What is your Base Housing Cost for 2022 (Tax + Insurance + HOA) w/o mortgage?

[cyber888]

Knowing that most mortgages are fixed for 15 or 30 years, what's most affected by inflation is Realty Tax, Insurance rates, and to a certain extent HOA. I was wondering what your spending yearly for these in 2022, without the mortgage. If you want to include your mortgage or HELOC, feel free to itemize it as additional items.

I've seen post about increases in tax and other separate post about increases in insurance, but have not seen the overall impact of inflation. I guess this may show a more comprehensive view (taxes +insurance + HOA). Thanks!

Mine for 2022:
Realty Tax 2022 = $3,103 (increase)
Home Insurance = $1,197 (was able to get a lower rate at another provider)
TOTAL = $4,300 or $358/month

I pay $67/mo for HOA in 2022. So, 358 + 67 = $425/month

Last year 2021:
Realty Tax 2021 = $2805
Home Insurance = $1,365
TOTAL = $4,170 or $347/month

I paid $65/mo for HOA in 2021. So, 347 + 65 = $412/month

 

[wmc1000]

2800 sq. ft home on 2.5 acres

Last year 2021:
Realty Tax 2021 = $921
Home Insurance = $1,083
TOTAL = $2,004 or $167/month

Mine for 2022:
Realty Tax 2022 = $1,089
Home Insurance = $1,131
TOTAL = $2,220 or $185/month

NOTE: Added 1800 sq. ft. post frame building to property fully insulated with HVAC


Edit: No mortgage, HOA is $360 per year, no change

 

[COcheesehead]

HOA $450 per year.
Insurance $528 I am pretty sure this will go up.
Property tax $2710
2200 sq feet. Low seven figure valuation.

HOA went up $50. Property tax went down about $30.
The state and county are also giving us a tax rebate in August of $1700. It’s an election year. LOL.

 

[pjigar]

Last year 2021:
Realty Tax 2021 = $2371
Home Insurance = self-insure
HOA = none

TOTAL = $2371 or $197/month

Mine for 2022:
Realty Tax 2022 = $3785
Home Insurance = self-insure
HOA = none

TOTAL = $3785 or $315/month

No mortgage.

 

[FANOFJESUS]

1500 sq. ft home on a .3 acre lot
Mine for 2022:
Realty Tax 2022 = $2300
Home Insurance = $989
TOTAL = $3289 or $274 a month

 

[aaronc879]

Real Estate tax: $2900
HO Insurance: $600

Total: $3500

No HOA or mortgage. Basically unchanged year over year. Seems like my total is higher than a lot of people even though my house is only worth $140K-ish.

 

[W2R]

2022 expenses for my paid off 1500 sf single story brick Dream Home built in 1965 on a slab, on a 50' x 120' lot:
_______________________________________________

$0 . . (no HOA)
$684 . Flood Insurance
$2374 State sponsored Wind & Hail (=hurricane) Insurance
$1970 Property Tax
$503 . Homeowners' Insurance

$5531 ANNUAL TOTAL
_______________________________________________

(=$461 monthly total)

Not bad for a lifetime Dream come true!

 

[Andre1969]

Here's my specs:
2021 (paid late 2020
Property Taxes: $4911.82
Homeowner's Insurance: $1324.30
Total: $6236.12

2022 (paid late 2021
Property Taxes: $5067.88 (3.2% jump)
Homeowner's Insurance: $1430.73 (8.0% jump)
Total: $6498.61 (4.2% jump)

Looks like the county stayed somewhat humble, but the insurance company certainly got a bit greedy.

 

[aaronc879]

Expenses for 1500 sf single story brick Dream Home built in 1965 on a slab, on 50' x 120' lot:

$1970 Property Tax
$0 (no HOA)
$684 . Flood Insurance
$2374 Wind and Hail (=hurricane) Insurance
$503 . Homeowners' Insurance

$5531 ANNUAL TOTAL

(=$461 monthly total)

Wind and hail is included in homeowner's insurance around here. I guess they can't do that in areas with frequent hurricanes but seems weird to me that they are separate.

 

[TheWizard]

RE tax plus insurance add up to about $1000/month for me...

 

[W2R]

Wind and hail is included in homeowner's insurance around here. I guess they can't do that in areas with frequent hurricanes but seems weird to me that they are separate.

After Katrina, insurance companies won't cover wind and hail (hurricane) damage in New Orleans at all, for any price AFAIK. But mortgage companies require it, and most people need mortgages.

So, our wind and hail insurance is sponsored through the State of Louisiana, and it is called "Louisiana Citizens". My post wasn't clear about that! So, I corrected it, thanks for pointing that out.

We are disgusted with how high the price is, given that our houses have been here for 57 years with never a single insurance claim. We are old (74 and 68), and it sure looks tempting to drop it and gamble. But we probably won't.

 

[steelyman]

Just under $6K/yr for me. Property tax accounts for just under $4K of that.

 

[Teacher Terry]

Hoa=372, insurance = 40 and property taxes =35 per month. I have a condo and all my utilities are covered by the hoa. I have a mortgage for 440/month.

 

[W2R]

Just under $6K/yr for me. Property tax accounts for just under $4K of that.

I'm surprised that property tax is that much, there. Oh well, "they'll get you coming and going" as the saying goes. Not much choice.

 

[RE2Boys]

property tax and insurance totals $3000 per year. No mortgage or HOA. 2000 square foot 60 year old rancher in PA.

Of course, there is maintenance, landscaping, lawn mowing, snow plowing, and occasional updates/remodels.

 

[Lakedog]

3000 sq. ft home on 5.8 acres

For 2021:
Property Tax = $977
Home Insurance = $922
HOA = $300
TOTAL = $2199 or $183/month

For 2022:
Property Tax = $711
Home Insurance = $926
HOA = $338
TOTAL = $1975 or $165/month

The already low property tax dropped due to a larger homestead exemption at age 65, so less expensive overall this year.

 

[joesxm3]

50 year old 2200 sq ft house on 1 acre.

Property tax $7000

Insurance $1500

Won't say what state, but the people that run it are happy to have our current president.

75% of the town budget goes to the school.

 

[steelyman]

I'm surprised that property tax is that much, there. Oh well, "they'll get you coming and going" as the saying goes. Not much choice.

Yes they will! My understanding is that it’s higher closer to UNC though.

 

[rodi]

2000sf home plus a 700sf ADU (granny flat) on 1/4 acre. We rent out the ADU so expenses specific to it (like our insurance for the unit) are not included here. We got just over $19k/year gross income last year for the ADU.

2021
Property Taxes (paid in late 2020): $3731.04
Insurance for primary home (have a separate policy for adu): $1178.78
Earthquake: $100
HOA: $0

Total for 2021: $5009.82 (or $417.49/month)

2022
Property Taxes (paid in late 2021): $3771.44
Insurance for primary home (have a separate policy for adu): $1537
Earthquake: $100
HOA: $0

Total for 2022: $5408 (or $450/month)

 

[jollystomper]

3000+ finished square footage on 3 levels, and a little over an acre of land. Property taxes ($4,950) + insurance ($1,370) for last year = $6,320, about $527/month. No mortgage.

Our home was just re-assessed this year, so our property taxes are up 5.2%. We will get the next annual homeowners insurance bill in September, and are not expecting happy news.

 

[Happyras]

Hmmmm.......we pay about 12K/yr property tax and $1600/y HO ins, so about $1150/mo. We live in the Seattle area, so we get to pay for all the apartment dwellers fair share of taxes. Actually, we do not have an official state income tax, only a quasi income tax passed recently which bypasses the law calling it a capital gains tax. So, they say, for that reason our taxes are a bit higher. Both for property and excessive income.

 

[Car-Guy]

Let's see, with insurance and taxes, about $1700 yr. No mortgage. No HOA around here, and no need for flood insurance either. The last time it flooded around here, Noah was afloat in his ark. Tornadoes are our biggest concern in this area but our basic insurance covers wind damage. And my storm shelter covers me, the DW and dog.

 

[bbbamI]

I'll play. For our 1850 sq ft house on a small lot....

2022
Realty Tax ..............$4,300
Home Insurance.....$1,700
No HOA
No Mortgage

Annual Total .........$6,000

2021
Realty Tax .............$4,128.
Home Insurance ....$1,500.
No HOA
No Mortgage

Annual Total .........$5,628

 

[target2019]

3000+ finished sq. ft. on 3 levels, and 5/8 acre of land.

R.E. ~$13,000

Insurance ~$1,200

Total $14,200 annual or $1,183 monthly.

 

[aaronc879]

Hmmmm.......we pay about 12K/yr property tax and $1600/y HO ins, so about $1150/mo. We live in the Seattle area, so we get to pay for all the apartment dwellers fair share of taxes. Actually, we do not have an official state income tax, only a quasi income tax passed recently which bypasses the law calling it a capital gains tax. So, they say, for that reason our taxes are a bit higher. Both for property and excessive income.

Pretty sure the landlord pays property taxes and passes the bill on to the renters so they are effectively paying their fair share as well.