There are plusses and minuses to both.
You will have the "NO HOA EVER" crowd chime in, of course. Me, personally? I like my HOA to keep the neighborhood maintained, address behaviors that detract from home values, etc., and ours maintains the entrance road to the neighborhood, our park, and provides security.
I think if you live in an area where you can't hardly see the next house from your front window, then an HOA is less important. Or if you want to paint your house purple, and have cars propped up for months on end to work on in the driveway, then you definitely don't want an HOA.
But if you live in a typical subdivision with <30 feet between neighbors, want shared amenities, and someone taking care of the common areas, working with the city/county when needed...then you probably can benefit from an HOA.