U.S. homeowners can expect costs associated with owning and caring for a home to total almost $9,400 a year, according to an analysis by Zillow and Thumbtack. That’s about $780 a month on top of a monthly mortgage payment.
• Property taxes, utilities and homeowners insurance are about $6,330 a year for the typical home.
• Maintenance costs come to about $3,070 a year.
While home shoppers tend to focus on listing prices, owning a home includes a heap of expenses that aren’t included in that sticker price – and they vary considerably by market. Obviously nobody chooses where they live based on how high lawn service costs are, but it’s smart to be aware of these costs—and it’s particularly important for first-time buyers or those moving to a new area who might not be familiar with all the costs of homeownership.