For $500 a month (I’m assuming you meant monthly), that better include property taxes, otherwise before you even pay principal and interest, you’re probably going to be paying at least $1k a month. Most of the properties in our budget that I see on Zillow are HOA townhouses/condos, and the expenses the fees cover are never worth it. Unless you plan on staying for 15+ years, I’d think twice about buying into a community with HOA fees that high. I certainly wouldn’t want to buy it from you.