articleThe Brief The cost of homeownership increased from $1,960 in 2023 to $2,035 in 2024, according to Census Bureau data. Homeowners have faced a sharp rise in monthly costs over the past five years, reaching new highs just last year. The median monthly cost of homeownership in the United States increased to $2,035 in 2024, which is up from $1,960 in 2023. Consequently, the median household income increased in 29 states from 2023, after adjusting for inflation. The poverty rate decreased in 13 states and Puerto Rico between 2023 and 2024.