Hidden costs of homeownership top $16.5K/year, up nearly 32% in 5 years
Zillow and Thumbtack published a joint analysis finding the typical U.S. homeowner pays $16,566 per year in hidden costs — maintenance, insurance and property taxes — up nearly 32% over five years, though growth slowed to about 3% in the past year. Insurance is the fastest-rising component, up 54% over five years, with premiums now exceeding property taxes in Houston, Phoenix, Denver and Nashville, while maintenance remains the largest cost at roughly two-thirds of the total.
Key figures
- Insurance 5yr growth
- 54%
- Maintenance 5yr growth
- 32%
- Hidden costs 1yr growth
- 2.8%
- Hidden costs 5yr growth
- 31.7%
- Property tax 5yr growth
- 19%
- Hidden costs monthly usd
- 1380
- National hidden costs annual usd
- 16566
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.