Median US Home Prices would have to drop over 50% to match the average US rent

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by Mysterious_Comb9550

Using the current average US rent price of $1,372, to match a mortgage payment with a 20% down payment, the home value would have to be around $200,000.

Considering that the median home price is currently $410,000, this means that median home would have to drop over 50% to match the average rent.

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