US Homeownership Costs Hit Record $28,596/Year, Up 39% Since 2019
The average annual cost of owning a home in the US has surged 39% since 2019 to a record $28,596 in 2025, outpacing the 26% rise in CPI inflation over the same period. Interest payments are now the largest single expense, while emergency repair costs have more than doubled.
According to data from The Kobeissi Letter, the average annual cost of homeownership in the United States has reached an all-time high of $28,596 in 2025, representing a 39% increase since 2019. This surge has outpaced the 26% cumulative rise in CPI inflation over the same period.
The largest component of homeownership costs is now interest payments, which have risen 35% since 2019 to exceed $10,500 last year. Property taxes have increased 31% to $5,900 per year, making them the third-largest cost factor behind interest and maintenance.
Notably, emergency repair costs have soared 175% since 2019, while routine home maintenance expenses have climbed 85%. These figures underscore the worsening housing affordability crisis in the US.
Source: The Kobeissi Letter