The Brief

Owning a home can get pricey considering all the costs associated with it, including mortgage payments.

And while the management of household expenses can be a challenge, a new analysis from Zillow and Thumbtack reveals that the hidden costs of owning a house, like maintenance, insurance, and property taxes is now $15,979 annually in the U.S.

A breakdown of homeownership cost

Zillow noted in its report that homeowners on average are spending $10,946 annually on maintenance, $2,003 on homeowners' insurance, and $3,030 on property taxes. And this accounts for over $1,300 monthly in extra costs on top of mortgage payments.

These costs rose by nearly 5% in the past year, while household income increased only 3.8%, which can contribute to making buying a home less aff

See Full Page