According to a new Realtor.com® report, the typical U.S. household would need to spend 44.6% of their income to afford a median-priced home in May 2025, well above the traditional 30% affordability threshold. Only 3 of the 50 largest metros meet that standard.
A new Redfin report finds homebuyers must now earn $116,633 to afford a median-priced home—81.8% more than the $64,160 renters need to cover their monthly payment.
According to a new report from Realtor.com®, homes with phrases like “Priced to Sell” or “Bargain” in their listings come with an average discount of nearly $38,000 compared to the median-priced home.
Two new Redfin reports highlight the recent improvement in housing affordability. The first highlights a 1.4% annual decrease in the income needed to afford a median-priced home, while the second shows 48% of listings spending 60+ days on market.
According to a new survey from Clever Real Estate, prospective buyers need to earn at least $119,769 annually to afford a median priced home at $332,494 with a 10% down payment. That income is $45,000 more than the median U.S. household income.
A new Zillow report shows today’s homebuyers need to earn more than $106,000 a year to afford a typical U.S. home—up $47,000 or 80% from January 2020. The median household income has grown only 23% during that time.
A new Redfin report shows homebuyers earning the national median income ($78,642) in 2023 would have spent 41.4% on housing costs for the median-priced home ($408,806), making 2023 the least affordable year on record. But there’s hope for 2024.
A new Redfin report shows homebuyers now need a household income of $115,000 to afford a median-priced home. That’s roughly $40,000 more than the typical U.S. household earns.
A new report from the National Association of REALTORS® (NAR) shows significant inequalities in homeownership rates and household wealth gains across different income levels and racial/ethnic groups.
A new Redfin report reveals the minimum annual income necessary for U.S. home shoppers to afford a typical home in today’s market. Here’s what you need to know.
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