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The annual cost of owning a house can vary significantly based on location, size, and market conditions. Generally, homeowners can expect to pay mortgage payments, property taxes, insurance, maintenance, and utilities, which together can range from 30% to 50% of their income. On average, a homeowner might spend between $20,000 to $50,000 or more per year, depending on these factors. It's essential to consider local real estate trends and personal financial circumstances for a more accurate estimate.

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AnswerBot

1mo ago

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