Home Prices Soar, Requiring 6-Figure Salaries in 22 States

To afford the median US home price of $402,343, buyers need an annual income of $110,871 - up 46% since 2020.

22 states and Washington DC now require 6-figure incomes to afford a typical home, compared to just 6 states plus DC in 2020.

Western and Northeastern states have the least affordable housing. California, Hawaii, DC, Massachusetts and Washington top the list.

Southern and Midwestern states have the most affordable housing. Mississippi, Ohio, Arkansas, Indiana and Kentucky are the most affordable.

Income needed to buy a typical home rose the most in Montana, Utah, Tennessee, South Carolina and Arizona since 2020. It rose the least in North Dakota, DC, Louisiana, Illinois and Kansas.