Published 29 days ago

In these 22 states, you need a six-figure income to afford a typical home, analysis finds

Home affordability has decreased in 22 states and Washington, DC since 2020, with six-figure incomes now needed to afford a median-priced home.
Home price appreciation outpacing wage growth is a key factor in the reduced affordability, with supply and demand imbalances exacerbating the situation.
Aspiring homebuyers in the US need an annual income of $110,841, based on a median home price of $402,343, according to Bankrate's analysis.

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CNN

In these 22 states, you need a six-figure income to afford a typical home, analysis finds

Buying an affordable home in the United States has gotten a lot harder for many people since 2020.

1 month ago·Atlanta, United States

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KRDO

In these 22 states, you need a six-figure income to afford a typical home, analysis finds

A live TV news station covering breaking news and traffic for Colorado Springs, Pueblo, and Southern Colorado with a strong investigative team

1 month ago·Colorado Springs, United States

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New York Post

Buyers need a six-figure income to afford a typical home in 22 states — up from just six states in 2020: report

Those seeking to buy homes in California, Hawaii, DC, Massachusetts and Washington state need to earn the most to buy a typical home, between $156,814 and $197,057, according to Bankrate.

1 month ago·New York, United States

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The Hill

You need to earn at least $162K to afford a typical home in Massachusetts: analysis

Decades ago, average house sold for less than $100,000. Now, you need to earn over $162,000 to afford the typical home in Massachusetts.

27 days ago·Washington, United States

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The Mercury news

In these 22 states, you need a six-figure income to afford a typical home, analysis finds

People buying on the West Coast and in the Northeast need the highest household incomes to afford a typical home. The top 5 places are: California (where an income of $197,051 is needed); Hawaii ($185,829); DC ($167,871); Massachusetts ($162,471); and Washington ($156,814).

1 month ago·San Jose, United States

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abc 6 Philadelphia

In 22 states and DC, buyers need six-figure household income to afford a typical median-priced home

The report from Bank Rate found that in nearly half of US states, buyers will need a six-figure household income just to afford a median-priced home in their state.

29 days ago·Philadelphia, United States

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In these 22 states, you need a six-figure income to afford a typical home, analysis finds

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In these 22 states, you need a six-figure income to afford a typical home, analysis finds

In these 22 states, you need a six-figure income to afford a typical home, analysis finds

In these 22 states, you need a six-figure income to afford a typical home, analysis finds

In these 22 states, you need a six-figure income to afford a typical home, analysis finds

Buyers need a six-figure income to afford a typical home in 22 states — up from just six states in 2020: report

Buyers need a six-figure income to afford a typical home in 22 states — up from just six states in 2020: report

You need to earn at least $162K to afford a typical home in Massachusetts: analysis

You need to earn at least $162K to afford a typical home in Massachusetts: analysis

In these 22 states, you need a six-figure income to afford a typical home, analysis finds

In these 22 states, you need a six-figure income to afford a typical home, analysis finds

In 22 states and DC, buyers need six-figure household income to afford a typical median-priced home

In 22 states and DC, buyers need six-figure household income to afford a typical median-priced home

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