The average US home now requires a six-figure salary to afford, marking a significant increase compared to pre-pandemic levels, according to a study by Bankrate.
The study reveals that the average home buyer needs to earn over $110,000 annually to afford the median-priced home in 22 states. This represents a substantial jump from January 2020, when the average home buyer only needed to make approximately $75,000—a 46% increase.
During the same period, median home prices have surged from $290,000 to $412,000, marking a 42% increase.
Jeff Ostrowski, Bankrate housing market analyst, identifies affordability as the primary challenge, attributing it to record-high home values. He emphasizes the difficulty of meeting down payment requirements and monthly payments, particularly as home prices continue to soar.
Read Full Article Here
BIDENOMICS: Americans need a six-figure salary to afford a median-priced home: study
- by: Hayden Cunningham
- 04.02.24
- Source:
The Post Millennial
- 04/02/2024
Joe Biden by Phil Roeder is licensed under flickr https://creativecommons.org/licenses/by/2.0/
Joe Biden by Phil Roeder is licensed under flickr https://creativecommons.org/licenses/by/2.0/
Follow us
Read our latest news on any of these social networks!
Get latest news delivered daily!
We will send you breaking news right to your inbox
Have a tip? Let us know!
Recent Articles
- by: AP
- Source:
Breitbart
- 08/15/2025
Supreme Court allows Mississippi to require age verification on social media like Facebook and X
The Supreme Court has refused for now to block enforcement of a Mississippi law aimed at regulating the use of social media by children
- by: Richard Luscombe
- Source:
The Guardian
- 08/15/2025
Florida governor says state will open ‘deportation depot’ immigration jail
Ron DeSantis announced move as judge to decide whether to close ‘Alligator Alcatraz’ facility in Everglades
- Source:
Sky News
- 08/15/2025
AI used to design antibiotics that can combat drug-resistant superbugs gonorrhoea and MRSA
Antibiotics are used to kill bacteria, but some infections have become resistant to drugs. It is estimated drug-resistant bacterial infections cause nearly five million deaths per year worldwide.
- by: NIKKI SCHWAB
- Source:
Daily Mail
- 08/14/2025
Melania Trump makes bombshell $1 billion threat against Hunter Biden after 'inflammatory' Epstein comments
First lady Melania Trump is threatening to sue Hunter Biden for $1 billion after he made the false claim that she was introduced to President Donald Trump by serial pedophile Jeffrey Epstein.