Most HOAs are in low cost and high density multi-family housing: condos, townhouses, etc. In those cases many of the people living there are renters, but subject to following the rules through their landlords.
When you have an HOA with regular single family homes, it generally has to have been setup by the contractor, who build the entire planned community. These mass produced planned communities are also typically cheaper and lower value than individual one-off single family homes, as they are built to a price point for a profit.
When you have an HOA with regular single family homes, it generally has to have been setup by the contractor, who build the entire planned community. These mass produced planned communities are also typically cheaper and lower value than individual one-off single family homes, as they are built to a price point for a profit.