Americans must earn roughly $106,500 to comfortably afford a typical home, a significant increase from the $59,000 annual household income that put homeownership within reach for families in 2020.

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 8 months ago

Americans must earn roughly $106,500 to comfortably afford a typical home, a significant increase from the $59,000 annual household income that put homeownership within reach for families in 2020.

octopus_ink@lemmy.ml · 8 months ago

I think there are MANY places it’s not buying a typical home. IANARealEstateExpert but I would bet there are specific areas of the country with a very depressed housing market that are bringing the average down by a bit.

Americans must earn roughly $106,500 to comfortably afford a typical home, a significant increase from the $59,000 annual household income that put homeownership within reach for families in 2020.

Americans must earn roughly $106,500 to comfortably afford a typical home, a significant increase from the $59,000 annual household income that put homeownership within reach for families in 2020.

Here's how much money you need to make to afford a home