Hidden costs of homeownership top $16.5K/year, up nearly 32% in 5 years
A Zillow and Thumbtack analysis found that insurance, maintenance and property taxes cost the typical U.S. homeowner $16,566 annually, nearly 32% more than five years ago. Insurance is the fastest-rising cost, although the overall pace of growth has slowed.
Why it matters — The analysis highlights the continuing burden of costs beyond mortgage payments, a relevant measure of housing affordability for Zillow watchers.