Monthly mortgage payment needed to buy the median priced home for sale in the US increased 89% over the last 5 years

This chart shows the median U.S. homebuyer housing payment on a median-priced home from January 2020 to April 2025, according to Redfin data.
  • It starts at $1,484 in early 2020.
  • It dips slightly to $1,688 by late 2020.
  • Then it rises steadily, hitting $2,404 by mid-2022.
  • It peaks at $2,555 in early 2023, then fluctuates, reaching $2,750 by late 2023.
  • After a slight dip, it climbs again to $2,810 by April 2025.

 

 

h/t RobertBartus