Jul 17, 2025 - News
Iowa's "hidden" home costs: Nearly $16,000
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Homeowners in Iowa spend an average of $15,737 a year on upkeep and other "hidden expenses," according to a Bankrate study.
Why it matters: Overlooked costs, beyond mortgage payments, can surprise unprepared homeowners.
Zoom out: Across the U.S., the average annual cost of these hidden expenses for a single-family home is $21,400 this year.
Zoom in: According to the report, the average Iowa homeowner spends $4,606 annually on maintenance, $4,147 on utilities, $3,302 on property taxes, $2,192 on home insurance and $1,490 on internet.