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Home buyers need to earn $47,000 more than in 2020
ZZillow Group(Z) Prnewswire·2024-02-29 13:03

The income needed to comfortably afford a home is up 80% since 2020, while median income has risen 23% in that time Those shopping for homes today need to make more than 106,000ayeartocomfortablyaffordahome.AmortgagepaymentonatypicalU.S.homehasnearlydoubledsince2020.Pittsburgh,MemphisandClevelandarethemostaffordablemarkets.HouseholdsinCalifornianeedtomakethemostmoneytoaffordahome.SEATTLE,Feb.29,2024/PRNewswire/−− Homeshopperstodayneedtomakemorethan106,000 a year to comfortably afford a home. A mortgage payment on a typical U.S. home has nearly doubled since 2020. Pittsburgh, Memphis and Cleveland are the most affordable markets. Households in California need to make the most money to afford a home. SEATTLE, Feb. 29, 2024 /PRNewswire/ -- Home shoppers today need to make more than 10 ...