In 19 metros, insurance premiums are up 50%+ since 2021
Inman
Last updated: October 23, 2026
Homeownership is facing significant financial strain due to rapidly increasing insurance premiums and other associated costs. These rising expenses are impacting homeowners in metropolitan areas across the country, leading to a notable increase in the annual cost of maintaining a home.
- Homeownership costs have surged, with insurance premiums in 19 metropolitan areas increasing by over 50% since 2021.
- According to data from Zillow and Thumbtack, the hidden costs associated with owning a home now exceed $16,566 annually.
- Despite a cooling economic growth rate of 2.8 percent, insurance premiums have seen a substantial rise of 54 percent over the past five years.
- This combination of escalating insurance costs and other homeowner expenses presents a growing financial challenge for many.
