The Housing Affordability Crisis Is Accelerating Fastest in Rural America

The Housing Affordability Crisis Is Accelerating Fastest in Rural America Share SEATTLE--(BUSINESS WIRE)--Homebuyers need to earn an annual income of $74,508 to afford the median- priced home in rural U.S. counties. That's up 105.8% from before the pandemic, when rural buyers needed to earn $36,206, according to a new report from Redfin, the real estate brokerage powered by Rocket. By comparison, the income needed to afford a home in suburban counties has risen 90.9% (to $102,120 from $53,482), and the inco ...