Study: Hopeful homebuyers need income of nearly $117,000 to afford typical home in US
The most difficult U.S. housing market in decades continues to encumber prospective homebuyers, who need an annual household income of $116,986 to afford the typical home, according to Bankrate’s new 2025 Housing Affordability Study. That’s almost a 50% increase since early 2020, when the income needed to buy a typical home was $78,236. What’s more,…
