Homeownership Costs in US Jumped 26% Since Pandemic Began
- The average annual cost of owning and maintaining a typical single-family home, excluding mortgage payments, rose to $18,118 in March, $300 higher than four years ago, attributed to inflation and rising utility costs.
- Homeownership costs saw a 26% increase from 2020, reaching $18,118 in March, based on Redfin's median sales price of $436,291, as reported by Bankrate.
- This surge in homeownership expenses since pandemic lockdowns includes inflation, soaring insurance premiums, and escalating utility costs, affecting the affordability of owning a home.
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Leaning Left2Leaning Right8Center2Last Updated27 days agoBias Distribution67% Right