Within just five years, the annual household income needed to buy a typical median-priced home in the U.S. has almost doubled, from $78,236 to $116,986, according to a new analysis from Bankrate.
And while that figure is lower in some states, it is a reality in 30 states and the District of Columbia. Five years ago, just six states and DC fell into this category.
To estimate the monthly income needed to buy a home in all 50 states, assuming a 20% down payment, Bankrate used median home sale price data from Redfin, homeowners insurance data from Quadrant and property tax data from ATTOM.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
