HOA stands for Homeowners Association. An HOA is a non-profit organization made up of volunteers and a governing body that makes and enforces rules for a subdivision of homes, condominium complexes, or planned unit development.

When you're trying to find the best places to live, choosing a neighborhood is almost as critical as choosing a house or apartment.

The share of your income that should go towards paying your rent depends on many factors, the most important ones being your income level and where you want to live.