68th Street · $1,425,000
- 17254 Ne 113th Court · $2,990,000
- 9400 226th Place Ne · $1,295,000
- 12089 164th Court Ne · $1,999,800
- 4025 172 Avenue Ne · $2,995,000
- 11811 184th Avenue Ne · $4,488,000
- 17403 Ne 45th Street #153 · $324,000
- 17033 Ne 108th Way · $1,998,000
- 3020 E Ames Lake Drive Ne · $1,100,000
- 3834 175th Avenue Ne #a202 · $419,995
- 9625 222nd Court Ne · $1,849,950
- 14330 172nd Avenue Ne · $1,995,000
- 10422 165th Pl Ne · $950,000
- 6260 139th Avenue Ne #70 · $499,000
- 13835 Ne 69th Street #677 · $448,000
- 4335 279th Avenue Ne · $1,450,000
- 24250 Ne 131st Terrace · $1,470,000
- 17921 Ne 27th Street · $1,438,500
- 17409 Ne 136th Street · $1,550,000
- 12080 159th Court Ne · $2,650,000
- 22534 Ne Alder Crest Lane · $705,000
- 10372 156th Place Ne #101 · $879,000
- 8653 Avondale Rd Ne #d208 · $463,000
- 12080 159th Court Ne · $2,650,000
- 15743 Ne 95th Way · $916,000
- 10769 221st Lane Ne · $834,000
- 9103 183rd Avenue Ne · $799,950
- 10372 156th Place Ne ##101 · $879,000
- 14327 Ne 84th Court · $1,350,000
- 18425 Ne 95th Street #176 · $180,000
- 11758 168th Place Ne · $1,865,000
- 16407 Ne 44th Way · $2,398,000
- 18228 Ne 109th Street · $1,289,000
- 16141 Cleveland Street #213 · $406,906
- 7250 Old Redmond Road #e119 · $750,000
- 24020 Ne 113th Place #37 · $667,000
- 18550 Ne 57th Street #c18550 · $599,988
- 7323 Old Redmond Road #4 · $898,000
- 14805 Old Redmond Road · $1,825,000
- 12516 231st Avenue Ne · $1,095,000
- 4605 170th Place Ne · $795,000
- 18425 Ne 95th Street #179 · $210,000
- 20424 Ne 64th Place · $3,750,000
- 17468 Ne 123rd Way · $1,850,000
- 17468 Ne 123rd Way · $1,850,000
- 14809 Ne 63rd Court · $2,599,000
- 16418 Ne 91st Street #105 · $625,000
- 24632 Ne 72nd Street · $2,990,000
- 2614 176th Place Ne · $2,775,000
- 18268 Ne 97th #104 · $650,000
- 6439 Ne 139th Avenue #30 · $509,900
- 15130 Ne 81st Way #104 · $789,000
- 17404 Ne 45th Street #170 · $750,000
- 24196 Ne 131st Terrace · $999,000
- 23158 Ne Devon Way · $1,495,000
- 3246 W Lake Sammamish Parkway Ne · $3,650,000
- 5209 157th Court Ne · $2,295,000
- 15419 Ne 106th Street · $3,495,000
- 10518 157th Avenue Ne · $1,099,000
- 17615 Ne 130th Ct. W · $1,430,000
- 11712 176th Ave Ne · $3,500,000
- 11712 176th Ave Ne · $3,500,000
- 15175 Ne 81st Way #103 · $830,000
- 16880 Ne 42nd Court · $1,299,000
- 22754 Ne 94th Way · $1,450,000
- 8103 146th Ct Ne #d · $525,000
- 11550 174th Avenue Ne · $2,099,950
- Address withheld · Redmond · $570,000
- 11550 174th Avenue Ne · $2,099,950
- 5021 577th Avenue Ne · $998,000
- 6318 156th Place Ne · $1,265,000
- 17023 Ne 120th Street · $1,695,000
- 10306 192nd Avenue Ne · $1,850,000
- Address withheld · Redmond · $1,500,000
- 25327 Ne 67th Place · $2,490,000
- 9463 221st Place Ne · $2,199,000
- 9205 177th Place Ne #1 · $799,995
- 4214 W Lake Sammamish Pkwy Ne Ne #102 · $575,000
- 6742 137th Avenue Ne #426 · $425,000
- 13957 Ne 60th Way #137 · $248,000
- 11815 157th Avenue Ne · $2,149,000
- 3910 225th Court Ne · $1,798,000
- 9550 172nd Avenue Ne · $1,545,000
- 6503 188th Place Ne #102 · $765,000
- 26030 Ne 29th Place · $3,395,000
- 17252 Ne 119th Way · $1,399,000
- 6453 139th Place Ne #47 · $499,000
- 9024 171st Avenue Ne · $1,279,999
- 6453 139th Place Ne #47 · $499,000
- 8033 145th Avenue Ne #d15 · $500,000
- 15516 Ne 53rd Place · $3,149,990
- 23150 Ne 126th Street · $2,045,000
- 18003 Ne 93rd Court #3 · $699,800
- 11518 157th Court Ne · $775,000
- 7740 196th Avenue Ne · $999,900
- 27703 Ne 35th Street Ne · $175,000
- 8923 166th Avenue Ne #104 · $1,445,950
- 12322 138th Place Ne #102 · $1,273,000
- 16518 Ne 85th Street · $1,999,500
- 21007 Ne 66th Street · $849,900
- 9731 228th Terrace Ne · $1,290,000
- 11321 165th Court Ne · $2,250,000
- 9474 Redmond-woodinville Road Ne · $315,000
- 18544 Ne 57th Street · $749,980
- 3440 E Ames Lake Drive Ne · $435,000
- 12357 Big Leaf Way Ne · $1,135,000
- 11727 165th Place Ne · $1,888,000
- 15335 Ne 106th Court · $2,895,000
- 13832 Ne 66th Street #605 · $469,000
- 27621 Ne Quail Creek Drive · $1,295,000
- 18654 Ne 56th Court #18654 · $599,950
- 21339 Ne 97th Place · $2,049,900
- 8851 166th Avenue Ne #d302 · $495,000
- 6525 154th Avenue Ne · $1,299,000
- 6021 158th Place Ne · $2,090,000
- 10193 224th Avenue Ne · $1,550,000
- 10515 221st Lane Ne #202 · $635,000
- 9494 Redmond Woodinville Road Ne #b102 · $349,000
- 13530 Ne 78th Street · $1,200,000
- 8923 166th Avenue Ne #101 · $1,245,000
- 14624 Ne 81st Street #c4 · $565,000
- 8210 171st Avenue Ne · $1,890,000
- 9630 178th Place Ne #2 · $719,000
- 22844 Ne 126th Street · $2,199,500
- 12419 243rd Terrace Ne · $1,135,000
- 3820 E Ames Lake Drive Ne · $1,073,000
- 8412 164 Avenue Ne · $2,380,000
- 7020 139th Place Ne · $3,199,990
- 7020 139th Place Ne · $3,199,990
- 9484 Redmond-woodinville Road Ne #c-205 · $369,990
- 23907 Ne 113th Lane #3 · $556,000
- 19926 Ne Union Hill Rd · $1,148,000
- 6420 224th Avenue Ne · $2,400,000
- 3211 W Ames Lake Drive Ne · $849,000
- 6326 247th Avenue Ne · $1,325,000
- 11920 198th Avenue Ne · $795,000
- 0 Xxxx 198th Avenue Ne · $795,000
- 27630 Ne Quail Creek Dr · $1,450,000
- 17110 Ne 45th Street #30 · $298,000
- 23897 Ne 112th Circle #2 · $699,000
- 23897 Ne 112th Circle #2 · $699,000
- 13244 Woodinville-redmond Road Ne · $3,980,000
- 12207 137th Place Ne #2603 · $939,900
- 12207 137th Place Ne #2603 · $939,900
- 8020 146th Avenue Ne #a29 · $520,000
- 15652 Ne 103rd Court #103 · $749,000
- 8923 166th Avenue Ne #102 · $1,295,950
- 11706 239th Avenue Ne · $829,950
- 8130 145th Court Ne #8a · $419,000
- 26408 Ne 70th Street · $11,250,000
- 8290 Ne 165 Avenue · $1,550,000
- 67 Xx 258th Avenue Ne · $1,625,000
- 6922 232nd Avenue Ne · $1,399,000
- 9859 Redmond-woodinville Road Ne · $16,000,000
- 12652 Sun Break Way Ne · $1,200,000
- 17518 Ne 22nd Court · $1,344,000
- 26006 Ne 29th Place · $3,675,000
- 7316 238th Avenue Ne · $749,000
- 0 Xxxx 238th Avenue Ne · $785,000
- 6356 138th Avenue Ne #213 · $487,500
- 24827 Ne 80th Street · $2,975,000
- 16235 Ne 51st Street · $1,365,000
- 18425 Ne 95th Street #34 · $299,950
- 22920 Ne 132nd Place · $750,000
- 5119 277th Avenue Ne · $1,098,000
- 16275 Ne 85th Street #414 · $449,988
- 9859 Redmond Woodinville Road Ne · $16,000,000
- 11170 (hs 24) Ne 134th Court Ne · $939,000
- 11170 (hs 24) Ne 134th Court Ne · $939,000
- 26345 Ne 34th Street · $2,599,000
- 18425 Ne 95th Street #146 · $199,000
- 20421 Ne 66th Court · $3,395,000
- 10248 242nd Avenue Ne · $1,299,000
- 11261 241st Place Ne #86 · $749,999
- 18397 Ne 97th Court · $900,000
- 7347 Old Redmond Road #119 · $474,900
- 3834 175th Avenue Ne #g16 · $369,000
- 18397 Ne 97th Court · $900,000
- 25629 Ne Redmond-fall City Road · $1,698,000
- 8730 133rd Avenue Ne · $864,950
- 8730 133rd Avenue Ne · $864,950
- 20709 Ne 79th Street · $1,950,000
- 23943 Ne 115th Lane #204 · $555,000
- 10175 156th Court Ne #105 · $900,000
- 10175 156th Court Ne #105 · $900,000
- 58 Th Street Ne · $299,900
- 13820 Ne 65th Street #549 · $599,000
- Address withheld · Redmond · $170,000
- 7339 Old Redmond Road #118 · $329,999
- 18676 Ne 56th Court · $899,000
- 9406 225th Way Ne · $1,399,000
- 57 Xx 188th Avenue Ne · $380,000
- 12255 138th Place Ne #1701 · $1,397,900
- 7417 Old Redmond Road · $430,000
- 11178 (hs 25) Ne 134th Court Ne · $939,000
- 11178 (hs 25) Ne 134th Court Ne · $939,000
- 11868 174th Place Ne · $2,650,000
- 17442 Ne 40th Place #d3 · $835,000
- 18606 Ne 57th Street · $602,000
- 9805 Avondale Road Ne #t254 · $350,000
- 12207 137th Place Ne #2602 · $1,149,900
- 12207 137th Place Ne #2602 · $1,149,900
- 120 Xx 196th Avenue Ne · $150,000
Listing data courtesy of NWMLS. Provided for the consumer's personal, non-commercial use. Market stats reflect representative market data for Redmond; current listings and individual neighborhoods may vary.
See all 55+ adult community homes →Ready to find 55+ adult community homes in Redmond?
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Common questions
Redmond 55+ adult community homes FAQ.
- What 55+ communities are available in Redmond?
- Redmond has several active adult communities ranging from manufactured home parks to single-family developments. RexMont's agents can walk you through current inventory, HOA financials, and resale history for each community.
- Can a younger spouse live in a 55+ community?
- Under HOPA, at least one occupant per unit must be 55 or older. A younger spouse can typically live in the community as long as their partner qualifies. Some communities have stricter rules — verify before buying.
- Are 55+ community homes good investments?
- Well-managed communities in desirable locations hold value well as demand from aging Baby Boomers remains strong. The key variable is HOA financial health — underfunded communities carry more risk.























