Homeowners Face $20,000 Annual Hidden Costs

Rising insurance premiums, property taxes, and maintenance fees inflate homeownership expenses across the U.S.

Average annual hidden costs for homeowners exceed $18,000, up 26% from four years ago.
Key expenses include property taxes, homeowners insurance, and maintenance costs.
Homeowners in states like Hawaii and California face the highest hidden costs, over $26,000 annually.
Insurance premiums have surged, particularly in coastal and disaster-prone areas, adding to the financial burden.
These rising costs may slow the housing market and increase foreclosure risks.