Overview

• 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.