Phoenix Metro Homeownership: What You Really Pay

The avg US homeowner now pays ~$16K/yr in hidden homeownership costs, including maintenance, insurance, and property taxes.
These hidden costs are rising faster than household incomes, 4.7% vs. 3.8% over the past year.
Phoenix homeowners pay ~$13.4K/yr in hidden costs, lower than the national avg.
Property taxes avg ~$1,500, maintenance ~$10,300/yr, and insurance ~$1,600.
Overall costs remain modest, making Phoenix one of the more affordable metros.