Who Can Afford the Median-Priced Home in Their Metro?
- United States
- Joint Center for Housing Studies
Nationwide, 59% of households (or 64% on average across metros) can afford typical monthly payments in their metro area; however, only 39% of renters (or 45 percent on average across metros) earn sufficient income to afford monthly payments on the median-priced home in their metro. This interactive map reveals the share of residents that can afford payments on the median-priced single-family home across the US. The map includes information such as the percentage of rental households, median single-family house price, monthly payment amount, and median income for both owners and renters.
National Association of Realtors© and Moody's Analytics Forecasts; 2015 American Community Survey 1-Year estimates.