14 U.S. states enable median-income earners ($75K or less) to afford median-priced homes, per Bankrate analysis.
14 U.S. states allow residents earning less than $75K to afford median-priced homes, according to Bankrate analysis. Home prices have risen, leading to a shift in homeownership towards wealthier Americans. Half of U.S. households earn a median income of $74.58K or less, making these states ideal for middle-income earners. Homeownership costs are calculated based on a 20% down payment, no HOA fees or mortgage insurance, and a 7.05% mortgage interest rate.
April 13, 2024
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