Home Affordability Plummets: You Now Need Over $100k Income to Buy a Typical House

Typical home prices have soared over the past 4 years, far outpacing income growth. Studies show you now need over $100k income to afford a typical home.

Zillow analysis found you need $106k annual income to comfortably afford a typical US home, an 80% increase from the $59k needed in 2020.

Bankrate study said buyers need $110,871 annual income for a median $402k home, a nearly 50% jump from 2020.

22 states and Washington D.C. now require at least $100k income to afford a typical home, up from 6 states and D.C. in 2020.

Major metro areas like Seattle, NYC, San Francisco require over $200k annual income to afford typical homes due to very high prices.