This chart compares the median household income in the United States to the median price of new houses sold in the country.

At first glance, these concerns seem reasonable: home prices ... chart below shows that the demographics spending higher than average proportions of their incomes on housing include low income ...

The dynamic is reflected in the chart below ... that have seen some of the biggest price increases over time, most notably food and housing. "Lower-income households spend more of their money ...

The gap between income and home price is particularly pronounced in the West. In the San Francisco Bay Area county of Alameda, which includes the cities of Oakland and Alameda, the gap between ...

Other parts of California, many areas in Florida and the New York City metropolitan area had home prices at least five times the median household income. Some parts of New England, including the ...

“Household income” is based on American Community Survey data and Zillow estimates. Not adjusted for inflation. Home prices, already high, soared during the pandemic, rising more than 40 ...

How far home prices need to fall Housing affordability is typically measured by looking at how much of a household's income is consumed by housing costs, such as rents or mortgage payments.

The counterpoint is that 4-7% annual growth in home prices significantly outpaces growth in income. In other words, it's not sustainable. Combine that with mortgage rates over 7% and it's an ...

The Mile High City continues to attract newcomers at a steep price. Homebuyers need approximately $130,000 in annual income to afford Denver’s median home price, putting homeownership out of ...

Researchers based their ranking on median home price and median household income data from 2022. Using a metric in the housing sector known as the price-to-income ratio, researchers divided the ...

Among the 200 largest metro area housing markets, the chart below highlights the 30 markets with the largest home price increases between December 2023 and December 2024, according to ResiClub’s ...