US EditionMap: The ‘hidden’ cost of home ownership in each state for 2025
- A Bankrate analysis in 2025 found that the average hidden costs of owning a home in the U.S. exceeded $21,000 annually, varying widely by state.
- These costs result from factors including rising home values, inflation affecting maintenance, utilities, property taxes, and insurance expenses nationwide.
- Hawaii had the highest average hidden costs at $34,573, mainly due to high maintenance and energy bills, while West Virginia had the lowest at $12,579 with minimal property taxes.
- Key components include $8,808 for maintenance, $4,494 for utilities, $4,316 for property taxes, $2,267 for home insurance, and $1,515 for internet and cable on average nationally.
- Linda Bell emphasized that these unexpected expenses can strain finances, particularly for those purchasing a home for the first time, who might not fully anticipate their financial burden.
13 Articles
13 Articles
Hidden costs of homeownership: States with highest and lowest expenses
Seattle.halbergman/Getty ImagesHomeowners face an average of $21,400 yearly in hidden costs like maintenance and utilities, Bankrate says.Rising home values and inflation drive up property taxes and insurance premiums.A Bankrate survey shows 42% of homeowners regret unexpected maintenance expenses.When you buy a home, your principal and interest payments aren't the only financial burdens you'll have to worry about. Thousands in so-called "hidden…
The benefits expected when buying a house depend less and less on the rent and more on the property being more expensive in the future. Expectations of price increases already represent 75% of the expected rate of return, 20 points more than five years ago
Map: The ‘hidden’ cost of home ownership in each state for 2025 – automotivemogul
article FILE_A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. (Photo by PATRICK T. FALLON/AFP via Getty Images) Owning a home is the ultimate American dream, but that dream …
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