22 US states now require a six-figure income to afford a median-priced home due to a 46% increase in housing prices since 2020.

22 US states now require a six-figure income for buyers to afford a typical median-priced home, according to Bankrate, due to increasing housing prices since 2020. In January 2024, the median cost for a home was $402,343, a 46% increase from January 2020. To afford a $402,343 home, an income of $110,871 is required. The five states requiring the lowest annual income for home buying are Mississippi, Ohio, Arkansas, Indiana, and Kentucky.

April 01, 2024
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