Gated communities in the U.S. vary, with some featuring luxury estates while others are made up of one-bedroom condos. Yet they all offer security, prestige and privacy at a premium. Nationally, these homes on average cost about 5%-10% more than similar non-gated homes in the same areas. While gated communities typically have higher property values, they also come with a homeowner’s association that imposes monthly property fees in addition to enforcing policies. CNBC visited three gated communities in Palm Beach County, Florida, to see how these have evolved and whether they’re worth the premium.
Chapters:
0:00 Introduction
1:40 Chapter 1. The rise of gated communities
4:42 Chapter 2. Paying a premium
7:00 Chapter 3. Remaining popular
Produced and Shot by: Natalie Rice
Edited by: Matthew Soto
Additional Camera by: Magdalena Petrova
Animation: Emily Park
Senior Managing Producer: Tala Hadavi
Additional footage: Nicholas Block, Getty Images, Frenchman’s Reserve
Additional Sources: Zillow, Redfin, John Burns Research and Consulting
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Do you want to buy a home but don’t know where to begin? Take CNBC’s new online course How to Buy Your First Home. Register today: https://cnb.cx/3STNNhr
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#CNBC
Why Americans Love Gated Communities
source
