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

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.

Source:t.co/0Jc89FHlmi

— Wall Street Silver (@WallStreetSilv) October 28, 2023