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You need to make nearly $117K to afford a typical US home: Study

Realtor.com released a report examining work days needed to cover monthly mortgage payments across states.
Many Americans cannot afford mortgage payments due to a housing shortage and other economic pressures.
The U.S. Faced a shortage of 3.8 million housing units in 2024, relative to new household formations.
The national average is 10 work days, while Hawaii requires 15-17, and Ohio only needs six days.
Unaffordable housing means nearly 75% of U.S. Households cannot afford a median-priced home.

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Business Insider

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Here's the salary you need to afford a typical home in the 10 most affordable states for buyers

Sean Pavone/LouisianaHome prices have surged, raising required income for homeownership by 49.5% since 2020: BankrateTwo-thirds of states saw an increase in needed income of over 50%; Utah leads with an 89% rise.But some states, like Ohio, Alabama, and Missouri, are still more affordable.Buying a home has gotten a lot more difficult since the pandemic.With home prices surging around the country since 2020, the average household income needed to …

13 hours ago·United States

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Fox5 DC

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DC homebuyers need to make this much to purchase a home, study shows

Purchasing a home is becoming even more expensive for consumers searching for housing as new data shows that having a significantly high household income is necessary to afford one.

16 hours ago·Washington, United States

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WTXF

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Here's how much you need to earn to afford a home in each U.S. state

Consumers shopping for a home need a substantial annual household income to afford one in certain states based on data in a new study.

16 hours ago

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WTVC

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Homeownership in the US now requires a six-figure income

Homeownership in America is in one of its most unaffordable periods ever thanks to persistently high prices and elevated mortgage rates.

17 hours ago

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News-Topic

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No Gift Money? No Problem: How to Afford a House On Your Own

When you’re saving for your first home, it’s natural to wish for a helping hand. It might even feel like everyone else is getting a check from Mom and Dad. But if you don’t have a financial head start, where…

2 days ago·Lenoir, United States

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NWAHOMEPAGE

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Study: Arkansas homebuyers need this much income to afford a 'typical' home

FAYETTEVILLE, Ark. (KNWA/KFTA) — Buying a home in 2025 can be challenging and since the start of the COVID-19 pandemic, it has only gotten more expensive. A new study from Bankrate looked at how much it would cost to buy a home in 2025 in each state compared to how much it cost in 2020. In 2025, the average annual household income needed to afford a "typical" home is $116,986, a nearly 50 percent increase since early 2020, when the income needed…

2 days ago

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