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Published 3 months 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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  • 45% of the sources lean Left, 45% of the sources are Center
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