Recent data highlights a significant increase in homeownership costs, now surpassing $2,000 per month, with a staggering 26% rise over the last five years largely attributed to hidden expenses. Monthly mortgage payments for new homeowners now average $2,225, well above the national median of $1,521. Despite some regions like the Triad showing lower costs, the overall trend indicates that housing expenses are outpacing inflation, leading to financial strain for both owners and renters. Furthermore, homeowners are also facing escalating HOA and condo fees, which now exceed $500 a month for millions of households, particularly affecting states like Texas. As housing costs soar, many Americans are responding by moving less frequently and delaying significant life events such as marriage.