Zillow Homeownership Costs Report

 

Exploring the hidden costs and affordability challenges facing homeowners in today's housing market.

Contents

01. Hidden Costs Overview

Understanding the true annual expenses beyond mortgage payments for homeowners.

02. Cost Breakdown Analysis

Detailed examination of property taxes, insurance, maintenance, and utilities.

03. Affordability Challenges

Current market conditions and barriers for first-time homebuyers.

04. Key Insights & Outlook

Strategic recommendations and future market trends for homebuyers and owners.

Hidden Costs of Homeownership

Cost Components Breakdown

Home ownership Affordability Trends

Housing Market Challenges & Opportunities

Regional Affordability Disparities

Most Affordable Regions

Midwest and South showing better affordability compared to coastal areas.

• Midwest: Index at 118.7, most affordable.

• South: Index at 101.1, second most affordable.

• Markets like Pittsburgh and Cleveland leading.

Least Affordable Regions

West and Northeast facing significant affordability challenges and high costs.

• West: Index at 69.0, lowest affordability.

• Northeast: Index at 81.1, second least affordable.

• California, New York metros most challenged.

Key Barriers to Home ownership

Strategic Recommendations

Questions & Discussion

For more insights on home ownership costs and housing trends, visit Zillow Research.