“Just 39% of renters make enough to afford the median-priced apartment.”
"Just 39% of renters make enough to afford the median-priced apartment."@Redfin pic.twitter.com/UPQi7t7m92 — Daily Chartbook (@dailychartbook) June 24, 2024
median-priced
The cost of housing in the United States has reached an all-time high, with Americans now needing to make $114,600 per year to afford a median-priced home — To put things in perspective, the median household income is only $75,000.
by TonyLiberty The cost of housing in the United States has reached an all-time high, with Americans now needing to make $114,600 per year to afford the median-priced home. To put things in perspective, the median household income is only $75,000. Homeownership is becoming increasingly out of reach for many Americans. If you’re looking to …
The mortgage payment to buy a median-priced home is now $2,649 — a new all-time high
Property taxes, insurance, and general home upkeep are not included and for many are more than the mortgage itself. And those costs absolutely increase over time. h/t TonyLiberty