‘Hidden Costs’ of Homeownership Continue to Soar
Appraisal Buzz
JUNE 10, 2024
Median home prices have risen above $400,000 nationwide, and the average annual cost of owning and maintaining a single-family home in the U.S. Bankrate compiled the typical costs of property taxes, homeowners insurance, and home maintenance, which was estimated to be 2% of a home’s value per year.
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